In this article, Insider Financial takes a look at penny stocks on the move: Marijuana Company of America Inc (OTC US: MCOA), CBD of Denver Inc (OTC US: CBDD), B2Digital Inc (OTC US: BTDG), Reflect Scientific Inc (OTC US: RSCF). We are doing this to update our regular readers on what is happening in the land of penny stocks. We are not focused on the bagholders, but rather the penny stocks that are moving and why.
As we have stressed repeatedly to our subscribers, the key to trading penny stocks is finding momentum BEFORE it happens. We got our subscribers early on Tesoro Enterprises (OTC US: TSNP), Enzolytics Inc. (OTC US: ENZC), and recently CBDD.
Now, when we say that we find momentum BEFORE it happens, we are swing traders looking to position our subscribers BEFORE the move happens. This is where the big money is made and why so many of our subscribers are sitting on gains of over 5000% in ENZC and over 10,000% in TSNP. If you want to day trade, this is not the place for you. If you want to make a few hundred bucks and then lose a thousand the next, we hear Tim Sykes has plenty of openings.
Now that we got that out the way, here are 4 penny stocks on the move.
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.
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