You must be aware of the scams surrounding the pink sheets. Many penny stock scammers make big bucks by luring investors into a nearly worthless stock before taking their money. Often, these companies are significantly overleveraged and on the verge of bankruptcy.Д«ankruptcy leads us to our third penny stock risk вЂ“ scammers. Next, most investors quickly realize that a stock is considered a вЂњpenny stockвЂќ for a reason. With no minimum standards for many stocks on the pink sheets and a lack of in-depth financial data, itвЂ™s rare youвЂ™ll find a company you can properly research and vet before investing. And why are there so many risks involved with penny stocks? Most agree there are three reasons penny stocks are risky.ДЇirst, thereвЂ™s a lack of credible information surrounding most penny stocks. While you take a lot of risks, you have the potential for enormous returns. Penny stockВ trading is high risk, high reward. You can also lose a lot of cash on the pink sheets. You can make a lot of money investing in penny stocks. BARK stock price target: $7.71 The Risks and Rewards of Penny StocksД«efore we break down solid penny stocks to watch, we want to offer a quick disclaimer. ItвЂ™s forming a descending wedge and is always a good buy into earnings on 11/8. We think this is the most undervalued company in the pet space and has a lot of potential in the short and long term. $BARK Stock вЂ“ $6.40 (THE ORIGINAL BARK COMPANY.) Next supports of fails at $5.70 are $5.20 and we will go in BIG if it gets back down to $5. Let it come down a little bit before it ramps back up. Pretty big support level at $5.70 and good swings from that level. $WKEY Stock вЂ“ $6.06 (WISEKEY INTERNATIONAL HLDS LTD.) These next two are on the more expensive side of penny stocks, but are names we see a lot of potential in that are in growing industries. ItвЂ™s forming a descending wedge with massive support at 3.50. AMPG stock price target: $4.80ДЄgain, a recently IPOвЂ™d name that we think has potential from a technical standpoint. We like it because it can make huge intraday moves. Support at $3.20 and tends to spike to $4. $AMPG Stock вЂ“ $3.37 (AMPLITECH GROUP INC.) Relatively newer stock that has a low RSI and a lot of potential to run because of the descending wedge itвЂ™s forming. $MITQ Stock вЂ“ $2.60 (MOVING IMAGE TECHNOLOGIES INC.) ItвЂ™s been bouncing around $2.35 вЂ“ $3 for the last couple of months. $PALI Stock вЂ“ $2.4301 (PALISADE BIO INC.) Spikes to $2 when it gets to that support. Looking to add on this name in the $1.19 вЂ“ $1.34 area. $IGC Stock вЂ“ $1.44 (INDIA GLOBALIZATION CAP INC.) Also, there is a lot of hype on this name on Twitter which should pump up this name. With energy stocks making 52wk highs and the price of a barrel rising, we had to include an energy name. Let it come down to $.48 because it has spiked numerous times off of that support. $NAKD Stock вЂ“ $.6282 (NAKED BRAND GROUP LIMITED) The 10 Best Penny Stock Picks in October 2021 are:ДЎ.

Good stocks to invest in