Thank you for organising the yearly competition
@debtfree ?
I am very happy to participate regardless of prize money, as it's a great chance to think a bit more long-term in terms of stock picks. Which is different to the monthly competitions which gets me to look for a short-term punt on a stock rebound or quick rally usually.
Although a bit cumbersome to look at trading volumes etc. I totally agree with the higher end of the stocks with liquidity only to be included in the picks as it's easy to manipulate the stock prices of a penny stock with absolutely poor volume by simply buying up a few bucks worth of shares yourself even if it's just for bragging rights.
After penciling out a lot of low-priced stocks under 10c, I came up with the following four:
1. EML Payments Ltd (
EML) => Having had some success with another payments firm TYR this year in the
Speculative Stock Portfolio, I thought to pick another payments stock to try my luck in 2023.
2. Peninsula Energy Ltd (
PEN) => Uranium stock, hoping for this commodity to boom in 2023
3. Redbubble Ltd (
RBL) => Online marketplace for arts and designs, possibly could re-bound in 2023 as the share price has been shattered this year
4. Boab Metals Ltd (
BML) => Having taken a trading loss on this stock, as my timing was poor in the
Speculative Stock Portfolio, I thought the prospects are better in 2023 now that it's going into development stage for this Lead-Silver miner, having recently awarded the mining contractor.