Where wall street trader go search or pick for PennyStocks that will go up crash in one day list some source and how they get those infos

Wall Street traders often rely on various sources to identify penny stocks with potential for a short-term explosion in price. Here are some common sources and how traders gather information about these stocks:

1. Financial News and Announcements:
   • Traders monitor financial news and announcements from sources like Bloomberg, CNBC, and Reuters. These sources often report on significant developments that can impact penny stocks, such as regulatory approvals, contract signings, or product launches.
2. Company Filings and Social Media:
   • Publicly traded companies are required to file reports with the SEC, which can provide valuable information about their operations and financial health. Traders also pay attention to social media platforms, where companies may announce important news or interact with investors.
3. Industry and Market Trends:
   • Traders closely follow industry trends and market developments that can affect penny stocks. For example, advancements in technology, changes in consumer preferences, or regulatory changes can create opportunities for penny stocks to surge.
4. Analyst Reports and Recommendations:
   • Some traders rely on analyst reports and recommendations to identify penny stocks with potential. Analysts may provide insights on a company's financials, market position, and growth prospects, which can influence trader decisions.
5. Online Forums and Communities:
   • Online forums and communities, such as Reddit's r/pennystocks or StockTwits, can be a rich source of information and discussion about penny stocks. Traders often share tips, rumors, and insights on these platforms.
6. Technical Analysis and Indicators:
   • Traders use technical analysis and indicators to identify patterns and trends in penny stock prices. Tools like moving averages, relative strength index (RSI), and volume patterns can help traders make informed decisions.
7. Screening and Data Platforms:
   • There are various screening and data platforms, such as Yahoo Finance, that provide traders with essential information like stock prices, trading volumes, and market capitalization. These platforms can help traders filter and identify suitable penny stocks.

Please note that trading penny stocks is inherently risky, and it's important to conduct thorough research and consider your risk tolerance before making any investment decisions.