In today's video I Want to break down the top three penny stocks for October 2023 These are all stocks that have clear Catalyst that are going to be occurring within the next few weeks. and the reason we like Penny Soxs is not because we think they are incredible Buy and Hold plays, but rather because they frequently have some pretty aggressive trading opportunities. For example, we alerted Ttoo and zip Trader U at about 11 cents a share on July 20th and by mid August it proceeded to run to 73. This was one of our many exciting plays this year and it ran some 563 per in about a month.

Now a lot of people would look at me and say Charlie Charlie to why why would you ever consider a stock like T in the first place a penny stock Charlie Why would you look at how volatile it is Charlie you please Charlie Can you find me a stock that never moves I can't take the movements it makes me nauseous. But as Traders you have to know that the opportunity is the move itself. And likewise in this video I'm going to break down three top penny stocks that have Catalyst that are going to be occurring this month. Also, today's video is sponsored by our completely free email newsletter and text message alerts where you'll get sent our most recent reports and ideas on a nearly daily basis.

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So I'll put that link down below. Let's get to work time stamps down below. Okay, number one Ardx. So Ardx is working through kidney trials for a drug called Tetor and the officially scheduled FDA approval decision date is October 17th 2023.

So in a couple weeks, these trials have been going on for quite a long time and it's been a very, very big struggle for the company. but we're getting close to the finish line now. Ardx got beat down like a goose in a goose fire in July 2021. After the FDA said it detected issues in both the size and the clinical relevance of this key drugs treatment effects and because this drug is so critical to the bottom line of Ardx and its future.

Well, it went from Highs at around 923 to 49 by mid 2022. However, on November 16th, an advisory committee looked at the data and voted that the benefits of their tenor application outweighed the risks. The CEO followed up about phase three trials Saying quote We are confident that the data from the three phase three clinical trials involving more than 12200 patients support the approval of Xph Z in the US for the control of serum phosphorus in adult patients with CKD on dialysis. And so that is why the stock is relevant again.

And and this stock is running up because on October 17th, Ardx is actually scheduled to have its final FDA approval decision. Now of course, there are never any guarantees with the FDA, but there are many reasons to believe that it is going to indeed get approved. Why you ask? Well, because Japan Also recently approved Tenor for the same use that it's in trials for here in the United States and again, the Fda's own advisory committee also also suggested approval voting in mass that benefits outweigh the risks almost a year ago. On top of that, the FDA already approved Tenor for the treatment of irritable bowel syndrome with constipation.

so safety concerns are likely not a huge issue here. Now, if Tenor can stop irritation of the Bells and create movement there, maybe it can create some movement in the stock. Now, where could the stock go if it gets approved? in my view, way above where it was in 2021 because back then you were earlier in the phase trials and the setup was way way way worse. But the key right now is looking for anticipatory runs towards the potential approval because often times markets like to buy the rumor and sell the news.

Okay next Ewx. Ewx. has been trending down for nearly 5 months. It's now trading at year-to-date lows, which means it's more drisk than it's been all year.

However, it's scheduled for its next FDA approval on October 26, 2023. If it gets approved, you can bet this will move up aggressively, especially now that it's so discount it. Seeing Alpha reported quote, Truest launched its coverage with a buy rating and a $25 per share price. Target Citing the prospects of its lead candidate EDG 5506 and the analyst thinks it could become the standard of care and its Niche Now why do I think that this is going to get approved? Well, because this wasn't developed in house? you see, because this was actually an investment, They bought the North American license for this from Sanera Pharma Would they have done that if they didn't see a huge Arbitrage opportunity here? I Say no I Say nay.

They know they have the money and the experience to take this to the market and that is why they bought the license. The only risk that they really took here was whether or not the FDA was going to give it that green light of approval and if the FDA does. The plan from this company is to start launching it commercially in Q1 of 2024, which is just around the corner. So I think this is a big big play right now.

Their cash position is also extremely strong. Dilution tracker shows some 40.1 months of cash left. You look at their numbers. Overall, this certainly is not a hollow.

One Drug Company They achieve record Q2 net revenues. They just raised their full year guidance. so in my opinion they have what it takes to get this drug splashing once. the FDA gives them that beautiful green light and that is why it's one of the top penny stocks for October 2023.

Okay, number three up for Wheels Up experiences. This one isn't an FDA approval setup, but rather is a stock scene. Interesting trends that you might want to look at. You see Wheels Up used to be the number 15 short squeeze setup on Fintel, but shorts have been running for the Hills.

Short sellers have been getting squeezed out all year and are running for the Hills in Mass. and I think the stock has a lot more recovery to do heading into earnings on November 8th up as a charter Airline Service a provider of on demand private Aviation as they call it on demand. Basically members access a fleet of private planes based on membership tear. How it works is you pay an Initiation fee of about $177,000 and then you do either pay as you go if you want to rent the private jets or or you do a different payment plan of which they have listed on their website.

Its parent organization is Delta Airlines As you know, a lot of people started flying private after coid and have become addicted to it. And quite frankly, even though the middle class is getting screwed in this economy, the wealthy segment of the market is still, for the most part, very, very healthy. That said, there's simply not as many new wealthy people as a result of interest rates going up. So what is happening? Well, you're getting a lot of that market.

That Grew Massively in 2020, start to steady out a lot. For example, this company reported a push back in a few different parts of their business. In Q1, the company saw negative 1% growth in active members and 133% reductions in year-over-year growth in actual flight legs. But but and most importantly, they're actually also earning 133% more year-over-year per flight leg.

So they're able to monetize each flight leg a lot better. and overall, they're building more. Revenue They're making more Moola You look at Q1 of this year compared to Q1 of the Year prior, they are making more money around 25 million bucks more so it's still seen a lot of growth even though short sellers are betting that this is going to go to zero. They drove it down violently from 15 bucks a share to 23 cents and it's been reversing all year as people realize that the rich have stayed rich and continue to spend on private travel.

and a lot of people are still hating on the stock because they think Rich folks are no longer going to rent planes and Trends are going to worsen. but I Think that that analysis is premature. In fact, that is not what the data is showing across the economy. In fact, summer tends to be the best period of time for private Airlines as people travel more and more and go to Europe more and more and so on and so forth.

Peak season actually is July and August according to privatefly decom and spring is also pretty damn hot and the next reports are going to be covering what they're going to be covering spring and summer. So those are some of the best reports. So that means that the numbers are likely going to be way better than the winter reports that we have and the winter reports weren't even that bad. And according to Dilution Tracker, they have an overall low risk of dilution, low and very limited if any offering ability, low overhead supply of things like warrants which can really screw the price and low historical dilution they have supposedly High cash need, But honestly, that isn't even really relevant because again, their relationship as basically a direct subsidiary of Delta Airlines fixes that problem.

There are a million non-dilutive ways that Delta Airlines can inject Capital into this subsidiary, and quite frankly, even if it can't I don't even know that it matters because as a trading setup, the main thing is that the company can't dilute you out or the risk of dilution is low with this stock. it's going to be very, very difficult for them to raise money because they don't have much in terms of authorized shares to offer. So to me I think that there's a reason that Shorts have been running for the hills all year and I think it's because on November 8th you're going to get that first earnings report and it's going to be a blowout. And with it being down at a fraction of what it was at just two years ago, while the company is also making progress and building its name, well, it's hard for me to believe that this won't see a big breakout soon.

and that is why it is on our list. And I want to conclude this video by reminding you the importance, the sheer importance of risk management. Spider-Man Once said that with great volatility comes great responsibility and wiser words have never been said. If you are dealing with stocks that move fast and you want these fast moves, you have to also make yourself aware that they're going to move down just as fast, if not even faster.

When you are playing with the stock market, you got to treat it like fire. Fire can be safe when it is in a controlled environment A fireplace. but the minute it goes out and spreads, it threatens to burn down the whole house, right? So you need to create a structurally solid fireplace. That means risk management, right? The dirty phrase of the stock Market Risk Management.

A lot of people say you shouldn't have to have risk management because you should just go and gamble on everything. But that is a very, very bad strategy. Risk management means a clear entry plan the stock needs to do XYZ for me to be convinced to take a position. It also means a clear Exit Plan If the stock goes down 10 to 15% breaks this or that moving average, that means what it means.

you're out. No. If ends, ores or butts, you're out. No.

Oh, I Have to hle to the Moon because user on Reddit said that. I have to. So please folks, create boundaries for yourself. Create a fireplace for yourself.

If you decide that you're going to be a person that doesn't have any boundaries. Please do not be surprised when your whole house burns down and you are left outside of it crying. And finally Quick Plug! If you want to get our absolutely free next trade idea and Report coming in a couple days, make sure to sign up for our free email reports down below. You'll absolutely love the research we have coming this morning.

We had a really good idea with CN XA which rans some 72% to highs and while we can't guarantee that they'll all be this powerful, we can guarantee that we'll do our best to present you with the best research we know how to give you. Anyways, folks that caps off today's video If You appreciate it. Make sure to hit that ravishing like button and subscribe and we will see you in the next one.