So in this video, you are going to be learning about the top seven penny stocks for May 20 2008. Such trash companies. Don't you know that penny stocks are fraudulently? You get a lot of bad publicity and that's rightfully so. They tend to be very spiky and they tend to sell off right after spiking.

But the ones that we actually talk about in these videos are ones that are going through the FDA approval process. Have earnings Catalysts have rapid insider buying or have something big to announce. For example, in April's Top Penny Stocks video, we introduced a Ytu. We talked about how they were a virus treatment stalk and how it was subject to spiked ability.

Based on news, Catalysts related to that. Then when the next news catalyst dropped it, doubled in price. Another example from last month's Top Penny Stocks video was Excess Pa. We introduced excess Pa when it was trading at 21 cents.

We talked about how excess PA is another beer bug company that spikes massively on news. We announced that here and then it ran up over 300% over the course of two weeks. Another one that we talked about in last month's Top Penny Stocks video was Opk. We talked about how Opk ran up massively on news and that the sell-off below its pre cannabis value provided great opportunities and likewise, Opk Rihanna massively over the next couple weeks.

However, don't be fooled, just because I called out these picks ahead of time. and just because they provide a great opportunity doesn't mean that you would have been able to catch that in order to actually make money. Trading these moves your going to you to have a plan because these are the ones that worked out. but how are you going to control for the ones that don't work out? For example, if you look at LK LK was one of our other previous picks.

Okay, got halted due to investigation of fraud just a few days after I announced it. So while there is great opportunity with trading these stocks, you're going to need to trade them with a plan. Not having a plan is really the stupidest thing that you could do when it comes to the stock market. But of course there is one stupider thing and that is failing to hit that ravishing like button.

Make sure to do that if you haven't already. Okay, but before we get into it I do want to do a quick plug. So for folks who are wondering what broker to Drake these stocks on and for the broker curious amongst you I always like to send new traders over to Weibo They have a very very powerful platform, it's completely commission free, and they have a ton of great scanning tools such as After Hours runners pre market gainers, and a great earnings calendar for folks who like to trade earnings releases. And if you sign up with our link in the description below, you will get not one but two free stocks.

Pretty good deal for trying out a great and powerful broker, ain't it folks? Ok so to start Clvs. So Clvs will be receiving their FDA approval decision on May 15th, 2020 for their drug for prostate cancer. Now for those of you who are unaware of how the FDA approval process works and how that actually affects share prices, take a look at ITC I ITC I Ran up from $12 to $43 after this FDA approval a few months back and this is one of the ones that we actually covered. But FDA approvals are the gold standard in terms of catalysts because that means a new drug is entering the market and that creates a massive amount of fluctuation.

But back to the company, Clovis Oncology ran up massively in the fall due to anticipation of drugs in their pipeline and if they get their approval, Clovis would have the first targeted therapy for prostate cancer, which unfortunately is a market that's growing quite rapidly. This is one of the fastest growing cancers needed to be treated in much of the Western world. and given the fact that FDA approval is coming mid May we now have this opportunity where we are a decent amount below even where the anticipatory run happened here. That makes it so that we have a lot more upside as compared to well.

Downside: if we do see a catalyst and if we don't see a catalyst, it's is still a play that has tons of other drugs in the pipeline. so it's less likely to totally poop out. But Charlie I Want to hear what the monkeys are saying? What are the monkey saying? Well, our lovely monkey slush analysts are giving it an average price targeted around $20 which is a little over a hundred percent of upside. but monkeys or monkeys don't trust the monkeys.

But anyways, the way we play FDA approvals is by playing off the pre anticipation run and the news. Once it comes out, play the pre reaction and the post reaction. If you hold through the news, that's going to be messy because we don't know if it's going to get approved or not and a lot of times if the pre anticipation run is enough and it gets approved, it'll get beat down because everybody already factored in the approval sadly. I Get tons of people who are really frustrated because a stock has good news and then it gets beat down and like, what what? This doesn't make any sense, but it's like okay, but if everybody knew that the good news was coming out, that means that they bought in before and then when the good news came out, they wanted took their profits.

So it's not surprising. unanticipated. good news is the one that runs up the most, but pre anticipation runs can give you part of the move. but think the key is to play the pre anticipation run and the post news run.

Okay, next inu now Inu is one of the companies that is considered to be the front-runner for the beer bug vaccine. They are currently in trials and over the last few days analysts across the board have been upgrading their estimated long-term price targets. The monkeys are going crazy even though he knew as a whole has been selling off. but this is a unique opportunity because Inu is making bold claims about their vaccine while short sellers are piling on top of it causing the price to sell off.

But the thing is Inu also gets a ton of media publicity and has insane spiked ability on really anything related to positive success of that vaccine. And if you combine that with the fact that we are trending down if something came out that was even a smidgen as good as this original run up here, that would make a ton of short sellers have to cover because if you're shorting something, that means that you're betting that the stock price is gonna go down and if you're betting that it's gonna go down and all of a sudden it goes up, you have to cover your shares, which causes the stock price to run up even more. This is what's called a short squeeze, but you combine this with the fact that Inu has the ability and the power to hype their share price based solely on the fact that they are on their race for the vaccine. and you have the perfect storm.

And while a lot of people get upset because they don't really understand how you can make money off a company that doesn't actually have a successful vaccine, well, it's because companies don't run up based on whether it's successful or not they run up based on whether people think it's successful. So that's why you have all these different companies that are running up because people are typing them up the idea that a company needs to have a successful product in order for their stock price to go up. Well, that's that's a sick joke. These doubling run ups here and hither weren't because they magically came out with a vaccine, but rather because people hyped the candidate that they were working on.

Okay, next. I Hate to bring this one up again, but a y tu a y tu continue to be able to garner massive attention and thus creates run-ups in investor sentiment. This is the company that president Trump was touting with the light therapy UV therapy for the virus and while this does sound a bit kooky, can't deny that the ability to have a media catalyst like this makes a Ytu an insanely fun opportunity to trade. And don't forget while a white EU is getting all of headlines based on the UV treatment behind the scenes, they are actually pumping out tests.

So this is a company with massive fluctuation that tends to react over and over and over again to news and will continue to have opportunities this month as a result. Okay, so a Q S T AQ S T will have their FDA approval decision for their Parkinson's disease drug on May 21st. AQ St has proved itself to be relatively reactive to news events as you can see positive catalysts caused rapid spikes here here here and Heather and negative news caused negative crashes here here and here. We like this because if a stock has a previous pattern of reacting to news, we know that it's more likely that it's going to react to news in the future.

If you're trading a stock based on news and it doesn't react to news, well, that's pretty useless. So we want it to react to news and the analyst slash monkeys are giving it upside to $17 which is, of course, a whopping 300 percent of upside. Now, sadly, one of the things that a lot of new traders do is they look at these monkey opinions and they say oh well, The analysts these fancy pantsy analysts are saying that the stock is worth so much. So I better buy it because they know better than I.

But the truth is, these analysts, they hype everything. They would hype their own mother if it was profitable. But the thing is, they don't put their money where their mouth is. They just put out analyst price targets based on sometimes what's honestly ulterior motives such as contracts to help create good publicity for certain companies.

But at the end of the day, there's always a hidden agenda. Why are they putting out these price targets if they don't put money in it? So take everything from analyst monkeys with a grain of salt. But don't get me wrong, understanding where the analyst monkeys are making their price targets is useful because a lot of the sheep follow them. It doesn't mean that you should buy in though.

just because something's high, it just means it's one elevating factor. Also, quick plug for folks who are looking to forge growth in their accounts. During this lockdown period, we are still offering $50 off Zip Trader you for folks who type in stay Home 20 20 at checkout. If you are looking to learn how to trade, make sure to check out Zip Trader Ucomm or click the link in the description below.

Of course, though, everybody learns differently and perhaps you don't actually like my teaching style. so that's why it's important that you go and familiarize yourself with our content and the content offered on the Zip trader. Use sales page to really understand whether or not we are a good fit now. VXR Tea has been a bit of a sly puppy the slighest of puppies folks.

They are one of the more quiet candidates in the race for the beer bug vaccine, and while many would have been turned off by this massive fluctuation, this is actually perfect for traders of course. And don't forget. VX TX While it has gone up and down like a bouncing ball or jumping kangaroo, but it has pointed up overall this strong upward trend combined with the fact that we are getting closer to few long directional ISM, it means that we'll be going back to getting a better deal and we'll have more upward potential as compared to just buying in when the move has gone up already. A lot of people like to buy stocks when it's like really overpriced like right here and they're like oh well.

It makes sense for me to buy a stock here because it's gone up so much. obviously it has to keep running, but what you're doing is you're buying it when it's more expensive. If you buy it when it actually goes down to a baseline where it tends to go back up again afterwards, then hey, all of a sudden you're in this area where you have more upward potential. But if you buy it when it's already like halfway up the move or all the way up to the top, it's like, well, where's your upside right? Where is your upside? Find a place to play the catalyst that's actually a good deal.

Okay, next Evie FM Now they will have their FDA approval on May 25th for their well, we'll just say contraceptive gel. I Don't love their charts. It's very low volume and so you're going to be seeing these sporadic dirty little movements. But boys and girls, we don't like dirty price action.

It's dirty. It makes me want to crawl up into a ball and die. Is this a chart that you'd be proud of trading? I Don't think so folks. I Don't think so.

But you see on days like these where we have catalysts EFV M has shown a massive increase in volume and thus this will likely provide a great opportunity as we get closer to the FDA approval date. One of the problems that I find with a lot of new traders who I work with is that they have very, very low standards for what stocks they're buying. If you have low standards, you're going to get low results. So what I always recommend is that you trade like a spoiled brat.

It's pretty much a cliche on this channel now, but what a lot of people don't understand is that if you're not trading like a spoiled brat, you're going to be trading for a spoiled brat. You're going to be losing money on all of your trades and you're going to make the other person richer. So folks remember, trade like a spoiled brat. only trade the best of set ups.

Please understand that settling for a not-so-good setup? Well, that's pathetic. Okay, lastly, quick bonus: I AG Now I AG is a gold stock that is a little bit different than our usual penny stock picks. This one actually has a consistent uptrend pattern. and as uncertainty grills in the overall market, we are likely to see continued influxes into gold.

But the one thing that I'd keep in mind is that this would be best bought at fair value. We like to get a good deal if it's below a good deal. that's even better. Remember the RSI is what we use to determine whether or not something is a good deal or not.

If it's oversold, that means hey, well, it looks like based on the previous price rank, that, hey, it's trading pretty low. And if it's fair value, that means okay. Well, we're sort of in the range where it makes sense to buy it if there's other elevating factors such as strong price strength, or such as another catalyst. But it doesn't always make sense, right? So what you're doing is you're stacking all of your elevating factors to determine whether or not something is a good deal.

But something like this that's been consistently going up is fantastic. Because if it does take a slight dip and then returns going up, we have a great opportunity to buy in at a good deal and then run the extra price ranks. One of the things that makes me really sad is when I see people and this happens like every video I'll see people, they're like oh I'm gonna put a ton of money into this random stock that I've watched on Charlie's video and then I'm just not going to do anything with it. But if you look at almost all of the previous picks that I've ever had, almost all of them if they provide a huge run-up, they're going to sell off right after.

So the idea that you can get away with doing this is really just a joke. Remember, if you can't replicate your success on one trade over many trades, well, you just failed and randomly buying in and making a profit isn't a replicable strategy. Okay, well anyways, folks, I do hope that this video was valuable to you. I do want to remind you to go out and do all of your own due diligence at the end of the day I make these videos not to tell you what to buy, but rather to empower you to go do your own research and put your own effort in Because at the end of the day, just relying on me isn't a sustainable strategy.

You want to rely on your own diligence and of course, you always want to trade like a spoiled brat. Okay folks, well if you have any questions, feel free to reach out to us in the comment section below. what are you watching this week? Let us know in the comment section below. Also, if you'd like to keep up to date with all of our picks, make sure to join us in the Zipp Trader Circle Facebook group.

We post lightly watch lists every night there so if you are looking for easier ways to find stocks to trade, you can join us there. Side from that. If you are looking to learn how to trade from the ground up, we are still offering $50 off of Zip Trader You if you type in coupon code stay home 20 20 at checkout. Anyways folks have a great day and I'll see you in the next video.