Biotech Penny Stocks to Watch: Key Takeaways
- Stock #2 is my top biotech watch this week and it’s on multiple millionaire traders’ radars…
- A huge catalyst for stock #3 could come out this week!
- If you like listed stocks and multiday breakouts, don’t miss stock #1…
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This week’s biotech watchlist has something for everyone — OTCs, listed stocks, a potential technical breakout, and an upcoming catalyst. Plus, stock #2 has the attention of multiple millionaire traders. Several alerted their positions last week. Read on for where to find these millionaires and get their next hot alert…
- Karyopharm Therapeutics Inc. (NASDAQ: KPTI … read my analysis here.)
- Regen BioPharma, Inc. (OTCPK: RGBP … read my analysis here.)
- Innovation Pharmaceuticals Inc. (OTCQB: IPIX … read my analysis here.)
Just expect the absolute worst out of everyone/every play & then the only blame possible for any big losses rests on your shoulders which is accurate. Learn to cut losses quickly & be safer, you do NOT have to risk a lot to make a lot over time, gamblers always blow up in the end
— Timothy Sykes (@timothysykes) November 5, 2021
What Are Biotech Penny Stocks?
Biotech penny stocks are stocks of small, developmental companies. These companies are usually desperate for cash. They need it to continue developing products and for testing and trials. Trade them with caution…
They’re known to be extremely volatile. One minute they’re flying high on positive news — the next they’re down due to bad trial results, side effects, or stock dilution.
That’s why I ride the hype but never believe it.
Penny stocks are some of the sketchiest stocks in the market. But I know how this niche works. I’ve been trading penny stocks for 20+ years…
I started trading in high school. By the time I graduated college I had grown my small account from $12,415 to roughly $2 million. Read all about it in my best-selling no-cost book, “An American Hedge Fund.”
I’ve now made over $7.2 million in profits. And I teach students how to trade with a small account in my Trading Challenge. I have 20+ millionaire students. Find out if you’ve got what it takes to be next…
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Students get access to all my top trading education resources — including daily watchlists. But successful traders learn how to build their own. So study up and learn the reasons behind my stock picks…
Top Biotech Penny Stocks to Watch
This is a watchlist only. There’s no guarantee these stocks will offer a trading opportunity. Keep them on your watchlist, but only trade when you see YOUR best setup. When there are no truly great trades, use your time to study.
- New to penny stocks? Start with my FREE online guide here.
- Learn how to build your own stock watchlist here.
- Brush up on your pattern knowledge here.
Now, let’s get to the top biotech penny stocks to watch this week.
The $ you make trading adds up gradually over time & the profit curve of EVERY successful trader I know speeds up dramatically only after several years. So listen to my veteran tips for once & prioritize refining your process/risk management first, consistent profits come later!
— Timothy Sykes (@timothysykes) November 7, 2021
Biotech Penny Stocks #1: Karyopharm Therapeutics Inc. (NASDAQ: KPTI)
KPTI develops a variety of cancer treatments. It’s not a penny stock, but it’s on my watchlist anyway. It’s proof of how high some of these speculative runners can go.
Key points about KPTI…
- KPTI went from $6–$8 after reporting earnings on November 3.
- On November 4, the company announced Phase 2 trial data for its bone marrow cancer treatment was selected for a presentation at an upcoming exposition.
- The daily chart is set up for a potential multiday breakout over $8.60.
I’ll watch KPTI for a dip buy into a big morning panic. I’ll also watch for a breakout over $8.60, ideally with a catalyst and big volume. But these higher-priced spikers aren’t ideal for me — they can move FAST. If I do take a trade, it’d be with a small position only.
Biotech Penny Stocks #2: Regen BioPharma, Inc. (OTCPK: RGBP)
RGBP develops regenerative stem cell medicines and applications.
Key points about RGBP…
- On November 4 the company filed an 8-K noting a patent grant for its cancer treatment.
- It also filed this 8-K disclosing it paid debts by issuing shares on the same day.
- On November 5, my millionaire students Mari, Jack Kellogg, and Kyle Williams all alerted they were holding it over the weekend in StocksToTrade’s Breakouts and Breakdowns chat room.
On Monday, RGBP gapped up and spiked higher. But the intraday breakout failed in the afternoon, and it faded. It’s my top watch for a dip buy into any big morning panic.
Biotech Penny Stocks #3: Innovation Pharmaceuticals Inc. (OTCQB: IPIX)
IPIX develops inflammatory disease treatments.
Key points about IPIX…
- On November 3 the company announced it will release results from its COVID-19 treatment Phase 2 trial the week of November 8.
- The stock’s a recent multiday runner that had its first red day on November 5.
IPIX is a speculative watch for a reaction to the Phase 2 trial result announcement. I’d like to see more volume come in before planning a trade.
Get the List of Penny Stocks I’m Watching Delivered to Your Inbox
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I’ll say it again … The stocks on my watchlist aren’t an automatic buy. Remember to do your own due diligence and research. If you’re trading without a trading plan, you’re gambling. Don’t be a degenerate gambler — trade smart!
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Biotech Penny Stocks: The Bottom Line
Biotech penny stocks are some of the sketchiest stocks in the market. They can have huge price swings on positive or negative news. But if you’re prepared to take advantage of the volatility, these stocks can offer great trading opportunities…
I teach students how to take advantage of volatile penny stock moves in my Trading Challenge.
It’s where all my millionaire students refined their strategies. Students get access to all my top trading education resources — my DVDs, thousands of video lessons, and weekly live trading and Q&A webinars.
But I don’t accept everyone. I only want the most dedicated students. Are you ready for the Challenge? Apply today.
What are your top biotech penny stocks to watch? Let me know in the comments … I love to hear from you!
The post Top Biotech Penny Stocks to Watch — November 10, 2021 appeared first on Timothy Sykes.