stocks covered in this post: SPPI, SOEN, EXPH, and FLIP (new)

1) SPPI took a tumble today, down $1.06 or 13.86% to close at $6.59 as the company had another equity offering at $7.15. That is the smart thing to do just in case the first drug is not approved. I am still optimistic though.

Awaiting the FDA decision for the first drug by 7/2/09 and the second drug by 10/8/09.

FDA plays are highly risky, so if you have enough profit (or loss), take it. You never know what will happen.


SPPI - SharpCharts Workbench : StockCharts.com


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2) SOEN went down a tad again, down .015 or 3.45% to close at .42.

Support at .40 and .36.
Next resistance is around .60.

SOEN - SharpCharts Workbench : StockCharts.com


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3) EXPH down .0002 or 7.41% to close at .0025. Still not sure what it will do as it did not make a higher high, but it did make a higher low.

Support is at .002, .0016
Resistances are .0028, .0038, .0044, .0065, .014, .025, .035


EXPH - SharpCharts Workbench : StockCharts.com


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4) FLIP is a new stock that I am covering in this post. I believe that it is about to break .0009 resistance and will break out. It should be good for a daytrade or swing. Watch to make sure that .0009 is broken first to confirm the breakout. If broken, next resistance is around .002, then .0025, then .007ish


FLIP - SharpCharts Workbench : StockCharts.com