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

1) SPPI took another fall today down $1.10 (16.9%) closing at 5.40 after the FDA requested more info about Zevalin. The company is supposed to respond by Wednesday 7/8.

The FDA decision date for the second drug is 10/8/09.

Hope you all took some profit when it was in the $8's last week. Like I say with all FDA plays, they 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 bounced off the 10 dma .39 and came back to close at .42, down .02 (4.55%). See if .38 support holds or not, otherwise it will be taken off radar.

SOEN - SharpCharts Workbench : StockCharts.com


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3) EXPH broke 002 support and hit .0018, but bounced back to end the day down .0001 or 4.35% to close at .0022. I am taking it off radar, unless it comes back to break .0028 resistance.

EXPH - SharpCharts Workbench : StockCharts.com


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4) FLIP closed the day even. It has a wide spread and not much volume. If volume starts coming in or it breaks .0015 resistance, then I will put it back on radar, otherwise I am taking it off radar.

FLIP - SharpCharts Workbench : StockCharts.com