StockMagnet plays

[StockMagnet]

SOEN.OB (Solar Enertech) looks to be making a move. Currently closed at .25 on 6/2/09. It has the "three white soldiers" candle formation. Look for a move above .25.

SOEN - SharpCharts from StockCharts.com

[StockMagnet]

SOEN.OB continues its move up to close at HOD of .28, up 12% from .25 call earlier this week. It has crossed above the ema200. Next resistances are .32, .37, and .40. Support must hold .23

SOEN - SharpCharts from StockCharts.com

[StockMagnet]

SOEN.OB on 6/8/09 continues it's move up hitting a HOD of .33, but finally closing at .30 (up 7%). If you are satisfied with your 20% profit from .25 call, lock it in! It is possible that a double top has occurred. Will need to see tomorrow's action for confirmation. Resistance is now .33, .37, .40. Support is .26 and .24.

SOEN - SharpCharts from StockCharts.com

[StockMagnet]

SOEN.OB on 6/9/09 continues it's move up with increasing volume, breaking the .33 resistance, and closing at it's HOD of .349 (up 16%). If you are satisfied with your 39% profit from .25 call, lock it in! Resistance is now .37, .40. Support is .32 and .26.

SOEN - SharpCharts from StockCharts.com

[StockMagnet]

SOEN.OB on 6/10/09 continues it's move up inching up a little over a penny to close at it's HOD of .36 (up 3%). It is looking a bit toppy now, so if you are satisfied with your 44% profit from .25 call, lock it in! Resistance is still .37, .40. Support is .32 and .26.

SOEN - SharpCharts from StockCharts.com

[StockMagnet]

Hope all who played SOEN.OB took my advice and got out yesterday or today. After hitting .36 again, it could not break and went down to close at .32. Could be just a pullback as it is making higher lows. I am officially taking it off radar. It was a nice play folks.

SOEN - SharpCharts from StockCharts.com

Be sure to get in on the next StockMagnet play.

[StockMagnet]

SPPI (Spectrum Pharmaceuticals) has 2 drugs in the pipeline waiting for FDA approval. The first is Zevalin for non-Hodgkin's lymphoma which has a date of 7/2/09. The other is Fusilev for colorectal cancer which has a date of 10/8/09. SPPI has more than tripled in the past 3 months on speculation of approval and has been staying above the 10 day MA. It looks like it is ready to continue going. If the first drug is approved, this thing could see $10 easily, possibly even $15 or $20. If the second drug is also approved, this thing could add another $5 to $10 on top.

The good thing about SPPI is that you can also play options on it if you want to hedge.

FDA plays are highly speculative and risky, but the reward can be huge.

SPPI - SharpCharts from StockCharts.com

[StockMagnet]

SPPI on 6/12/09 had a nice gain of .48 (almost 9%) to close at 5.83

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, take it. You never know what will happen.

SPPI - SharpCharts from StockCharts.com

[StockMagnet]

SPPI on 6/15/09 had a gain of .32 (almost 5%) to close at 6.15. It ran as high as 6.35 before settling back to close at 6.15. From the initial call at 5.35 close on 6/11 to closing today is a total gain of almost 15%

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 from StockCharts.com

[StockMagnet]

SPPI down 7.48% to close at 5.69 on news of the company raising $10m from institutional investors at $5.83/share. Despite the pullback, I am still bullish on the stock. We may see a continued pullback at first, however as we approach the 7/2 deadline for the first drug, I believe the PPS will rebound back up.

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 from StockCharts.com