PPHM, Bottom-Play List & Extended Watchlist

Peregrine Pharmaceuticals, Inc. PPHM

PPHM has been one heck of a play in the month and a half that we’ve been following its activity. We saw yesterday’s large gap-down as an opportunity to play a possible bounce, and indeed we were correct. The stock traded as low as .73 pre-market, with trades going off at .80 at the open. The stock then bounced back to 1.57, awarding those savvy enough to play the bounce a quick gain that nearly reached triple digits. PPHM’s ability to pad our pockets is why we want to continue to monitor the stock moving forward.

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Possible Bottom Plays

Today we thought we’d scan for stocks that are at or near their 52-wk lows, in an effort to root out some nice bottom play opportunities.

Quantum International Corp QUAN

Steele Resources Corp. SELR

Smart-Tek Solutions, Inc. STTN

Source Gold Corp. SRGL

HPC POS System, Corp. HPCS

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Extended Watchlist:
AEZS, ATRS, DARA, BRIZF (TSX: BRI), EGCT,

Midday Updates from Blue Horseshoe Stocks

Despite being in the red at present, HPCS hit a high of .0074 this morning, which signifies a titanic 236% gain from our May 17th bottom alert at .0022.

In just three weeks’ time, its hard to ask for a better opportunity than that. For the ones who didnt manage to time the day’s high, the current level still represents an 86% gain from bottom.

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Hoku Corp HOKU

HOKU appeared in our Extended Watchlist today, and is another good example of a sharply-timed bottom, having only just come off of its 52-wk low recently.

With a low-of-day at .1129, HOKU hit a high of .208, for a monster 84% intraday gain; and on the heels of our first-ever alert for the stock.

This is prime reasoning behind paying close attention to our Extended Watchlist, as it regularly yields hidden gems such as this.

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Bio-Matrix Scientific Group, Inc. BMSN

If these winners weren’t enough to satisfy your voracious appetites for winning plays, how about another? We highlighted BMSN back on April 30th, and enjoyed a big surge from the stock that day, to the tune of 82%, from .034 to .062.

It appeared in our Extended Watchlist today as well. Today, the stock was as low as .0056 at the open, and subsequently hit a high of .0118, for a mega-gain of 111%

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While other newsletters struggle to bring you one triple-digit gainer once-in-a-while, we provide the most heartily of all, with huge opportunities coming from every direction on a regular basis. We also do it with a degree of transparency which is without parallel in this business. We couldn’t exaggerate if we tried; it’s all here on our blog, for all to see.
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GMXS, HPCS & Today’s Extended Watchlist

Gemini Explorations, Inc. GMXS

GMXS has taken a backseat to a lot of our other interests lately, having been on our radar since March 21st.

The stock has been trading in a tight channel in the .05-.10 range (as you can see on the GMXS Chart), We wanted to bring your attention back to  GMXS, as it seems to be trading at a relative bottom, with support at around a nickel..

There was also news out this morning:

FORT LAUDERDALE, FLORIDA, May 16, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations, Inc. (‘Gemini’) (PINKSHEETS: GMXS) is pleased to announce that it has commenced negotiations with adjacent concession owners to expand its land holdings at the La Tapada gold project.
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HPC POS System, Corp. HPCS

We also wanted to add a possible bottom-bounce play in HPCS. Let’s keep this one on our watchlists today as well.

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Extended Watchlist:
EMWW, DOMK, ZNGA,

UNDR, HPCS, EFFI & Today’s Extended Watchlist

UnderSea Recovery Corporation UNDR

UNDR ran into a key level of resistance at .0017. We thought we might see a break past that yesterday, but alas, as we all know, no one can be right every time.

Moving forward, we’d like to see support hold above .001.

HPC POS System, Corp. HPCS

This is a momentum alert that came up on our scans yesterday after seeing a huge volume increase. HPCS was bouncing off of a relative bottom for the better part of February, and yesterday, it bumped its head into resistance at .03.

The .03’s are going to be the key resistance point after which we think the stock could really make some headway.

EffTec International, Inc. EFFI

EFFI has been under consolidation over the past few sessions after making a huge gain this year. The stock moved from .011 in January, to a high of .182 (1720%) After the expected pullback, EFFI seems to have found solid support at .13

The EFFI chart continues to set up for a golden cross, one of our favorite bullish indicators, so we want to just camp out and wait for that to come to pass.

Today’s Extended Watchlist:

AGCZ BUCS CRPZ

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