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.

____

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

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