A Few NASDAQ Stocks on the Watchlist for Wednesday: SAPX, PPHM, and AONE

Seven Arts Pictures PLC (NASDAQ:SAPX) traded as high as $1.40 during Tuesday’s trading session and last traded at $.93 for a  of 28.28% from Friday’s close… SAPX shares have traded as high as $5.02 (with the 70 for 1 reverse split) over the past couple months, which is 81.47% off that high at last traded stock price.

SAPX was a possible winner in the chat room today as I mentioned the stock at $.91 and it traded as high as $1.40 within an hour for a possible gain of 53.84%! This stock has been bleeding out this entire year and with the reverse stock split has equaled to trading as high as $38.5 during 2012 – that is 97.58% off the year’s high!! There is no question the stock is getting cheap, but we are watching for indications of a positive reversal. It needs to find a new support level or it will be falling quite a bit more.

Peregrine Pharmaceuticals (NASDAQ:PPHM) traded as high as $3.09 during Tuesday’s trading session and last traded at $3.03 for a gain of 19.29% from Friday’s close and 62% from my article last week!! PPHM shares have traded as high as $3.21 over the past month, which is 5.61% off that high at last traded stock price.

PPHM reversed quicker than I had anticipated and I alerted the participants in chat to the fact that it was reversing that next day… Unfortunately, the lowest possible entry was at $2 even for a possible gain of 51.5% at today’s close. The stock is closing in on the breakout threshold currently priced at $3.21.

A123 Systems, Inc. (NASDAQ:AONE) traded as high as $.2323 during Tuesday’s trading session and last traded at $.2419 for a loss of 6.49% from Friday’s close… AONE shares have traded as high as $5.13 over the past 52 weeks, which is 95.23% off that high at last traded stock price.

This stock is also bleeding out and has been showing signs of heavy dillution over the past few trading weeks. We are watching this stock for any signs of reversal and it could be a few days to a couple weeks before entry!

My strategies have been refined and nearly perfected over a rocky trading experience and after my trading strategies were completely developed, I turned $3k into over $43,000 in a little over a year! I can give this knowledge to you! I will be right there to trade with you in chat if you decide to try my service!

For now: Come Follow Me on my personal Twitter page @ https://twitter.com/OliverCrowne  &https://twitter.com/StockPreacher if you like my alerts from August in the following link and try me out for free while I’m still alerting there! http://screencast.com/t/nzRry44x

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