Stocks to Buy June 16, 2009 6/16/09

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for June 16, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 6/16/09 - Stock Market Ideas

Jazz Pharmaceuticals, Inc. (JAZZ) - JAZZ stock skyrocketed on more positive news out of the company. Jazz Pharma's pain drug significantly reduces symptoms. Shares of JAZZ traded up huge during the mid morning hours on Monday but then flat lined in the afternoon. A late day sell off below $4 is cause for concern going into tomorrow but I still think it has some trading volatility left in it. JAZZ will be the #1 stock on my radar going into the trading day on Tuesday. Discuss JAZZ

Discovery Laboratories Inc. (DSCO) - DSCO shares soared right after noon on Monday....not sure whats going on with this stock buy positive news could be on the way. Discuss DSCO

Theragenics Corp. (TGX) - TGX stock exploded higher during the trading session on Monday. The company will be giving some presentations this week. Keep an eye on it.

Cyclacel Pharmaceuticals, Inc. (CYCC) - This little biotech stock has been making huge gains lately. Sapacitabine has been showing some positive signs in the cancer drug field.

SpongeTech Delivery Systems, Inc. (SPNG.OB) - SPNG stock was all over the place on Monday. Shares opened around $0.19, fell to $0.11, then rallied back to $0.17 before falling again. I continue to watch this stock but will be waiting for it to settle down. I would be a buyer below $0.10 however. Join our SPNG group

Short ETF's: Most of the short ETF's were higher Monday as the stock market fell big. Here is a list of short etf's i'd consider buying if I needed protection on my long positions or wanted to bet on a further decline in the stock market.

UltraShort Real Estate ProShares (SRS)
Direxion Daily Emrg Mrkts Bear 3X Shares (EDZ)
UltraShort Basic Materials ProShares (SMN)
Direxion Daily Energy Bear 3X Shares (ERY)
Direxion Daily Large Cap Bear 3X Shares (BGZ)
UltraShort Oil & Gas ProShares (DUG)
UltraShort FTSE/Xinhua China25 Proshares (FXP)
Direxion Daily Large Cap Bear 3X Shares (BGZ)


Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS broke through previous support of $9.82 so I am watching the next area of importance which would be between $9.30-$9.40. If you have been wanting to play FAZ over the past month....now is probably your best time since the market is getting hammered and FAS is starting to crack.

Citigroup Inc (C:NYSE) - Citigroup was breaking down along with the financials on Monday. John Najarian of CNBC's Fast Money said that he would not be buying financials until after Barack Obama makes his speech on Wednesday. Citigroup tested support of $3.32-$3.34 on Monday and so far it held. If $3.32 is broken, the next area of importance is $3.26 and then you would most likely see Citi stock retest $3. Discuss Citigroup

United States Natural Gas (UNG) - A lot of people continue to be bullish on Natural Gas and Monday we saw a lot of strength despite oil and gold falling. This is very bullish going forward. Keep in mind, the roll over continues until June 17th so watch out for more volatility ahead. If you are looking to buy actual natural gas stocks - Jim Cramer recommended Chesapeake Energy Corporation (CHK) - Ultra Petroleum Corp. (UPL) - Southwestern Energy Co. (SWN)

Hemispherx Biopharma, Inc. (HEB) - HEB stock continues to trade in the mid to upper $2's. Still waiting on the delayed FDA decision on drug Ampligen. The company notes in a recent interview that 80% of applications at this stage get approved.

Cell Therapeutics, Inc. (CTIC) - Cell Therapeutics on Preliminary List of Additions to Russell 3000(R) Index and Russell Global(R) Index - I will buy CTIC stock when it breaks above $1.85

Other Stocks to Watch - June 16, 2009

Aerosonic Corp. (AIM)
Aeterna Zentaris Inc. (AEZS)
MAP Pharmaceuticals, Inc. (MAPP)
American Capital, Ltd. (ACAS)
Huntington Bancshares Inc. (HBAN)
Rambus Inc. (RMBS)
Arena Pharmaceuticals, Inc. (ARNA)
Sequenom Inc. (SQNM)

Penny Stocks to Watch - 6/16/09

Hanmi Financial Corp. (HAFC)
Glu Mobile, Inc. (GLUU)
Active Power Inc. (ACPW)
CEL-SCI Corp. (CVM)
NaviSite Inc. (NAVI)
XOMA Ltd. (XOMA)
Eddie Bauer Holdings, Inc. (EBHI)
SMF Energy Corporation (FUEL)
HSW International, Inc. (HSWI)
Altus Pharmaceuticals Inc. (ALTU)
Aries Maritime Transport Ltd. (RAMS)

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