|Revisiting July Stock Picks|
|Friday, 24 July 2009 08:50|
Lucky 13 Buys was posted at my Instablog on July 7, 2009. Since that time, some of the companies have made impressive runs. Spectrum Pharmaceuticals: Oversold and Undervalued was published on July 14, 2009. In that article, shares were indicated to be oversold and undervalued at $4.98. Since that article, shares of Spectrum Pharmaceuticals (Nasdaq: SPPI) have advanced 27.11%.
Worth noting, I believe SPPI has a great deal of upside from yesterday's close of $6.33. I have placed a price target of $31 for shares of SPPI over the next 12 to 18 months. For details on how I arrived at the $31 price target, please refer to this article.
Below, the list of July's picks and their returns thus far:
Disclosure: Long SPPI