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Wednesday, 01/13/2010 8:02:51 PM

Wednesday, January 13, 2010 8:02:51 PM

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PicksThatMove.com Announces Investment Opinion on Cell Therapeutics Inc., Western Coal Corp., Hemispherx BioPharma Inc., Phoenix Energy Resource Corp. and Majestic Gold Corp.

CALGARY, Alberta, Jan 13, 2010 (BUSINESS WIRE) -- PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.

The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com

Cell Therapeutics Inc. (NASDAQ : CTIC), $1.34, +0.17, 14.53%, traded in the range of 1..18 and 1.40 closing the day on gains of 14.53%. Cell Therapeutics just announced that it has entered into an agreement to sell $30 million of shares of its Series 3 Preferred Stock and warrants to purchase shares of its common stock in a registered offering. Each share of Series 3 Preferred Stock is convertible into approximately 823 shares of common stock at a conversion price of $1.21375 per share of common stock, for a total of approximately 24,690,000 common shares. Cell Therapeutics is a biopharmaceutical industry leader with a focus on oncology drugs.

Western Coal Corp. (TSX: WTN), $3.97, +0.22, 5.87%, traded today on double its average volume ranging between 3.61 and 3.98 managing to end the day a penny under the day's high, on no news. This past December the company announced that its issuer bid for 10 million common shares, being approximately 5.4% of Western's public float has been accepted by the TSX. WTN's normal course issuer bid commenced on December 21, 2009 to December 20, 2010, unless terminated earlier by the Company. Western Coal is producer of metallurgical and thermal coal from mines in northeast BC, Canada and W.Virginia, USA.

Hemispherx BioPharma Inc. (AMEX: HEB), $0.67, +0.06, 9.84%, closed the day near its high of 0.68 on average volume. Hemispherx is a biopharmaceutical company focusing on new drug therapies for the treatment of viral and immune based chronic disorders. Earlier this week it was announced that there is an investigation into HEB for possible breaches of fiduciary duty regarding the status of its application for the marketing approval for Ampligen, an experimental drug for chronic fatigue syndrome.

Phoenix Energy Resource Corp. (OTCBB: PNXE), $0.015, +0.005, 51.52%, closed the day with an increase of over 51% in its share price with significantly higher volume then usual, on no news. PNXE's 52 week-high stands at 1.01 dating back from last February, and the stock traded today between 0.011 to 0.019. Phoenix Energy is a natural gas and oil company.

Majestic Gold Corp. (TSXV: MJS), $0.07, +0.015, 27.27%, closed on the day's high today surpassing its 52 week-high of 0.06 which was set last November. MJS traded steadily between 0.05 and 0.07 surging in volume, on no news. Majestic Gold is a gold exploration and development company with a portfolio of projects in China.

About Picksthatmove.com

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com's affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366

SOURCE: PicksThatMove.com



CONTACT:
PicksThatMove.com Joseph Smith, 1-877-292-3917 info@picksthatmove.com http://www.picksthatmove.com
Copyright Business Wire 2010

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