End of Day Report – CTIC – Cell Therapeutics, Inc. Added to Russell Indexes – Sourced WhisperFromWallStreet.com

Cell Therapeutics, Inc.,NasdaqCM: CTIC)

7.40 Down 0.46 (5.85%) 3:22pm ET

Last Trade: 1.52
Day’s Range: 1.44 – 1.56
52wk Range: 0.05 – 4.90
Volume: 14,840,176

Cell Therapeutics, Inc. (“CTI”) (Nasdaq and MTA: CTIC) announced recently that it has been added to the Russell 3000(R), Russell 2000(R) and Russell Global(R) Indexes posted by Russell Investments on June 29, 2009 on www.russell.com. Russell Investments reconstitutes its family of U.S. and global equity indexes on an annual basis.

Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the last trading day of May, ranking them by total market capitalization. Membership in the Russell 3000(R) Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. Membership in the Russell Global(R) Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

Total returns data for the Russell Indexes is available at http://www.russell.com/Indexes/performance/default.asp.

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell had more than $136 billion in assets under management as of March 31, 2009, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

About Cell Therapeutics, Inc.

Headquartered in Seattle, CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable. For additional information, please visit www.CellTherapeutics.com.

This press release includes forward-looking statements that involve a number of risks and uncertainties, the outcome of which could materially and/or adversely affect actual future results and the trading price of our securities. Specifically, the risks and uncertainties include risks associated with preclinical and clinical developments in the biopharmaceutical industry in general and CTI in particular, determinations by regulatory, patent and administrative governmental authorities, competitive factors, technological developments, costs of developing products, CTI’s ability to continue to raise capital as needed to fund its operations, the impact of CTI’s inclusion in the Russell 3000 Index, Russell 2000(R) Index and the Russell Global Index and the risk factors listed or described from time to time in CTI’s filings with the Securities and Exchange Commission including, without limitation, CTI’s most recent filings on Forms 10-K, 10-Q, and 8-K. Except as may be required by law, CTI does not intend to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.

RIM to Hold Annual General Meeting on July 14, 2009

After Hours: 69.64 0.00 (0.00%) 4:24PM ET

Research In Motion Limited (RIM) will hold its Annual General Meeting of Shareholders on Tuesday, July 14, 2009 at the Centre for International Governance Innovation (CIGI), 57 Erb Street West, Waterloo, Ontario.

A live webcast will be held beginning at 6:30 p.m. ET, which will be accessible by logging on at http://www.rim.com/investors/events/index.shtml.

About Research In Motion (RIM)

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity. RIM’s portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry’s wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (NASDAQ:RIMM – News) and the Toronto Stock Exchange (TSX:RIM – News). For more information, visit www.rim.com or www.blackberry.com.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners.

While it’s true that in some cases penny stocks have received a bad rep (boiler room stock promoters), it’s also true a tremendous amount of money can be garnered, very quickly, often within hours of the stock being issued.

There are all many types of risk takers, those who sky-dive, bungee jump, race cars, climb mountains, and YES… invest in the stock market.  Let me state emphatically that I’m not a risk taker in the stock market!  That’s because I don’t believe penny stocks are risky, not if you have the right information.

Okay, let’s use sky-diving as an example, do you consider it risky?  I know my mom did years ago when I told her I was getting ready to try the sport.  But when I explained the amount of training, preparation and attention to safety that went into each sky-dive, she (reluctantly) agreed, then walked off mumbling to herself.

How does this relate to penny stocks?  Simply this, I make my living in the penny stock industry and while I enjoy an element of risk in some of my hobbies (sky-diving, supercross, flying) when it comes to money, I’m heads up conservative and safety conscious.  No one would call me Scrooge, I certainly don’t have the first dollar I made and around the holidays, I’m right there with good cheer and gifts.

Now let me define what I mean by conservative and safe, since from my point of view, penny stocks fit perfectly in that definition.  While my parents put all their investments in blue chips, mutual funds and CDs, that wasn’t for me (I softened up a bit over the years), since I wanted my nest egg to grow quicker and I didn’t feel the interest paid on a CD made any sense, nor was I comfortable waiting 20 plus years to make my first million.

Penny stocks have a tremendous upside potential, but even with the possibilities of substantial returns; many investors run the other way.  It simply doesn’t make sense, not when those supposedly safe mutual funds are down 30% or more (there are some exceptions).  It nearly wiped out my parent’s nest egg plus some close friends, their retirement plans are delayed multiple, multiple years.

That’s not for me and I can’t in all good conscience recommend that course of action to family, friends or my members here at WhisperFromWallStreet.com

Does that mean I’m against mutual funds?  No it doesn’t, it means I’m pro diversification and NEVER, not with funds, blue chips, or penny stocks do I recommend putting all your eggs in one basket.  Penny stocks may be new companies but let’s take for example one of those companies.

Usana Health Sciences came on the market at $1.30, a true penny pick; it traded in the $50s and as this article is written the stock closed at…

23.03  -0.18     -0.78%

as of 04:00 PM EST on 02/02/2009 in USD

Obviously that is one of the winners, and had you gotten in the right time (which is where our newsletter comes in) you’d have had the opportunity to achieve wealth.  Am I recommending you buy it today?  Today it’s not a penny stock and there is plenty of main stream information available.

Did we, or would we ever recommend you sell the house, mortgage the kids, and dump it all on a company like the example above.  Emphatically NO!  That never has been or will be a WhisperFromWallstreet policy.  We believe in diversification and never putting all your eggs into one basket.  Each and every day there are new offerings hitting the street, and if you miss the Usana of today, there will be another opportunity down the line.

Bide your time, manage your investment capital and be ready to move when we give a stock alert. And when we do, use common sense in how many shares you buy and when you plan to exit your position.  Sure it would have been great to buy Usana at $1.30 then ride it to $50+, but that is not recommended.  Better to double your money, salt away a percentage, then wait for the next train to leave the station.