Penny stock list for January 22, 2008.

Penny Stocks – ADVNB AIB CHTR FIG GNTA HAYZ IRE KFN LYG NRTLQ RBS SOFN SPSN SSCC UYG WAVE

Pincher Plays – APPY BAC C FITB

Stocks – ABK AMD AMR CDE CPSL CPST ESLR ETFC F FMNTQ FRPT IDEV IVAN NCC ROYL SIRI SONS

Attention to these penny stocks:

ADVNB – As I said yesterday, the stock had still room to fall, and still no signal of reversal, just to watch.

AIB – Closed positive, but, still below the HOD of the previous day at 1.82, this value is now the resistance, the breakout of this mark will be a buy signal, it has support at 1.03.

APPY – As I said yesterday, it bounced and should continue today, a run to 3.50 is possible.

BAC – Closed the gap at 6.88, but, it should fall again, I don’t believe it will reverse the trend.

C – The open above the 3.05 support and the close at the HOD suggest a reversal, but, I think that was due to the recover of the market yesterday, the DOW recovered 3.5%, lets see today.

FITB – Despite the after-hours recover, this was just influenced by the market recovery, still no signal of support.

GNTA – It’s trying to break the PAR SAR, we should see a breakout today, I will watch close this one.

HAYZ – It closed above the open, but, still below the previous close, made an equal LOD, it’s trying to find a support, still needs confirmation.

IRE – Still has sell pressure, too soon to take a position here.

KFN – It’s trying to support at the MA50, but, after a run from .57 to 2.64, it’s a little risky to buy, the sell pressure is still big.

LYG – Looks like it will bounce today, eyes on this one.

NRTLQ – As I said yesterday, the drastic volume decrease was a signal of lower sell pressure, and now the buy pressure is a little stronger, closed above the .08 support and should confirm today the support, another one that can make us money.

RBS – Confirmed support at 2.86 and will bounce today, it will run to 5, IMO.

SOFN – Discovered this one today and I like the chart, looks like a strong breakout, it’s possible a run to .004 – .006.

SSCC – It’s giving signals of strength, we are near a support point.

WAVE – I bought this stock yesterday with my $1,000,000 challenge account, at .2797, it has a little resistance at .28, but, I believe it will break it today and run further, it has resistance at .30, .37 – .39, .68, .78 and 1.31, it’s an hold.

Happy trading
Dr PennyStock

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