Penny stock list for August 12, 2008.

Penny Stocks – FVRL GRDB GSPG HTOG IFLI IRBL NCC PFB PMI PTSC PTSH QMNM RAD RDN TMA UPDV VCSY WAVE

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

Attention to these penny stocks:

FVRL – The stock touched the PAR SAR, but, was not able to break it, let’s see the next days, hold.

GRDB – The -DI reacted at the ADX line, this is good, also, the stock is almost ready to break the RSI30 line, with a little more patience, we will see a breakout in the next couple of days, IMO, hold.

GSPG – As I said yesterday, it pulled back, it will support at .045 – .044, I will buy again there.

HTOG – Recovered faster as I thought due to good news, but, was not able to break the resistance at .0155, made a very short doji, means indecision, should continue the run up, hold.

IFLI – The volume increased, but, it closed negative, still much sell pressure at this level, I will wait to see the behavior today, hold.

IRBL – Made a good candle, a bullish engulfing pattern, it should run today.

PTSH – As I said, it will not be easy to break all these resistances, but, nothing wrong with this candle, it needs just time, hold.

QMNM – Now is the moment of the truth, it is touching the MA200, it should rebound here, hold.

TMA – The stock is trading sideways and the +DI should cross the ADX line to the up side in the next couple of days, hold.

UPDV – It has broken the PAR SAR with great volume, but, the stock has broken the MA50 just to fall? I don’t believe, it should rebound here, maybe today, I will hold.

WAVE – I have bought yesterday at .895, a rebound is expected today or tomorrow, hold.

Happy trading
Dr PennyStock

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