Friday, July 20, 2007

Stocks To Watch Friday July 20th 2007 - EPGL MPWE DBYC GEGP MVBY

First off a stock to avoid today is MPWE - they just filed for a reverse split of 1-1000 or 1-2000. Reverse splits are usually not good news. This holds true for MPWE. We called MPWE's 325% run a few weeks back and they could have filed for a r/s then too and we were fortunate they did not. With pennies sometimes it is better to be lucky than good. In this case the 1-1000 or 1-2000 r/s will severely reduce the liquidity of the stock.

EPGL still is poised to run. It has built up support since we selected it to run a few days back. Forum moderator Jimmybob (http://www.pennystockforums.net/) has called this stock on numerous occasions. A 130% run he called a while back happened on a Friday. Look for some action from EPGL today.

DBYC is an old pick of ours. The .0002 .0003 level is a great spot to pick up some shares for the next rally. They posted news of another profitable quarter recently and in response the stock has remained stagnant. All it will take is a little attention from investors to get DBYC rolling higher.

GEGP had over $1,000,000 traded in it yesterday. Not bad for a stock that had no bid at the start of the week. Its tough to say where this one will head. The float is supposedly a little over 200 million, but that does not align with the recent volume, unless someone is buying and selling .0002's to make it appear that there are more shares in the market. One can never be so sure of anything that goes on when trading these .0001 .0002 stocks. So be careful here and never chase.

Elvis Stock has been covering MVBY on http://wwwpennystockforums.net/ since July 3rd on his Bottom Shaking corner. The price at that time was $.89 and now it has moved up to $1.37 a share for a very impressive gain. This stock continues to increase in value. Just remember to take profits along the way.

Lets all have a green Friday and a great weekend.

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