Scoreboard - April 2

Here are the top 10 penny stocks for the first week of April:

DVW: $1.93 +85.58% (coverage - $1.04 - 1/7/2006)
NXXI: $2.15 +82.2% (coverage - $1.18 - 1/14/2006)
BPUR: $1.36 +41.67% (coverage - $0.96 - 1/10/2006)
MDII: $1.46 +39.05% (coverage - $1.05 - 12/27/2005)
TGC: $1.18 +29.67% (coverage - $0.91 - 2/2/2006)
AGT: $0.75 +27.12% (coverage - $0.59 - 2/27/2006)
CDSS: $0.57 +26.67% (coverage - $0.45 - 2/14/2006)
NERX: $1.32 +23.36% (coverage - $1.07 - 2/3/2006)
AAC: $0.42 +20.00% (coverage - $0.35 - 3/8/2006)
NGRU: $0.53 +15.26% (coverage - $0.46 - 2/23/2006)

The best stock so far is Covad Communications(DVW), the voice-over-ip service provider which we initiated coverage on January 7 of this year with a strong buy rating. Since then the stock has surged from just a little more than a dollar per share to close to two dollar per share so far as the voice over ip market has been gaining momentum.

The second best penny stock is the nutrition product maker Nutrition 21 Inc. (NXXI), which we initiated coverage on January 14 with a buy rating after the company began to ship its product to drug retailer Rid Aid. Recently the stock has reached another new 52 weeks high as the company got new purchase order from another drug retailer Albertson. For the last week of March the stock jumped 47% from the closing price of $1.46 on Friday, March 24 to closing price of $2.15 on Friday, March 31.

The third top performing penny stock worth mentioning is biotech firm Biopure(BPUR) which we initiated on Januar 10 citing positive insider activity. The stock has gained more confidence from investors after it regained Nasdaq listing compliance in late March. The stock has gained 41% since coverage.