Penny Stocks On The Move - BPUR, BSML, BWEB, OTD

• BriteSmile Inc. (BSML): honestly we didn't expect the Walnut Creek, CA based teeth whitening product maker would be this good when we initiated the coverage on it back in January at $1.21 per share even till Wednesday when we upgraded the stock to Strong Buy. Will this is probably a dream come true for those who have bought the stock back then as it on Friday surged 16.22% or 30 cents to $2.15 and then 57.21% or $1.23 to $3.38 in the after hour on a $4 bid from Futuredontics. The stock has now gained 179% since coverage and 86% since we upgraded the stock on Wednesday. Maybe this is why the director had been buying the shares like crazy at the end of May and early June. The surge on Friday was drove by the surprising news and it could fluctuate even more as the company added more spices to the headline by rejecting the bid on Sunday. The stock on Monday will move based on the news so the technical analysis at this time donesn't mean anything. But conventional wisdom it probably would be better to stay on the side line at this point until the whole hype cools down. And for those who've followed our advice and have earn tons of $$$ already? Maybe you want to cash some of the gains and treat yourselves with a nice French crusine since you are the biggest winner on the generally negative market. [Hold]
• Biopure Corp. (BPUR): after two weeks of slide which send shares of Cambridge, MA based biotechnology company below 200 day moving average, the stock caught a break on Friday by adding 7.01% to $1.07 per share and is back to the key 200 day moving average again. Despite weakness from MACD as both MACD and signal line are still below 0, rising K line which is above D line, indicating buy signal, is fueling the surge. If the stock can continue to go higher, it has the change to be back to bull market again. The coverage on the stock began in January 96 cents per share.[Hold]
• BackWeb Technologies Inc. (BWEB): now it is three in a row for the San Jose, CA based application software maker BackWeb Technologies as the stock soared 14.71% or 10 cents to new month high of 78 cents per share. The surge was still due to the rising KD where K line is on top of D line indicating buy. Now the stock is back to the positive territory above 50 day moving average and has the chance to be back to bull market as MACD is about to be back above 0. [Accumulate]
• O2Diesel Corp. (OTD): this looks like the two months of sell-off may be over for the Newark, DE based clean diesel technology company as stock surged 11.61% or 13 cents to $1.25 per share. The stock is still weak as it is trading in between 50 day and 200 day moving average with MACD and KD still showing weak signal as MACD below 0 and K line below D line. Hopefully the low ROC and forming of W shape could begin to attract more bargain hunters. [Accumulate]