Libya Unrest And to Buy Penny Stocks-Part 2

Investors and traders would relieve a little when the stock market rebounded and stocks up Friday because of oil prices stabilized. The three indexes begin to up after the worst drop in this week.

Since this week, investors got headache with the Libya unrest and effect to buy penny stocks.

The Dow Jones industrial is up 61.95 to almost 12,130.45. The Standard & Poor's 500 (S&P) is up 13.78 to 1,319.88. The Nasdaq composite is up 43.15 to 2,781.05.

However, because of Libya unrest, the three indexes are still down. Investors are worried about the unrest will spread to other countries in Middle East. If that happens, oil price will up too.

Now let's see four penny stocks traders.

- Assured Pharmacy Inc. (PINK:APHY) is up 108 percent Friday at $0.0073 with an intraday high of $0.01. APHY has traded nearly 20 million shares. It is possible to pump or rumors around the stock market.

- Shares of Bayside Petroleum Co., Inc. (PINK:BYSD) are up 50 percent in midday of Friday trading at $0.0021 with an intraday high of $0.0033. BYSD is having a monster volume day with nearly 67 million shares traded, well above its daily average of around 3 million shares.

- EarthBlock Technologies Inc. (PINK:EBLC) is up 75 percent with over 16 million share so far Friday. EBLC is currently trading at $0.014 with an intraday high of $0.015.

- United Western Bancorp, Inc. (PINK:UWBK) is trading up 50 percent at $0.084 with an intraday high of $0.095. UWBK is trading about 4 times its daily volume with about 2.5 million shares traded so far today.

Source: Stock Professors, Yahoo! Finance