Nightly Small Cap Business Report For September 28th BLOAQ, ELTP, TSTRQ, EGOC, EMIS

Sept. 28, 2011 - PRLog -- West Palm Beach, Fla. – Undiscovered Equities.com (http://undiscoveredequities.com) OTC Penny Stocks closing on strong gains BLOAQ, BLOAQ, TSTRQ, EGOC, EMIS despite after two days of stellar gains, the stock market was in "rest" mode Wednesday afternoon as traders tried to make sense of the latest developments out of Europe.

Market Internals

OTCBB Total Volume for 271, 413, 715 Million, Advancing Issues  310 Declining Issues 424

Pink Sheets Total volume 2.6 Billion Shares, Advancing issues 996 Declining issues 1796

The most active bullish penny stocks at the close of trading includes: BLOAQ, BLOAQ, TSTRQ, EGOC, EMIS.

1-Blockbuster Inc. (BLOAQ.PK) last .348 exploding 74.44% on massive volume of 68.8 million shares trading on the day.

BLOAQ continues to run off the Netflix hype as news last week of Dish Network announcing a new product, the Blockbuster Movie Pass, which combines the services offered by the two brands.

The company was formerly known as Blockbuster Inc. and changed its name to BB Liquidating Inc. in August 2011. BB Liquidating Inc. was founded in 1982 and is based in Dallas, Texas.

2-Elite Pharmaceuticals Inc. (ELTP.OB) last trade .112 advancing 12% on overall strong volume of 8.2 million shares at the close of trade.

ELTP had a technical breakout above the 100 day moving average. a weekly close above this mental moving average line would be extremely bullish for the stock.

Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, and license of orally administered controlled release drug delivery systems and products in the United States.

3-TerreStar Corporation (TSTRQ.PK) close .0391 soaring 226% on breakout volume of 11.8 million shares exchanging hands on the day.

TSTRQ is getting sympathy from Blockbuster ( BLOAQ) as Q  stocks have been the main focus for traders and investors at the small-cap level.

TerreStar Corporation, through its subsidiaries, engages in the mobile communications business in North America.

4-Energy 1 Corp. (EGOC.PK) last tick .0032 advancing 18.52% on steady volume of 30.4  million shares at the close of trade.

Is there another move coming on EGOC? EGOC has built a bullish consolidation pattern that is finishing up and should tip its hand as early as tomorrow. a breakout above .0035 would confirm the end of this consolidation period.

Energy 1 Corp. is an energy research and development and company and develops energy generator and storage systems. The company offers its products based on LIFE technology that uses a series for transformers, switches, reciprocal motors, alternators, and circuitry to service the load and create an energy gain that is directed into charging a bank battery in the system.

5-Emisphere Technologies, Inc. (EMIS.OB) last .1.86 jumping 7.39% on robust volume of 337, 105 shares.

EMIS had a technical breakout above the 200 day moving average and has not looked back since. a weekly close above this key moving average line is extremely bullish in the short-term.

Emisphere Technologies, Inc., a biopharmaceutical company, focuses on a delivery of therapeutic molecules or nutritional supplements using its Eligen technology primarily in the United States.

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