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Cell Genesys (CEGE) bouncing

After the hard hit Cell Genesys (CEGE) took yesterday, the dead cat bounce is in full effect, currently +21% to 95c.

While the company has $166M in cash, so there is no immediate danger of going under, which leaves this open to big swings like today.

More discussion on the CEGE message board.

Voyant International Corporation - VOYT

VOYT is up 5% today on news that its RocketStream software is being used by several Taiwanese television stations to transmit to television footage of the 2008 Summer Olympics.

Penny stocks on the move: FOUR, TGIC, XFMl, NEXC, BWMS

4C Controls (FOUR) hit +22% today on over 971k shares, making it one of the more active movers today. FOUR is fighting against some public attacks on the company, investors reacting favorably.

TGIC is up 11% to $1.86

XFMI +8% to $2.66

NEXC firing on all cylinders with a +40% gain to $0.49.

BWMS hitting +30% to $2.08

More on these stocks at the Penny Stocks message boards at HSM.

Penny stocks to watch

ATML is hitting +5% in early morning trading, currently the dollar volume leader on the boards

PEIX firing up a 14% gain to 2.16.

WZEN not far behind with 10%.

PLNR is up 14% on news:

Planar Systems, Inc. (NASDAQ:PLNR), a worldwide leader in specialty display systems, today announced it has been awarded a digital display contract by the leading provider of television networks at retail, Thomson’s Premier Retail Networks, Inc. (PRN). In alignment with Planar’s corporate strategy to provide innovative display solutions for retail applications, PRN chose Planar for its unique ability to provide a myriad of specialty displays that meet the exact requirements of PRN. Under the agreement, Planar will provide customized small format touch-screen displays and customized large-format displays.

Most active penny stocks

Todays movers include:

VRNM +51% to $3.07 after a deal with BP

AGIX +16, no news here.

ALTI +9% to 2.68