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Beacon Research Issues TraderNotes on BSRC, BOLV, QTEK, AVNX, CHTR for January 10, 2008

Today’s TraderNotes include: BioSolar, Inc. (OTCBB: BSRC), Bolivar Mining Corp. (Pink Skeets: BOLV), Quintek Technologies, Inc. (OTCBB: QTEK), Avanex Corporation (Nasdaq: AVNX), Charter Communications, Inc. (Nasdaq: CHTR)

BioSolar, Inc. (BSRC) TraderNote – BSRC Capitalizes on Cost Advantages to Current Petroleum Based Solar Cell Products

BioSolar, Inc. (BSRC) closed yesterday at 1.14, a positive change of 0.08 or an increase of 7.55% from the previous close of 1.06.  Share prices yesterday hit its year high level of 1.14, targeting next resistance levels.  BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components.  In yesterday's daily chart, BSRC's RSI is in the positive zone of 79.69, a bullish indication, with no confirmation of an overbought condition.  MACD likewise is positive, with the 12-day (fast) EMA at 0.110 trading above the 26-day (slow) EMA at 0.092, indicating a bullish signal.  Slow Stochastics is likewise positive, indicating a bullish trend with %K at 97.47 and %D at 96.06, respectively.  With no strong resistance ahead, the next level to watch for today is 1.20.   

Bolivar Mining Corp. (BOLV) TraderNote – BOLV Introduced New Chief Mineralogist and Geological Officer 

Bolivar Mining Corp. (BOLV) closed yesterday at 0.19, a positive change of 0.05 or an increase of 34.29% from the previous close 0.14.  Bolivar Mining Corp is a metals mining and exploration company engaged in global mining projects in over seven countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably or have overlooked, thus allowing access to bring rich mineral reserves to the global market.  Recently, Dr. Robert B. Cook, Jr., an esteemed authority in his profession, has joined the BMC Group as their Chief Mineralogist and Geological Officer, to play a significant role in locating and evaluating mining opportunities, assessing reserves and establishing procedures for such assessment, providing advice on mining activities by Bolivar or its subcontractors, and assisting in the preparation of project reports in the event mining leases are sold to third parties.  Yesterday's daily chart for BOLV reflects a rounding bottom which signals a bullish trend for the stock.  A break of the 0.25 resistance level would see prices at 0.50 in the coming days.  RSI reading is at 37.48, slightly signaling an oversold condition after touching the 30% threshold in the previous session, to signal a near-term buying.  Slow Stochastics %K at 40.42 likewise indicates an oversold condition, to signal a buying move, with a steep curve of the line upwards.

Quintek Technologies, Inc. (QTEK) TraderNote – QTEK Boosted by Strong Market in Business Process Outsourcing

Quintek Technologies, Inc. (QTEK) closed yesterday at .0025, a positive change of .0010 or an increase of 66.67% from the previous close of .0015.  Quintek Technologies, Inc., together with its subsidiaries, provides back office services and solutions to organizations principally in the United States. It offers back office services and solutions through out-sourcing/in-sourcing services, consulting services, and solution sales. The company's business process includes business records storage and management consulting services ranging from consulting, digitizing, indexing, and uploading of source documents; disaster recovery / business continuity solutions, which provide availability and remote disaster recovery of Microsoft Exchange, as well as enable companies to deploy email continuity by protecting mission -critical Microsoft Exchange Servers; and document destruction services, including the destruction of confidential records.  Still going north, most technical indicators for QTEK's daily chart are bullish with RSI yesterday at 62.44, with line curving upwards to signal continuation of bullish trend.  The next target is the psychological resistance of .003 and may continue upwards having very light resistances.  A pullback, however, is expected after the new high of .0027 achieved last Thursday and .0025 registered as high reached at yesterday's close.  A continuation of yesterday's bullish trend will find QTEK's share prices to reach .003, the next psychological resistance level. 

Avanex Corporation (AVNX) TraderNote – AVNX: Ideal for Buying at Its Year Low Price of 0.80 Hit in Yesterday's Trade

Avanex Corporation (AVNX) closed yesterday at 0.87, a positive change of .06 or an increase of 7.41% from the previous close of 0.81.  Avanex Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of fiber optic-based products. Its product portfolio comprises amplification products that optically amplify signals, such as erbium doped fiber amplifiers and Raman amplifiers; wavelength management platform, which includes switching and routing solutions, multiplexing and signal processing solutions, and micro-optics and integrated modules, including products that optically add and drop transmission signals in fixed and reconfigurable versions, products that optically multiplex or demultiplex signals based on thin film filters, planar and interleaver technologies, and products that optically attenuate signal power across a single or multiple wavelength bands.  In yesterday's trading, AVNX opened at its day's low and year low level of 0.80 to close just 0.02 lower than the day's high of 0.89, indicating a near-term bullish signal.  Indicators are still in the negative zone, but about to signal exhausted conditions.  RSI is below the 30% threshold at 25.70, to confirm an oversold condition upon crossing such level upwards.  Slow Stochastics reflect readings of 5.15 %K and 5.19 %D, still negative and still to confirm an oversold condition upon crossing the 20% upwards.  

Charter Communications, Inc. (CHTR) TraderNote – CHTR Gains Strong Potential in the Fast-Growing  Broadband Communication Market in the U.S.

Charter Communications, Inc. (CHTR) closed yesterday at 1.08, a positive change of 0.11 or an increase of 11.34% from the previous close of 0.97.  Charter Communications, Inc., through its subsidiaries, operates as a broadband communication company in the United States.  It offers traditional cable video programming, high-speed Internet access, broadband cable services, high definition television service, interactive television, and telephone service through the Internet to residential and commercial customers. The company also sells local advertising on satellite-delivered networks.  The company served approximately 5.43 million analog video customers, of which approximately 2.81 million were digital video customers.  It also served approximately 2.40 million high-speed Internet customers and provided telephone service to approximately 445,800 customers.  In yesterday's trading, CHTR touched the year low of 0.92, a significant support and buying level if remains unbroken.  A break of the 1.20 resistance may find prices returning to the range of 1.2 – 1.4 before resumption of an upward move to close the gap formed by Nov. 7's close at 1.78 and Nov. 8's open at 1.46.   Yesterday's daily chart of CHTR reflects an RSI at 37.39, negative but indicating an oversold condition, to signal a buying signal.  MACD is in the negative zone of -0.005 which is slightly bearish indicating a slower decline in moving averages.  Slow Stochastics likewise is in the negative zone with both %K and %D below the 20% level, with readings at 16.91 and 14.33, respectively, still to confirm an oversold condition upon crossing the 20% threshold upwards.

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of BioSolar, Inc. (OTCBB: BSRC).  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated a total of fifteen thousand dollars and one hundred thousand restricted rule 144 shares from a non-controlling third party for enrollment of BSRC in this research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

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