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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001144204-07-019991.txt : 20070423
<SEC-HEADER>0001144204-07-019991.hdr.sgml : 20070423
<ACCEPTANCE-DATETIME>20070423101436
ACCESSION NUMBER:		0001144204-07-019991
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070419
FILED AS OF DATE:		20070423
DATE AS OF CHANGE:		20070423

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pinpoint Advance CORP
		CENTRAL INDEX KEY:			0001377490
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				331144642

	BUSINESS ADDRESS:	
		STREET 1:		4 MASKIT STREET
		CITY:			HERZELIYA
		STATE:			L3
		ZIP:			46700
		BUSINESS PHONE:		972-9-9500245

	MAIL ADDRESS:	
		STREET 1:		4 MASKIT STREET
		CITY:			HERZELIYA
		STATE:			L3
		ZIP:			46700

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHWALB YOAV
		CENTRAL INDEX KEY:			0001396711

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52562
		FILM NUMBER:		07780663

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		972 544 861 429

	MAIL ADDRESS:	
		STREET 1:		PO BOX 12862
		CITY:			HERZGUA
		STATE:			L3
		ZIP:			46700
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>v072170_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-04-19</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001377490</issuerCik>
        <issuerName>Pinpoint Advance CORP</issuerName>
        <issuerTradingSymbol>PPACU</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001396711</rptOwnerCik>
            <rptOwnerName>SCHWALB YOAV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4 MASKIT STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HERZELIYA</rptOwnerCity>
            <rptOwnerState>L3</rptOwnerState>
            <rptOwnerZipCode>46700</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>140625</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.50</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>375000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The warrants will become exercisable on the later of: (i) April 19, 2008 or (ii) the consummation by the Company of a
 Business Combination (as defined in the Company's IPO prospectus) and expiring on April 19, 2011.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yoav Schwalb</signatureName>
        <signatureDate>2007-04-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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