November 22, 2009
Corporate Update….
| |
Weekly Update
Canadian Companies mentioned include:
U.S. Companies mentioned include:
Follow
AllPennyStocks.com on Twitter:
Click here
to join AllPennyStocks.com on Twitter. Find
out about the penny stocks to watch before
anyone else, only on Twitter.
Following AllPennyStocks.com is free, get
all the details
here. |
|
|
WEEKLY UPDATE –
Markets Become
Uncertain As Bulls & Bears Battle For Control
As the economy saw some hiccups during the
week, stock markets the world over had trouble
maintaining any kind of trend, upward or downward.
The S&P TSX composite Index ended Friday’s session at
11,579.33, an improvement of 189.65 points, or 1.66%.
The TSX Venture Exchange ended the week 48.16 points
higher at 1,408.06, a jump of 3.5%.
South of the border, the Dow Jones Industrials closed
the week at 10,318.16, improving 47.69 points, or 0.5%.
The S&P 500 index lost 2.1 points, to 1,091.38, while
the NASDAQ index ended the week at 2146.04, sliding
21.84 points, or 1%.
Economically speaking, manufacturing sales rose 1.4% in
September to $41.7 billion, largely reflecting increases
in the motor vehicle industry, according to figures
released on Monday by Statistics Canada.
On Wednesday, word came down that consumer prices rose
0.1% in October compared with October 2008, following a
0.9% decline in September, according to Statistics
Canada.
Still, inflation rose at a slightly slower pace than
forecast. Economists were looking for an annual increase
of 0.3%.
Canada’s leading index rose 0.7% in October. An increase
of 0.8% was forecast for October, compared to a 1.1%
increase in September.
Wholesale sales edged up 0.2% in September. A decline of
0.5% was expected for September, compared to a 1.4% drop
in August.
In the States, retail sales jumped 1.4% in October from
the prior month, according to the Census Bureau,
exceeding the increase of 0.9% expected by a consensus
of economists surveyed by Briefing.com. Excluding
automobiles, sales rose 0.2%, falling short of the 0.4%
gain forecast by Briefing.com consensus.
That’s compared to an overall decline of 1.5%, or an
increase of 0.5% without auto sales, the prior month.
U.S. Producer Price Index, the key measure of inflation
for manufacturers, edged up 0.3% in October. The core
PPI, which excludes volatile food and energy prices,
fell 0.6%. The PPI was expected to have risen 0.5% for
the month.
U.S. industrial production rose 0.1% last month versus a
forecasted 0.4% increase. In September, production rose
0.7%. Capacity utilization rose by 0.2 percentage point
to 70.7%, a rate slightly below economists’ expectations
for 70.8%.
In October, U.S. housing starts fell more than 10% to an
annual rate of 529,000, the lowest level in six months.
An annual rate of 600,000 housing starts was expected.
The revised rate for September was 592,000.
The U.S. Consumer Price Index, a key measure of
inflation, rose 0.3%. The CPI was expected to rise 0.2%
in October.
Thursday, it was reported that jobless claims totaled
505,000 in the week ended Nov. 14, very close to the
forecast of 504,000 claims.
This week, retail sales come out in Canada Monday,
Employment insurance figures Tuesday, and payroll
employment on Thursday. Stateside, existing home sales
figures for October roll in on Monday, Q3 GDP figures on
Tuesday, October personal consumption numbers on
Wednesday, initial claims for the previous week and
durable goods orders for October on Thursday, as well as
October new home sales on Friday.
This week’s stocks to watch looked like this, Alberta
Star Development Corp. (TSX-Venture:ASX), gained 1.5
cents to 18 cents, a jump on the week of 6.1%. The
Company flirted with its weekly high every day of the
week, and ended up closing at the weekly high as well.
Drug maker PharmaGap (TSX-Venture:GAP) lost half a cent
on the week to 18.5 cents, a slide of 0.3%. GAP had its
weekly high registered on Tuesday when it reached $0.21.
South of the border, health-care specialist LifeVantage
Corp. (OTCBB:LFVN) gained two cents on the week, or
4.3%, to 23 cents. Its weekly high was achieved on
Thursday and Friday when it traded at 24 cents. Lastly,
electronics whiz Alliance Fiber Optic Products Inc.
(Nasdaq:AFOP) picked up a penny to $1.12, or 0.9%.
AFOP’s weekly high was achieved on Monday when it hit a
high of $1.14.
If you had invested in all four stocks on the week,
you’d have survived all the bumps the market took and
prospered an average of 2.75%. However, if you were
lucky enough to also pick off the weekly tops than you
would have seen a weekly return of 8.4%.
Look for big things this week from chemical firm
Chemaphor Inc. (TSX-Venture:CFR) and metals and mining
firm Crosshair Exploration & Mining Corp. (TSX:CXX). In
a short week in the States, what with Thanksgiving, we
focus on wholesaler Longwei Petroleum Investment Holding
Ltd. (OTCBB:LPIH) and Aradigm Corp. (OTCBB:ARDM).
This week we spotlighted DecisionPoint Systems, Inc.
(OTCBB:DNPI) at $0.40, and after two trading days, the
stock finds itself up 25% at Friday’s close at $0.50.
The Company announced on Thursday after the bell that
PETCO, a leading pet specialty retailer with more than
1,000 stores nationwide, has signed up for its
MobileCare Technical Support services, complete with a
24/7 option. This service will provide PETCO with access
to key DecisionPoint resources in order to troubleshoot
and resolve any issues which may arise with the
company’s RF mobile computers and wireless
infrastructure in use at PETCO distribution centers
nationwide.
This news only further demonstrates the flurry of
Companies large and small that are utilizing DNPI’s
various technologies and services. DNPI closed Friday at
its weekly high; as such, we encourage investors to keep
a close eye on its trading activity next week for a
possible trend continuation. From a technical
standpoint, DNPI did have its MACD bullish crossover
this week and the Parabolic SAR did move below the chart
indicating a bullish trend. With the recent increase in
volume, the chart is setting up nicely for a near term
potential run-up. Again, this technical evaluation, is
just our take on the Company’s technical chart, and we
encourage investors to always consult with a financial
advisor and do their own due diligence before investing
in any stocks that are shown on AllPennyStocks.com.
Lastly, our two previously spotlighted companies, both
Canadian, are also up since we spotlighted them. Andover
Ventures, Inc. (TSX-Venture:AOX) finds itself up 11% and
Duran Ventures, Inc. (TSX-Venture:DRV) has gained 15%
since its spotlight date. Both had up days on Friday, as
a result of the positive price movement, investors
should also keep them on their radars to see if their up
ticks continue into next week.
Next week will not have any new spotlights as we are
going to tone it down in observance of the Thanksgiving
Holiday in the U.S. We are currently evaluating several
potential spotlights and will be announcing one Canadian
and one U.S. spotlight the week beginning November 30th.
More information on both Companies will be provided
during our weekly update next Sunday evening.
| |
Forward Looking Statements
This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company’s growth expectations and ongoing funding requirements, and specifically, the Company’s growth prospects with scalable customers, and those outlined above. Other risks include the Company’s limited operating history, the Company’s history of operating losses, consumers’ acceptance, the Company’s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company’s securities, the possible volatility of the Company’s stock price, the concentration of ownership, and the potential fluctuation in the Company’s operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company’s expectations and estimates. This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
© 1999-2009 AllPennyStocks.com. All rights reserved. AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it’s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site.
AllPennyStocks.com has been compensated six
thousand three hundred dollars by the Company
for its efforts in presenting the AOX profile on
its web site and distributing it to its database
of subscribers as well as other services.
AllPennyStocks.com has been compensated twelve
thousand five hundred dollars by the Company for
its efforts in presenting the DRV profile on its
web site and distributing it to its database of
subscribers as well as other services.
AllPennyStocks.com has been compensated twelve
thousand dollars by a third-party, Chipmunk
Enterprise, LLC. for its efforts in presenting
the DNPI profile on its web site and
distributing it to its database of subscribers
as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. As of the profile date, no shares have been sold. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com. Readers can review all public filings by companies at the SEC’s EDGAR page. The NASD has published information on how to invest carefully at its web site.
|
|
