You can read the original version online:
http://ymlp228.net/zZLnVr ——————————————————————————– November 4, 2012 Week In Review…
Week In Review For October 29 to November 2, 2012 Canadian Companies mentioned include:
* Prophecy Platinum Corp. (TSX-Venture:NKL) * Abcourt Mines Inc. (TSX-Venture:ABI) * Kaminak Gold Corp. (TSX-Venture:KAM) * Intertainment Media Inc. (TSX-Venture:INT) * Alliance Mining Corp. (TSX-Venture:ALM) U.S. Companies mentioned include:
* Article Published, October 30, 2012: Athabasca Resources Reaches Record Highs on Solid Earnings (http://www.allpennystocks.com/aps_ca/special-reports/306/athabasca-resources-reaches-record-highs-on-solid-earnings.htm) (CDN Company) * Article Published, October 31, 2012: Green Earth Technologies Teams with NASCAR (http://www.allpennystocks.com/aps_us/special-reports/306/green-earth-technologies-teams-with-nascar.htm) (U.S. Company) * Article Published, November 2, 2012: mPhase Commercializing New Age of Auto Jump Starters (http://www.allpennystocks.com/aps_us/special-reports/307/mphase-commercializing-new-age-of-auto-jump-starters.htm) (U.S. Company) Video charts for the week:
* October 30th Technical Video Chart For ABI:CA. Abcourt Mines rose 15 percent on increased volume on Monday as the chart continues to make higher lows since July. Some mild resistance is ahead at 12 cents, but the chart is gaining momentum and looks poised to continue to see upward pressure this week. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/SSXnQq16znY ).
* October 31st Technical Video Chart For ART. Shares of Artio have formed a quick base at $2.26 and the indicators are aligned for a bounce off that bottom. The stock rose 2 percent on Friday and is starting to gain momentum as the trend shifts. Strong resistance is not in the way until around $2.70. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/zfJL9rtCc4o ).
Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) 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: ( http://www.allpennystocks.com/aps_common/twitter.asp ).
WEEKLY UPDATE -STOCKS MIXED IN NORTH AMERICA AS SANDY PUMMELS EAST COAST Stocks in North America had the type of week that it hasn`t seen in more than 100 years as Hurricane Sandy caused nearly 14-foot surges on the Metropolitan East Coast causing Wall Street and many other areas to be evacuated ahead of the storm Monday night and subsequently on Tuesday in the aftermath of the storm that wreaked havoc; leaving millions without power and a good portion of the region underwater.
Subway systems were flooded, airports closed, rail system operations suspended, schools and businesses closed as a mere sampling of the superstorm`s effects with damages in the tens of billions of dollars.
It was the first time that the New York Stock Exchange had been closed for consecutive days because of weather since 1888 when a blizzard caused 40-foot drifts of snow.
Canada was not free of damage either with many eastern regions of the country losing power as well, although the TSX and Venture exchanges remained open on Monday and Tuesday while Wall Street was shuttered and sandbagged.
In the States, investors were looking for another heavy dose of earnings reports, but many companies postponed releases until the markets re-opened on Wednesday, although the surrounding areas were still in tatters.
The storms did not affect Canadian market bulls from running down Bay Street and clearly outperforming US peers with four straight green closes (albeit on lower volume) for the TSX Composite before surrendering some gains on Friday. The junior Venture exchange was hobbled on Monday before storming back midweek, leading to solid gains on the week. The Canadian markets even brushed-off Finance Minister Jim Flaherty cutting Canada`s economic growth and revenue projections, citing signs of global weakness.
When exchanges re-opened in New York on Wednesday, trading volumes were noticeably low as many traders were still left without power.
Trading was very active, however, in companies that could benefit from the carnage, such as material suppliers and generator makers, and conversely, those that could suffer, such as utility companies, insurance companies and telecommunications firms.
Economists have already begun chiming-in with the potential impact of the storm on the US economy. The common consensus is that there will be some give-and-take as the immediate impact could subtract as much as 0.2 percent from fourth quarter GDP, but a portion of that could be re-gained in future quarters as cities rebuild. There are certain aspects, though, such as lost sales at restaurants that will never be recouped.
Investors also digested a boatload (no storm-related pun intended) of economic data from North America this past week. Signs of life were shown to a degree in the manufacturing sector of the US after several months of downbeat information showing that the global economic crisis is dragging on the economy. Positive data also came in the housing sector, consumer confidence and consumer spending. The markets cheered a better-than-expected reading on initial jobless claims on Thursday which helped jolt the Dow to triple-digit gains. The joy didn`t last long, though, as announcements on Friday showed that the jobs situation didn`t get much better in either Canada or the United States with unemployment staying firm in the Great White North and upticking mildly in the States, although the U.S. figures when looked at under the hood were much more positive than Canada`s figures. All this wended its way for a broad market sell-off and risk aversive strategies on Friday ahead of the upcoming elections in the United States on Tuesday.
This upcoming week is likely to be a week of caution through Tuesday and then volatility as final votes are tallied in the US Presidential race. Economic data will be sparse, so speculation on the economy with any political shifts will help maneuver markets as investors sift-through more earnings reports. Europe has been relatively quiet, as have influences in China and as the holiday season starts to draw near, it should be expected that will probably remain the case for the time being. After the elections, traders will start to focus more on the government addressing the so-called “fiscal cliff” coming in 2013 that will cause tax hikes for companies and possibly deter hiring.
The U.S. dollar moved above parity against the Canadian dollar while the US equity markets were closed early in the week. But, economic data from the States later in the week that was perceived by many as the US economy strengthening, bolstered interest in Canada`s currency as the US is Canada`s largest trade partner. On the whole it was a mixed week for the counterpart currencies. As the loonie gained on the greenback, the USD advanced against most other major world currencies. The ICE dollar index, which measures the USD against a basket of currencies, rose by 0.66% after rising 0.56% the week prior.
Across the week, the Canadian dollar ultimately strengthened by 0.19% against the US dollar, putting a little more distance between parity.
Next week will begin with one Canadian dollar buying US$1.00415.
* Gold futures were modestly ahead on the week before crumbling on Friday amidst a broad commodity and equity sell-off on Friday. Bullion felt the most impact from economic data that was played by every angle possible. The crux of the sentiment was based upon the premise that if the US economy is truly strengthening, then the Federal Reserve may slow its efforts related to quantitative easing (e.g. money printing to buy bonds). The speculation and then initiation of QE3 was a catalyst for gold as a diluted dollar strengthens gold values, but now investors are questioning the end of the bond-buying plan to come sooner rather than later. As such, gold plummeted more than 2.3% to two-month lows on Friday. December contracts were the most actively traded this past week; taking losses of 2.14%, or $36.70 per ounce, to close the week at $1,675.20 on the Comex division of the New York Mercantile Exchange.
* Silver futures traded right alongside their higher-priced golden cousin as well as other precious metals platinum and palladium (down about 2 percent each on Friday). After pushing to seven-day highs on Thursday, the white metal collapsed by 4.3 percent to two-month lows on Friday as the dollar rose and metals unitedly tumbled. Silver for December delivery was the most actively traded; shedding 3.68%, or $1.179, to $30.857 per ounce.
* Copper prices continue to be hobbled by demand concerns. Again, this is the paradox of data as signs of a strengthening economy hampered commodities and pushed the dollar index to seven-week highs and copper to its fourth-straight weekly loss. A strong dollar makes commodities priced in USD more expensive for holders of other currencies and subsequently hurts the value of metals unless there is incredibly strong demand. China, the top consumer of copper, has been shown sluggish growth; keeping investors leery of the industrial red metal. December contracts were the most actively traded on New York`s COMEX exchange during the week; losing another 6.85 cents, or 1.93%, to $3.4815 per pound.
* Oil prices rode the spiral of other commodities on Friday. One might think that the long lines being shown on television with people needing gas and oil refineries being shut-down still because of Frankenstorm would be pushing oil prices upward on demand worries, but this is not the case. Inventories are plenty high and the storm has traders concerned that demand will actually be decreased in the Northeast as people and businesses regroup. Overall, sentiment towards crude has been muted for nearly two months and the sentiment rang-true again last week. December contracts for West Texas Intermediate crude were the most actively traded and fell for the sixth time in seven weeks; fading $1.42, or 1.65%, to $84.86 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * Major gold miners were tripped by falling bullion and modest earnings. Yamana Gold (TSX:YRI, +1.93%) was a rare winner as Agnico-Eagle Mines (TSX:AEM, -5.19%), Goldcorp (TSX:G, -1.88%), Barrick Gold (TSX:ABX, -9.94%), Kinross Gold (TSX:K, -2.91%) and Newmont Mining (TSX:NMC, -7.75%) fell.
* Barrick said that net income before adjustments fell to $620 million, or 62 cents per share in the latest quarter. This was less than half the total from the year prior period. Adjusted earnings tallied 85 cents per share, well-shy of analysts expectations of $1.00 per share.
* Energy stocks were decent performers given falling crude prices.
Canadian Natural Resources (NYSE:CNQ, +0.84%), Imperial Oil Ltd.
(NYSE:IMO, +3.03%), Suncor Energy (NYSE:SU, +4.94%) and Cenovus Energy (NYSE:CVE, +0.20%) added value, while Exxon Mobil (NYSE:XOM, -0.39%) and Talisman Energy (NYSE:TLM, -8.47%) fell on poor earnings reports.
* Progress Energy Resources Corp. (TSX:PRQ, +10.35%) rebounded from the prior week`s nosedive on reports that Malaysian state oil firm Petronas is renewing a bid for the Canadian energy firm. Progress shares fell hard after the Canadian government rejected Petronas` takeover offer. Petronas said it will make further submissions to Industry Canada and has extended the date for the transaction to the end of November.
* The news boosted shares of Nexen Inc. (TSX:NXY, +5.59%), who is in the middle of a takeover offer from China`s CNOOC that is being reviewed by Canadian regulators. Shares of Nexen had fallen last week too with the news that Canada didn`t find the Petronas takeover of Progress to be a “net benefit to the country.” The Canadian government has again delayed a decision on the CNOOC offer, saying that it needs more time to review the proposition.
* In other energy news, Canadian Oil Sands Ltd. (TSX:COS, +3.01%) recorded net income of $338 million, or 70 cents a share, topping estimates by 15 cents.
* The biggest of banks in the US kicked it into gear again this past week. UBS AG (NYSE:UBS, +14.86%) soared on news of cutting jobs and overhauling its operations to increase profitability, as Goldman Sachs Group (NYSE:GS, +3.19%), Bank of America (NYSE:BAC, +8.00%), Citigroup (NYSE:C, +2.73%), JPMorgan Chase (NYSE:JPM, +3.06%) all tracked higher. Wells Fargo & Co. (NYSE:WFC, -0.68%) edged lower. XLF (NYSE:XLF, +1.27%), the financials select sector SPDR that tracks the financial stocks in the S&P 500, closed in the green to continue its string of down one week, up the next.
* The biggest banks in Canada rose higher alongside their US peers.
National Bank of Canada (TSX:NA, +0.69%), Canadian Imperial Bank of Commerce (TSX:CM, +1.33%), Toronto-Dominion Bank (TSX:TD, +1.38%), The Bank of Nova Scotia (TSX:BNS, +1.67%) and Royal Bank of Canada (TSX:RY, +1.28%) advanced, although Bank of Montreal (TSX:BMO, -1.37%) slipped lower.
* Shares of generator maker Generac Holdings inc. (NYSE:GNRC, +21.25%) surged after the company boosted its earnings and revenue forecast for the year, as a result of “increased demand for home standby and portable generators” in the aftermath of Hurricane Sandy.
* Potash Corp. of Saskatchewan (TSX:POT, +0.22%), the world`s largest fertilizer producer by market value, confirmed there have been talks to increase its 13.84% ownership stake with Israel Chemicals Ltd.
Word of the talks surfaced from a disclosure document filed on the Tel Aviv Stock Exchange by Israel Corp., the largest shareholder in Israel Chemicals.
* Shares of online TV and movie rental company Netflix (NASDAQ:NFLX, +10.52%) surged after activist investor Carl Icahn disclosed a nearly 10% stake in the company and hinted that he`d like a larger company to acquire it.
* There were plenty of companies in addition to UBS that said they`ll be sending workers to the unemployment lines. EBay Inc. (NASDAQ:EBAY, -1.66%), the world’s largest online marketplace, said it will cut 325 jobs to improve efficiency. Calphalon cookware maker Newell Rubbermaid Inc. (NYSE:NWL, +2.19%) said it plans to cut 10 percent of its nearly 20,000 jobs in the next two-and-a-half years. Rockwell Collins Inc. (NYSE:COL, -0.92%) said it plans to cut 1,250 employees, or about 6 percent of its workforce, in the next year. Oshkosh Corp.
(NYSE:OSK, -1.50%) reported it would cut 450 jobs in January due to lower demand from the Department of Defense.
* Global flooring supplier Mohawk Industries, Inc. (NYSE:MHK, +8.09%) said that it is buying laminate floor maker Pergo for $150 million in cash, giving it additional access for international territories by acquiring the established brand synonymous with laminate flooring.
Pergo, who has manufacturing facilities in Sweden and the US, recorded about $320 million in sales in 2011.
* Tech darling Apple (NASDAQ:AAPL, -4.50%) fell below $600 per share as it unveiled its new iPad mini to a “golf clap” type of consumer reception compared to the normal ruckus that its products generate.
Shares of Apple set an all-time high in breaking $700 each during the week of September 17, but have now fallen for six straight weeks.
* Network appliance maker Riverbed Technology Inc. (NASDAQ:RVBD, -16.45%) came to terms to buy software and services provider Opnet Technologies Inc. (NASDAQ:OPNT, +29.94%) in a cash and stock deal valued at $1 billion and an enterprise value of $921 million. The merger transforms Riverbed into a billion-dollar company.
* MacDonald Dettwiler & Associates Ltd. (TSX:MDA, +12.08%) saw shares pop following approval from the Federal Trade Commission for its takeover of Space Systems/Loral Inc., a wholly-owned subsidiary of Loral Space and Communications Inc. (NASDAQ:LORL, +8.27%).
* Starbucks Corp. (NASDAQ:SBUX, +10.83%), the world’s biggest coffee shop operator, bucked the general market trend after raising its full fiscal year profit guidance and its sales in the U.S. beat predictions. Net income climbed 0.1 percent to $359 million from $358.5 million a year earlier and per-share profit totaled 46 cents, ahead of analyst calls for 45 cents. Friday`s march was Starbucks biggest one-day climb since March 2011.
* Pipeline operator TransCanada Corp. (TSX:TRP, +1.80%) said its third-quarter profit was $369 million, or 52 cents per share, compared to $386 million, or 55 cents per share, in the same year-earlier period. Comparable earnings dropped more dramatically to $349 million, or 50 cents per share, from $416 million, or 59 cents per share; missing analyst estimates by two cents per share.
* Another lock-up period has expired for social media giant Facebook Inc. (NASDAQ:FB, -3.47%), allowing employees to sell shares for the first time. A total of 234 million Facebook shares will be newly eligible for sale.
* The once-mighty Japan-based Panasonic (NYSE:PC, -18.30%) released an earnings report that was loaded with negative news, including a larger than expected loss and drastic cut to full year guidance. The electronics maker also suspended its dividend as business conditions are expected to become “much more severe.” * Embattled freight mover YRC Worldwide (NASDAQ:YRCW, +5.00%) swung a third quarter profit as tighter expense control offset declining revenue, but the Overland Park, Kansas company still fell shy of analyst expectations. For the latest quarter, the company reported a profit of $3 million, compared to a loss of $122.3 million in the 2011 third quarter. Earnings per share registered a loss of $4.30 in Q3 2012 as compared to a loss of $153.74 per share in the year prior quarter. Revenue equaled $1.24 billion. Wall Street was expecting a earnings loss of $3.94 per share on revenue of $1.27 billion. Shares stumbled 22 cents lower to $7.35.
* Shares of LinkedIn Corp. (NYSE:LNKD, +2.13%) soared out of the gate with earnings that crushed Wall Street expectations on the back on a bigger user base creating greater revenue. Shares retreated from highs, but still notched gains for the first time in six weeks as the business social media firm reported third-quarter profit of $2.3 million, or 2 cents per share, compared to a loss of $1.6 million, or 2 cents a share, in the year prior quarter. Revenue rose to $252 million from $139.5 million. An adjusted profit of 22 cents per share doubled analyst predictions.
* Verizon (NYSE:VZ, -0.47%) said that Superstorm Sandy may “significantly” affect its fourth-quarter results. The company said that it is working hard to try and repair services, but warned that it may take some time.
* In IPO news, upscale furniture retailer Restoration Hardware (NYSE:RH) priced its initial offering at the high end of its expected range at $24 per share and closed Friday, its first day of trading, firmly ahead at $31.10.
Weekly Indices Results:
The S&P TSX Composite Index slid 131 points from its intraweek high, but still gained on the week; adding 80.11 points, or 0.65%, to 12,380.41. The TSX Venture Exchange recovered most of the losses from the prior week; rising 9.19 points, or 0.71%, to 1,310.03 on the week.
In the States, the Dow Jones Industrial Average fell for the third time in four weeks; reducing its total by 14.05 points, or 0.11%, to 13,093.16 this past week. The much-broader S&P 500 managed to hang on to close the week green; edging-up by 2.26 points, or 0.16%, to close at 1,414.20. The tech-rich NASDAQ Composite closed red for the fourth straight week; giving-up another 5.82 points, or 0.19%, to 2,982.13.
Canadian Economic Data:
* The Industrial Product Price Index (IPPI) was up 0.5% in September compared with August, largely the result of higher prices for primary metal products and petroleum and coal products. The rise was in line with economist predictions. The September rise in IPPI follows four straight months of declines and represented its biggest one-month rise since September 2011. The main contributor to the IPPI increase in September was primary metal products (+5.1%), mainly a result of higher prices for other non-ferrous metal products (+10.4%), copper and copper alloy products (+9.5%) and aluminum products (+5.3%). The rise in metals was partly a result of higher demand. Compared with September 2011, the IPPI was down 0.3%, the second consecutive year-over-year decrease.
* The Raw Materials Price Index (RMPI) rose 1.3% in September, its third straight monthly increase. The advance of the RMPI was largely attributable to non-ferrous metals (+8.8%), specifically copper concentrates (+14.2%), non-ferrous metal scrap (+8.5%) and precious metals (+8.4%). After declining for six months, non-ferrous metals posted its largest gain since April 2009. Compared with September 2011, the RMPI was down 3.9%, the seventh consecutive year-over-year decrease. The decline of the RMPI was mostly the result of mineral fuels (-5.5%), specifically crude oil.
* In August, Canadian gross domestic product shrunk for the first time in six months, signaling that not only is the global financial situation is wearing on the country but the debt-ridden Canadian consumer is all tapped out and can`t keep their debt binge going, and is instead putting the breaks on spending. The news of a 0.1 percent contraction surprised economists, who were expecting a 0.2 percent expansion during the month. The real estate sector was the hardest hit with a decline of 6.6 percent, followed by the mining sector with 2.8 percent contraction. All told, 10 out of 18 sectors posted declines. From a yearly view, GDP decelerated to 1.2% from 1.9% in July, marking the slowest annual growth rate since January 2010.
* Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%.
Stats Can said that employment rose by 1,800 following gains of 52,100 in September. Economists pegged the unemployment rate to hold at 7.4 percent and were calling for modestly higher job creation of 10,000.
The public sector provided 36,900 new jobs in October, but those gains were moderated by a decline of 20,300 jobs in the private sector.
Average hourly earnings for permanent employees rose 3.9 percent compared to October 2011.
Next week, economic data will include Building Permits on Monday; IVEY Purchasing Managers` Index on Tuesday; and New Housing Price Index, Housing Starts and Canadian International Merchandise Trade information on Thursday.
U.S. Economic Data:
* Consumer spending increased more than expected in September, a sign that the biggest part of the economy was healthier at the end of the third quarter. Consumer spending rose 0.8 percent during the month, the biggest rise since February, on the heels of a 0.5 percent increase in August, according to the Commerce Department. Economists were expecting a 0.6% rise in September. Household purchases are closely watched because they make up about 70 percent of gross domestic product. The report also showed that Americans were digging into their savings to fund the purchases, though. The saving rate dropped to 3.3 percent, the lowest since November, from 3.7 percent while wages and salaries increased 0.3 percent. Inflation adjusted disposable income – the money left after paying taxes – was flat for September.
* The Federal Reserve Bank of Dallas said that manufacturing activity in Texas increased in October. Following three straight months of contraction, the Dallas Fed`s general manufacturing index – a barometer of activity amongst Texas-area manufacturers – edged-up to 1.8 in October from -0.9 in September. Readings below zero signal contraction in the sector. The Dallas Fed is part of five regional reports, including New York, Philadelphia, Kansas City (Missouri) and Richmond, Virginia which have all been recently showing a struggling manufacturing sector in light of tepid demand.
* The US housing market continues to mend, according to the latest S&P/Case-Shiller Home Price Index reading. The latest data of the 10- and 20-city composites showed that housing prices in both rose 0.9 percent through the end of August. Year-over-year, the 10-city was up by 1.3% and the 20-city saw prices rise by 2%. While the rise in prices is a good sign of recovery, prices are still about 33 percent below peak levels in 2006.
* Payroll Processor ADP said that companies added the most to payrolls in October at the fastest pace in eight months. A monthly increase of 158,000 followed a revised 114,000 rise in September.
Median economist expectations were for an advance of 131,000 in October. October was the first month of ADP`s methodology using a larger population of employers, now covering 406,000 corporate customers and 23 million workers. That is more than 20 percent of all non-government employees and is expected to produce information that is more in line with Labor Department reports on employment.
* Fewer Americans than forecast filed first-time claims for unemployment insurance in the week ended October 27, according to the Labor Department. Applications for jobless benefits fell 9,000 to 363,000, the fewest in three weeks and ahead of economists forecast 370,000 claims. Data from New Jersey and Washington, D.C. was estimated as offices in those areas were closed in the wake of Hurricane Sandy coming ashore. The four-week average, regarded as a more clear gauge of trend because volatility is smoothed, dropped 1,500 to 367,250.
* Manufacturing in the U.S. expanded mildly in October, according to the Institute for Supply Management. The ISM`s manufacturing purchasing index crept upward to 51.7 from a 51.5 September reading.
A reading above 50 indicates expansion in the sector. Economists were expecting a drop to 51.0. There are several indices that measure manufacturing and all continue to show very modest growth or even contraction. For example, data provider Markit reported last week that its factory index fell to a 37-month low in October.
* The Commerce Department reported that factory orders jumped 4.8 percent in September, following an upwardly-revised 5.1 percent drop in August. Economists were calling-for a rise of 4.7 percent in September. The increase was the sharpest monthly rise in 18 months, but the mood was tempered by a tiny rise of 0.2 percent in core capital good orders that are viewed as a proxy for future business investment.
* The Labor Department said that the U.S. created 171,000 jobs in October and upwardly revised its figures from both August and September by a total of 84,000 more jobs. Economists were only expecting 120,000 new jobs during October. Meanwhile, the work force in the States increased by 578,000; pushing the unemployment rate upward from 7.8 percent to 7.9 percent.
Next week, data in the States will bring the latest ISM Non-Manufacturing Index on Monday; International Trade and Initial Jobless Claims on Thursday; and Consumer Sentiment on Friday.
Technical Penny Stocks to Watch & Company Spotlight Results:
Assessing our new “Daily Technical Penny Stocks to Watch” shows that each play posted positive movement, but Alliance Mining Corp.
(TSX-Venture:ALM) made the biggest climb with a move from our 11 cent entry price to a peak of $0.1505 on Thursday for a maximum gain of 36.82 percent in one day. Shares settled back down to 11 cents on Friday, which is why securing gains when they present themselves may prove to be a good strategy for investors. Keep your eyes locked each day on new technical penny stocks to watch from either Canada or the U.S. that are technically positioned for upside potential.
How it works: One penny stock (Canadian or U.S.) is chosen each day based on its technical merits as analyzed through AllPennyStocks.com’s partner website, BullishInvestor.com.
BullishInvestor.com is a financial portal focused on providing free technical analysis and stock screening capabilities to help investors optimize their investing capabilities. BullishInvestor.com maintains proprietary technical analysis algorithms to identify turning points for stocks using many of the well known technical indicators such as MACD, RSI, Money Flow Index, Average Directional Movement and much more. The AllPennyStocks.com technical penny stock of the day was designed specifically for AllPennyStocks.com based on feedback from users of the website. We hope that our investors enjoy the new feature and as always, we welcome all feedback. To reach us, email us at email@example.com and let us know what you think.
Amongst our featured companies, Intertainment Media Inc.
(TSX-Venture:INT) (OTCQX:ITMTF) provided a corporate update to accompany its Financial Statements and Management Discuss & Analysis for the Year Ended June 30, 2012 filed at www.sedar.com. Fiscal 2012 was a strong year at Intertainment as the company made great strides in developing and investing in its proprietary platforms and those of its portfolio companies with a distinct focus to ensure development of businesses that can achieve scale and value for their shareholders.
With fiscal 2013 underway, Intertainment has shifted from early start-up to commercialization and revenue activities which have become the primary focus of the operating divisions. Investors are encouraged to read the complete set of developments here: (http://finance.yahoo.com/news/intertainment-media-corporate-220000883.html).
Although news was not released by Intertainment on the subject, it is interesting to note the new partnership between Cap That and game developer Ubisoft. Ubisoft is the creator of the Assassin`s Creed series that has sold nearly 40 million units and has a massive cult following of devoted players. With the partnership, Cap That, the owner of the first social merchandising technology to capture any video moment imaginable and transform it into a custom product, now gives Assassin`s Creed III players the power to capture images from trailers and emblazon them upon controllers, apparel, gadget cases and more. Intertainment owns 20 percent of Cap That from an investment completed earlier in 2012. Increasing users and sales at Cap That will add to the value of Intertainment.
————————- 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.
© 1999-2012 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 dollars and two thousand five hundred dollars worth of barter services by a third-party, Winning Media LLC. for its efforts in presenting the V.INT 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. 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 ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
http://www.nasd.com ( 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.
_____________________________ Change email address / Leave mailing list: http://ymlp228.net/ugjheqmgsgeyyqygubuyggmqbybw Powered by YourMailingListProvider