You can read the original version online:
http://ymlp221.net/zBjzd2 ——————————————————————————– February 24, 2013 Week In Review…
Week In Review For February 18, 2013 to February 22, 2013 Canadian Technical Penny Stocks To Watch This Week:
* Stellar Biotechnologies Inc. (TSX-Venture:KLH) * Opel Intl. Inc. (TSX-Venture:OPL) * Entrec Transportation Services Inc. (TSX-Venture:ENT) U.S. Technical Penny Stocks To Watch This Week:
* JBI Inc. (OTCBB:JBII) Spotlight Companies Mentioned This Week:
* LX Ventures Inc. (TSX-Venture:LXV) * Lustros Inc. (OTCQB:LSTS) This week on AllPennyStocks.com:
* Article Published, February 19, 2013: Verisante Technology Signs Distribution Deal in Switzerland for Cancer Detection Technology (http://www.allpennystocks.com/aps_ca/special-reports/330/verisante-technology-signs-distribution-deal-in-switzerland-for-cancer-detection-technology.htm) (CDN Company) * Article Published, February 20, 2013: Impact Silver Brings Fourth Mine in Mexico to Production (http://www.allpennystocks.com/aps_ca/special-reports/331/impact-silver-brings-fourth-mine-in-mexico-to-production.htm) (CDN Company) * Article Published, February 21, 2013: SilverSun Completes Acquisition of More Accounts (http://www.allpennystocks.com/aps_us/special-reports/335/silversun-completes-acquisition-of-more-accounts.htm) (U.S. Company) Video charts for the week:
* February 19th Technical Video Chart For LXV:CA. The LX Ventures chart has established a base at 18 cents that has held for the past week. The indicators are moving upward from oversold territories, signaling that a stronger move could be coming as volume increased the past two days while the MACD`s EMAs are starting to converge. Primary resistance isn`t until old highs at 32 cents. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/kdfcOEdapPo ).
* February 20th Technical Video Chart For LSTS. After making a sharp move off 32 cents to more than double in value, the Lustros chart is giving signs of a larger-scale reversal of trend. The MACD has dropped a bullish cross and the RSI is climbing towards a break of 50 with initial resistance at 80 cents. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/sDKA4FUy480 ).
Featured Link: BullishInvestor.com ( http://www.bullishinvestor.com) – Offering Free U.S. and Canadian technical analysis charts, buy/sell ratings and stock screening tools for over 15,000 stocks utilizing technical analysis techniques such as candlestick charting, technical analysis indicators as well as volume and trend analysis.
WEEKLY UPDATE – MARKETS TAKE A WILD RIDE ON GLOBAL AND POLITICAL CUES It was a bit of a white-knuckle ride this past week for the North American markets. After taking Monday off for Presidents` Day in the States and Family Day in Canada, the trading came out cautiously on Tuesday and then went into bull-mode Wednesday and Thursday with market-wide sell-offs of equities and commodities as economic data was generally worse than expected, showing some deceleration in economies through December and January.
Minutes from the January 29-30 policy meeting at the US Federal Open Market Committee spurred concerns as some Fed policy makers are clearly in favor of the central bank slowing or outright stopping monetary easing policies because of the exorbitant costs of running the $85-billion-per-month programs. The Fed had recently said that they would maintain their bond-buying programs until unemployment vastly declined or inflation was getting too high, but there are now second thoughts happening.
Data from Europe further caused unrest mid-week as investors eyed the European Central Bank for its announcement of LTRO (long-term refinancing operations) repayment banks intend to make on the money that the ECB gave them. Investors were concerned about payments being too large for euro zone banks to handle, but were also watching to get a pulse on the economy based on the repayment schedule. The ECB said that it will collect 61.1 billion euros for the second of two 3-year loans they made, a figure that was less-than-anticipated, signaling that banks in Europe are still heavily dependent on funds from the central bank.
Investors were also disappointed after Markit`s survey of purchasing managers in France, the second biggest economy in Europe, showed a continued downturn in February. The index, which fell to 42.3 in February from 42.7 in January, has been stuck below 50 for a year.
Readings below 50 indicate contraction in services and manufacturing in the country.
Some optimism for Europe stemmed from Germany, the euro zone`s largest economy, where the country`s Ifo Business Climate Index exceeded expectations for February with a jump to 107.4 from 104.3 in January, representing the biggest monthly increase in more than two years and fourth month of increases.
On the downside, the European Commission downgraded its outlook for the euro zone, predicting a 0.3 percent contraction in cumulative gross domestic product for the region in 2013. The EC had forecast in November that there would only be a 0.1 percent contraction for the year. GDP shrunk by 0.6 percent in 2012.
Wall Street was also aware of parliamentary elections in Italy that got underway this weekend. Poll results showed that Democratic Party leader Pier Luigi (who has economic views that favor the markets) was in the lead, but concerns about the formation of a stable coalition in both houses is in question, which could lead to pressures on Italian markets.
Budgets in the United States and Canada are also now shifting into focus. On Capitol Hill, policy makers are still facing an impasse and squabbling over mandatory budget cuts, known as the “sequester,” that are set to go into effect on March 1. President Obama said on Friday that the automatic cuts are not inevitable and that politicians can still come together to make a decision. Even if the series of defense and domestic spending cuts do go into effect, the President says that they “will not threaten the world financial system.” While the Commander in Chief may be correct, the cuts could add more friction to an already slow-growing economy and labor market.
To the north, Canada faces its own budget decisions with most economists now thinking that the Bank of Canada`s estimate of 1 percent annualized fourth-quarter growth missed the mark, based upon economic data received this past week. The downbeat data also has the central banks` prediction of 2.3 percent growth for the first quarter being scrutinized. This is keeping pressure on Finance Minister Jim Flaherty – who has said he sees no need for any more monetary stimulus – in preparing the 2013 budget, which is expected next month. The New Democrats want Flaherty to delay cutbacks and spend on infrastructure to support the economy`s recovery.
Last week was quite a reality check on the state of economies around the world, something that had fallen out of the spotlight to a degree recently after the US averted the fiscal cliff in January. While there was still an influx of earnings reports – that generally topped estimates, but offered soft outlooks – government issues were definitely market drivers. Expect that pattern to continue this coming week.
The Canadian dollar accelerated its fall against the US dollar, representing the third straight week of losing ground to its cross-border counterpart. Weak retail sales data and stagnant activity in consumer prices kept heavy pressure on the loonie and causing a six-day losing streak against the greenback. With the declines, the US dollar is more than 2 cents past parity with the Canadian dollar and at its highest level in more than three years. On the week, Canada`s dollar declined 1.51%, or $0.01502, against the greenback, meaning next week will begin with one Canadian dollar buying US$0.97862.
* Gold futures snapped right through a key support level at $1,600 this past week on concerns that the US Federal Reserve could put an end to its large asset-buying, money printing program earlier than originally expected, crushing support for the precious yellow metal as a hedge against inflation. Further, investors were turning to the US dollar for support, which typically decreases the value of gold. In the early-week nosedive, gold hit its lowest level since the last week of June. April contracts were the most actively traded during the past week, dumping $36.70 per ounce, or 2.28%, to $1,572.80.
* Silver futures fell as part of a massive commodity sell-off early in the week as well, sinking to their lowest levels since mid-August.
Silver (as well as gold) fell for five straight days before mustering a base and mild bounce on Thursday and Friday. Silver analysts were quick to comment that silver should be in more of a bullish position because demand remains strong from an industrial perspective, however, the overall sentiment towards gold and silver is driving technicals lower and dictating direction. On the week, March contracts for silver were the most actively traded, losing $1.389, or 4.65 percent, to $28.46 per ounce.
* Copper prices took an absolute beating this past week, snapping an uptrend that began early in November to fall back to mid-December levels in just four trading days. The markets took cues from slowing housing markets in the United States and China as about 40 percent of copper demand is derived from the construction industry. Last week, government officials in China, the world`s largest consumer of copper by a long shot, ordered local authorities to “decisively” curb real estate purchases in order to try and slow rapidly escalating prices, immediately sparking concerns about future demand and sending copper prices crashing. March contracts were the most actively traded on New York`s COMEX exchange during the week; shedding 20.4 cents, or 5.46%, to $3.533 per pound.
* Oil prices were not saved from portfolios being emptied of commodities. Again, general market momentum and technical support levels being broken, along with a stronger US dollar hurt crude. Many analysts, including Citi future analysts were advising shorting oil on demand concerns, technicals and the USD. A stronger dollar tends to hurt commodities as it makes them more expensive for investors using currencies of other countries. On the week, April contracts for West Texas Intermediate crude were the most actively traded; dropping by $2.73, or 2.85%, to $93.13 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * It should not come as much of a shock that major gold miners mostly fell with metals taking a pounding. Yamana Gold (TSX:YRI, +0.53%) eked ahead, but Goldcorp (TSX:G, -2.27%), Barrick Gold (TSX:ABX, -2.20%), Newmont Mining (TSX:NMC, -3.60%), Kinross Gold (TSX:K, -2.62%) and Agnico-Eagle Mines (TSX:AEM, -0.99%) all carved away points.
* Osisko Mining Corp (TSX:OSK, +4.20%) was a nice gainer after it reported fourth-quarter adjusted net earnings rose 68 percent on lower production costs and higher gold production. The company also got an upgrade from analysts at Canaccord Genuity to buy from hold.
* In other mining news, Inmet Mining Corp. (TSX:INM, -4.34%) said it`s waiving the application of a shareholder rights plan set to take effect at the Feb. 27 deadline for First Quantum Minerals Ltd.`s (TSX:FM, -5.49%) hostile $5.1-billion takeover bid. Inmet said it has reviewed all considered strategic alternatives at this point.
* Major energy plays were mixed with sliding oil prices. Exxon Mobil (NYSE:XOM, +0.95%), Talisman Energy (NYSE:TLM, +3.38%) and Cenovus Energy (NYSE:CVE, +0.50%) all drifted upward, while Canadian Natural Resources (NYSE:CNQ, -3.50%), Imperial Oil Ltd. (NYSE:IMO, -0.19%) and Suncor Energy (NYSE:SU, -1.01%) lost some value.
* In some merger news, contract driller Western Energy Services Corp.
(TSX:WGR, -9.87%) said it would buy IROC Energy Services Corp.
(TSX-Venture:ISC, +25.00%) for about C$157 million in cash and stock.
* The biggest of banks in the US slowed their upward roll a bit.
JPMorgan Chase (NYSE:JPM, +0.06%) and Wells Fargo & Co. (NYSE:WFC, +1.88%) moved upward, while UBS AG (NYSE:UBS, -2.42%), Goldman Sachs Group (NYSE:GS, -0.58%), Bank of America (NYSE:BAC, -4.90%) and Citigroup (NYSE:C, -2.40%) dropped lower. XLF (NYSE:XLF, -0.11%), the financials select sector SPDR that tracks the financial stocks in the S&P 500, closed lower on the week for the first time in eight weeks.
* Canada`s biggest banks outpaced their US counterparts. The Bank of Nova Scotia (TSX:BNS, +3.13%), Bank of Montreal (TSX:BMO, +0.80%), Royal Bank of Canada (TSX:RY, +1.50%), Toronto-Dominion Bank (TSX:TD, +1.89%) and Canadian Imperial Bank of Commerce (TSX:CM, +0.90%) rose on the week, with National Bank of Canada (TSX:NA, -1.16%) being the sole laggard.
* Shares of BlackBerry (TSX:BB, -5.27%) slid for the second straight week as the phone maker was hit with a downgrade by MKM Partners to sell from hold. The firm cited a greater likelihood that the company`s new phones and operating system will fail than succeed based on sales in the UK already slowing and the stark contrast in the number of applications available from BlackBerries compared to leading applications for Android and iPhones. Early in the week, Canaccord Genuity slashed its estimate of BlackBerry BB10 smartphone shipments in February to just 300,000 units, well short of its earlier estimate of more than 1.75 million.
* Hewlett-Packard Co. (NYSE:HPQ, +14.35%) saw its shares hit their highest level since August 21 when they reported better-than-expected quarterly earnings. HP said revenue was $28.4 billion, down from $30 billion in the year prior quarter. Adjusted earnings were $1.6 billion, or 82 cents per share, compared to $1.8 billion, or 92 cents per share, in the comparable year earlier quarter. The numbers topped analyst predictions of $27.8 billion in revenue and EPS of 71 cents.
* Agrium Inc. (NYSE:AGU, -5.41%) crushed estimated with its fourth-quarter earnings report on higher demand for crop protection products and fertilizer from farmers, but fell for the week on somber sentiment as analysts at Dahlman Rose see the nitrogen, phosphorous and potassium markets as facing steep challenges. Dahlman tossed-out sector-wide downgrades, including dropping Agrium to a sell rating and an $88 price target. Dahlman also cut CF Industries Holdings, Inc.
(NYSE:CF, -6.99%) to a sell.
* Shares of VeriFone Systems Inc. (NYSE:PAY, -42.18%) crumpled after the maker of credit card swipe machines cut its profit outlook and was hit with downgrades by nearly 10 analyst firms. Verifone, which is already in litigation for creative accounting in the past, is being criticized by analysts now as to why they missed by so much with their outlook.
* Great West Lifeco, Inc. (TSX:GWO, +1.23%) said that it is buying privately-held Irish Life Group for $1.75 billion.
* Shares of electric car maker Tesla Motors Inc. (NASDAQ:TSLA, -2.51%) stumbled after reporting bigger-than-expected losses in the fourth quarter and warned of new cost cuts, although it did beat Wall Street on revenue. For the quarter, Tesla posted revenue of $306 million, up more than sevenfold from $39.4 million in the year prior quarter, and ahead of analyst expectations at $298.4 million. The company posted an adjusted net lost 65 cents a share for Q4, wider than the Street consensus forecast of a loss of 53 cents a share.
Tesla did say that it expects to post its first ever quarterly profit in the March quarter.
* In a seemingly unorganized announcement, Office Depot Inc.
(NYSE:ODP, -8.28%) and smaller rival OfficeMax Inc. (NYSE:OMX,+14.14%) agreed to merge in a transaction comprised of a $1.17-billion stock swap. The deal gives OMX shareholders 2.69 shares of Office Depot for each share of OfficeMax held. That equates to $13.50 per share, based upon Office Depot’s closing price on Tuesday of $5.02. The transaction is at a 3.8 percent premium to Office Max’s closing price on Tuesday, but at a 26 percent premium to the closing price on Friday, when word of the possible merger was leaked. The announcement was released by Office Depot in a fourth-quarter earnings statement posted on its website before the news actually went public. ODP pulled the report after realizing the blunder and then reposted later.
doh! * Business software company Pegasystems Inc. (NASDAQ:PEGA, +16.72%) crushed analyst predictions as it swung to a fourth-quarter profit of 54 cents per share on revenue of $143.8 million. Wall Street was expecting EPS of 33 cents on revenue of $122.6 million.
* Herbalife Ltd (NYSE:HLF, -5.03%) reported fourth-quarter net income of $117.8 million, or $1.05 per share, outpacing $105.4 million, or 86 cents per share, in the year prior quarter. Net sales for the quarter increased to $1.1 billion, a 20 percent increase over the year earlier. The figures topped Wall Street predictions of $1.03 EPS and revenue of $1.05 billion.
* High-frequency market-maker Getco Holding Co. and Knight Capital Group Inc. (NYSE:KCG, -0.27%) said that Getco CEO Daniel Coleman will retail the title of the merged company while Thomas Joyce, Knight`s chairman and CEO, will serve as the executive chairman of the new company. The companies also unveiled a series of other new executive appointments that will go into effect upon completion of the $1.4-billion merger, which is slated to happen in Q2.
* Dell Inc. (NASDAQ:DELL, +0.80%) said that fourth-quarter revenue was $14.3 billion, down 11 percent from the year prior quarter’s $16.0 billion. Adjusted net income was 40 cents per share, down 22 percent from 51 cents per share in the last year’s quarter. The report beat analyst expectations of 39 cents per share in earnings and revenue of $14.1 billion.
* Semiconductor-packaging company Tessera Technologies Inc.
(NASDAQ:TSRA, +2.20%) said a court has awarded it in excess of $130 million (on top of the $20 million is has already received) in its battle with Amkor Technology Inc. (NASDAQ:AMKR, -9.67%). The litigation started in 2009, stemming from disagreements over royalties related to a now-terminated patent license agreement.
Weekly Indices Results:
The S&P TSX Composite Index pulled-up from lows on Friday to salvage the week and modestly advance over the four trading days; rising a total of 15.00 points, or 0.12%, to 12,701.63. The TSX Venture Exchange dropped lower again and even hit 3-1/2 year lows before bouncing Thursday and Friday; shedding 40.97 points, or 3.46%, on the week to 1,144.68.
In the States, the Dow Jones Industrial Average remained rangebound and stuck at resistance; inching up by 18.81 points, or 0.13%, to 14,000.57. The much-broader S&P 500 slipped for the first time in eight weeks; drifting lower by 4.19 points, or 0.28%, to close at 1,515.60. The tech-rich NASDAQ Composite paced the US laggards; declining by on 30.21 points, or 0.95%, to 3,161.82.
Canadian Economic Data:
* Statistics Canada said that the Consumer Price Index (CPI) rose 0.5% in the 12 months to January, following a 0.8% gain in December.
The main factor in the smaller increase in the CPI was gasoline prices, which fell 1.8% year-over-year in January after rising 1.0% in December. Excluding gasoline, the CPI increased 0.6% in the 12 months to January after rising 0.8% in December. This slower increase was led by year-over-year price declines for clothing and smaller price gains for food purchased from stores. Core inflation, which excludes volatile food and energy sectors, rose by 1.0%. The January inflation reading marked the 11th straight month that inflation was below the Bank of Canada`s target rate of 2.0 percent. The 0.5% increase for the month missed economist expectations of a 0.6% increase.
* Retail sales in Canada dropped more than expected in December with a 2.1 percent decline to C$38.62 billion, the largest single-month contractions since April 2010. Economists expected a decline, but only a tepid one of 0.3 percent. People spending less time at car dealerships was the main culprit, with data showing a 7.7 percent drop at new car dealers and a 6.4 percent drop in motor vehicle and parts dealers. Excluding autos, retail sales fell by 0.9 percent for December.
* StatsCan reported that non-residents reduced their holdings of Canadian securities by $1.9 billion in December, led by large retirements of bonds and equities. It was the first time since June that foreigners reduced their holdings in Canadian securities.
Meanwhile, Canadian investors added $5.5 billion of foreign securities to their portfolios, marking a fourth straight month of investment.
This was the second consecutive month of a net outflow of funds in the form of securities.
* Wholesale trade in Canada slumped 0.9 percent to $49.0 billion in December after a 0.7 percent increase in November, indicating that the nation`s economy sputtered to end 2012. Analysts were expecting a 0.4 percent decline. On a volume basis, wholesale trade fell by 0.9 percent while inventories contracted by 0.6 percent during the month.
* In December, the number of people receiving regular Employment Insurance (EI) benefits fell for the third time in four months, down 8,300 (-1.6%) to 517,000. The recent decreases brought the number of beneficiaries down to a level similar to that of the spring of 2012.
All provinces had fewer beneficiaries in December, with the largest percentage decreases occurring in Prince Edward Island, Newfoundland and Labrador as well as Manitoba. Claims virtually unchanged in December To receive EI benefits, individuals must first submit a claim. The number of claims provides an indication of the number of people who could become beneficiaries.
This week, major economic data will include the Industrial Product Price Index and Raw Materials Price Index on Thursday and Gross Domestic Product stats from December on Friday.
U.S. Economic Data:
* After surging 15.7 percent in December, housing starts cooled in January, dropping 8.5 percent, according to the Commerce Department.
The whole decline was attributable to the volatile multi-unit category, which contracted 24.1 percent. Single-family homes, which make up the vast majority of starts, increased by 0.8 percent for the month. For the month, seasonally adjusted housing starts are on a 890,000 home pace for the year. Permits for future construction totaled 925,000 at an annual basis, an increase of 1.8 percent from December.
* The Labor Department said that higher food prices drove the Producer Price Index upward by 0.2 percent in January from December, following three straight monthly declines. Economists were expecting a 0.4 percent increase during the month for the prices received by farms, factories and refineries for their finished goods. On a year-over-year basis, the PPI was up 1.4 percent from last January.
* In a separate report, the Labor Department said that the cost of living didn`t change in January after a similar month in December as measured by the Consumer Price Index. Economists were expecting the CPI to rise by 0.1 percent in January. Lower gasoline prices (-3.0%) were the main reason for another unchanged month in inflation. Core CPI, which excludes food and energy, increased 0.3 percent because of higher prices for hotel rates, airfares and clothing.
* The number of Americans filing for initial jobless claims rose by 20,000 to a seasonally adjusted 362,000 pace, according to the Labor Department. Economists were calling for a rise to only 355,000. The four-week moving average, regarded as a better gauge of the labor markets because it eliminates volatility, rose to six-week highs with a gain of 8,000 to 360,750. After hitting a five-year low three weeks ago, the one-month moving average is now back into the 360,000 to 390,000 range that it has been rutted in for about a year.
* The National Association of Realtors said that existing home sales rose 0.4 percent in January to a seasonally adjusted annual rate of 4.92 million units, representing the second highest sales level since November 2009. Analysts were expecting a 4.9 million pace.
Inventories have shriveled to 1.74 million units, the lowest level of available homes since 1999.
* The Federal Reserve of Philadelphia reported that factory activity in its region shrunk for the second straight month in February, hitting its lowest level in 8 months. The central banks business activity index dove to -12.5 from a -5.8 reading in January, missing economist predictions of a +1.0 reading by a long shot. Readings above zero indicate expansion in manufacturing activity and below zero signal contraction.
This week, data in the States will include New Home Sales on Tuesday; Durable Goods Orders on Wednesday; Initial Jobless Claims and GDP stats on Thursday; and Personal Income and Outlays and the ISM Manufacturing Index on Friday.
Technical Penny Stocks to Watch & Company Spotlight Results:
Amongst our “Daily Technical Penny Stocks to Watch,” our biggest mover was Stellar Biotechnologies Inc. (TSX-Venture:KLH), which was posted on February 15 at a price of $0.495 per share. Shares screamed ahead to a high of 72 cents during the week on heavy volume, representing a gain of 45.45% before closing the week at 61 cents to still hold gains of 23.23 percent. Congratulations to all the technical traders that followed our technical penny stocks to watch program this week.
Our latest US spotlight, Lustros, Inc. (OTCQB:LSTS), a leader in the business of copper mining and the manufacturing of food-grade copper sulfate, said on Wednesday that it has strengthened its executive team with the addition of William Farley as Chairman and Chief Executive Officer and new Board of Director members Todd Sluzas and Martin Pajor. All three men hold positions at Liam Ventures, Inc., a private equity firm with investments in various industries including technology, communications, railroad, and basic industries. Mr.
Farley is the sole shareholder of Liam Ventures, which was an early and large investor in Lustros. Clearly, these gentlemen have some serious skin in the game.
If it is true that a company is only as good as its management, then Lustros should be astonishingly successful. The three new team members have decades of experience in finance and investing. Most notable is Farley`s track record of success, including serving as chairman and chief executive officer of Farley, Inc. and Fruit of the Loom, Inc. from the time he acquired the company in 1986 through December 1999. During that time, he built FTL from a primarily domestic $500 million underwear company into a leading international manufacturer and marketer of basic family apparel with sales approximating $2.3 billion for the 1999 fiscal year. Fruit of the Loom was sold to Berkshire Hathaway Co. in 2002 for approximately $1 Billion.
Lustros is fundamentally sound and, from a technical perspective, their chart is starting to move and reflect the strength of the company. Shares galloped ahead on Friday by 27.56% to close at 81 cents on a surge in volume. The share price is now challenging the 50 day moving average, which will represent a major trend shift in the chart if the price per share (pps) breaks above it. We did notice a technical video chart posted late on Friday that encompasses many of the items that we look for when we evaluate LSTS, so we wanted to share the link to the chart with everyone. This video chart: ( http://ih.advfn.com/videos/stock-chart/lsts-stock-chart-2-22-2013_A3Xjh4RkqjQ) is a must listen if you are either invested in LSTS or are looking to add a position in the Company. Remember that this company was trading regularly at $1.50 per share just a few months ago. It looks like momentum is building again as the chart is making-up that ground in chunks after hitting a low earlier this month.
On the Canadian side, we introduced LX Ventures Inc. (TSX-Venture:LXV) this past week. LX Ventures is a very unique technology incubator that launches, integrates, and acquires early stage high growth technology companies. As we mentioned in our write-up on LXV: ( http://www.allpennystocks.com/aps_ca/company_spotlights/archives/lxv.asp), the company`s business model has tremendous potential. The technology sector was the best performer in 2012 in the Canadian markets in terms of share appreciation. LX Ventures has a portfolio of companies already under their control and allots investors the rare opportunity to invest in these private companies at an early stage.
Wish that you would have been in Facebook when it was private How about Google Acting as a bridge between the public and private sectors, LX Ventures provides the pathway to that type of opportunity.
We put LXV under our spotlight at 19 cents and shares rose as high as 27 cents this week on some of the strongest volume that the chart has seen in the past year. We expect the trend to continue as more investors discover this gem and will be watching closely to see if it can soon breakthrough 52-week highs at 31.5 cents.
————————- 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.
© 1999-2013 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 eleven thousand two hundred dollars by the Company for its efforts in presenting the V.LXV profile on its web site and distributing it to its database of subscribers as well as other services.
AllPennyStocks.com has been compensated six thousand five hundred dollars and two thousand dollars worth of barter services by a third-party, SmallCapVoice.com Inc. for its efforts in presenting the LSTS 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://ymlp221.net/ugjheqmgsgeyyqygubhhggmqbybw Powered by YourMailingListProvider