Stocks Soar on Fiscal Cliff Deal to Start 2013
allpennystocks Newsletter
You can read the original version online:
http://ymlp310.net/zCLZFN ——————————————————————————– January 6, 2013 Week In Review…
Week In Review For December 31, 2012 to January 4, 2013 Canadian Technical Penny Stocks To Watch This Week:
* Ainsworth Lumber Co. Ltd. (TSX:ANS) * East Asia Minerals Corp. (TSX-Venture:EAS) U.S. Technical Penny Stocks To Watch This Week:
* Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) * XOMA Corporation (NASDAQ:XOMA) This week on AllPennyStocks.com:
* Article Published, January 2, 2013: Columbia Crest Gold Sells Bolivian Property for Five Million Dollars (http://www.allpennystocks.com/aps_ca/special-reports/319/columbia-crest-gold-sells-bolivian-property-for-five-million-dollars.htm) (U.S. Company) Video charts for the week:
* January 3rd Technical Video Chart For CLL:CA. A classic bottom bounce/pincher play, the Connacher Oil and Gas chart has a support level established at 18 cents. A nice move happened on Wednesday, which will have the chart on radar of technical bounce players for continuation before a retrace. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/5F48Fqcyu54 ).
* January 3rd Technical Video Chart For XOMA. XOMA Corp. shares jumped on Wednesday after holding a historic support in the area of $2.30. The indicators are aligned for continuation with stronger resistance not entering the picture until the price per share is above $3. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/hCOvUNVkxL0 ).
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 -STOCKS SOAR ON FISCAL CLIFF DEAL TO START 2013 Wow! What a week to start 2013. All five major North American indices advanced with the S&P 500 and Nasdaq surging nearly 5 percent each. The government Grinch that stole Christmas from Wall Street the week prior made a big-hearted turnaround this past week just like in the Dr. Seuss tale. Although the United States technically walked-off the so-called fiscal cliff, a hodgepodge of tax increases and spending cuts that went into effect on January 1, the stalemate in Washington was ended (in part) with the Senate and House of Representatives coming to terms on budget modifications to avert some and delay other ramifications of the cliff that threatened to throw the country back into a recession.
Albeit on light volume as traders took time off to celebrate the New Year, Wall and Bay Streets acted like they knew a deal was coming; posting advances on Monday, December 31, only hours ahead of the deadline. After starting Monday lower, stocks began to trot and then gallop to end a five session losing streak for the Dow and start a run that would add about 500 points to the benchmark index in two days as the Senate passed a bill on Monday and the House followed on Wednesday. Also fueling gains was generally better than expected economic data throughout the week, but the fiscal cliff bill agreement was clearly paramount to kicking equities into gear.
The bill passed the Senate by a landslide (89 for and 8 against), but faced opposition in the Republican-controlled House with the final vote count totaling 257 in favor and 167 votes against, with many vocalizing that the bill is far from perfect, but necessary to avert the fiscal cliff. The bill increased taxes on the wealthiest two percent of Americans (couples making more than $450,000 annually and individuals making over $400,000) and permanently keeps Bush-era tax cuts in effect for the “middle class.” Every taxpayer will see less in their paycheck, however, as the bill puts an end to a Social Security tax cut. That component of taxes immediately increases from 4.2 percent to 6.2 percent. Some economists are concerned that the extra money coming out of people`s net pay will impact consumer spending. The deal also kept extended unemployment benefits in place for jobseekers through 2013. Additionally, Congress agreed to increase estate taxes from 35 percent to 40 percent for estates over $5 million for individuals and $10 million for couples. Capital gains taxes were increased from 15 percent to 20 percent for individuals over $400,000 and $450,000 for joint-filers. Medicare payments to doctors were also addressed in the bill to avoid a 27 percent slash in payments. Also approved in the bill was $64 billion allocated for tax breaks for businesses and renewable energy initiatives.
While taxes were addressed in the bill, what was tabled for two months was the series of automatic spending cuts that were set to go into effect at the first of the year and a debt ceiling that has nearly been reached. Congress kicked the can down the road on those spending cuts, which will now go into effect on March 1, should a new budget not be agreed upon. The delay of the so-called “sequester” spending cuts holds-off on $100 billion in military and domestic expense cuts.
Regarding the debt ceiling, Treasury Secretary Timothy Geithner has warned that the US will hit the $16.4 trillion borrowing limit in a matter of months, even with the new bill and his suspension of investments in the Civil Service Retirement and Disability Fund, a measure taken to help slow the pace of debt growth.
Data from China also helped bolster the markets; especially copper in the commodities space as China is the world`s largest consumer of the red metal. HSBC China manufacturing Purchasing Managers` Index, a key metric of manufacturing growth, rose to a final reading of 51.5, marking the best reading since May 2011 and an improvement from November`s PMI of 50.5. China has been showing a slowing economy throughout 2012, but recent economic data is showing that the economy is once again starting to gain momentum.
Stocks in Canada got a lift not only from news from the States and overseas, but also from a jobs report of its own that crushed economist predictions. Experts were predicting at best a flat month of December for jobs creation, but the latest report showed the unemployment rate falling by 0.1 percent to a four-year low and eight times as many new jobs being added during the month than anticipated.
If the markets felt any sting this week, it came on Thursday as the latest minutes from the US Federal Open Markets Committee were released. Several officials of the Federal Reserve expressed concerns with the heavy monetary easing policies being provided by the central bank to stimulate and support the US economy, citing worries about the growing size of the Fed`s $2.9 trillion balance sheet. The hawkish tone sent a buzz through the investment community about a slowing – or possible ending – of quantitative easing policies by the end of the year. For now, though, the Fed doesn`t appear to be making any sharp moves to slow its austerity practices. It was only a few weeks ago that Fed Chairman Ben Bernanke unveiled the latest policy to continue buying $85 billion in mortgage-backed securities and treasuries each month and committed to keeping the benchmark interest rate at historic lows until the unemployment level reaches 6.5 percent or annual inflation tops 2.5 percent. Gold and silver took a hit as the dollar got a spark from the news, but other than that, Wall Street largely shrugged it off and continued upward heading into the weekend after a Thursday pause.
This coming week will be all about whether or not the momentum can be self-sustained. The economic data plate is relatively empty for the United States, so more weight than normal may fall on the sparse information. The fiscal cliff has been averted, although budget problems still exist, but the spending cuts that will spark a ton of controversy in Washington in a few weeks will probably reside on the back burner this week. Alcoa will report earnings on Tuesday, marking the unofficial start of another earnings season, possibly providing a catalyst as investors turn their attention to corporate earnings again.
The Dow faces some technical resistance at 13,660, which marks its highest level since late in 2007. Last week ended with the Dow only 225 points away from those highs. Believe it or not, the Dow is only 763 points, or 5.7 percent, from all-time highs of 14,198 set right around that same time.
The S&P 500 is only 8 points away from its highest level in more than five years.
With a nearly 2 percent advance last week, the TSX Composite climbed to its highest level since the final week of March 2012.
The US dollar had been edging back towards parity with the Canadian dollar in recent weeks, but a stellar jobs report from Canada on Friday sent the loonie soaring to its biggest one-day gain against the greenback in nearly five months. Although the ICE dollar index, which measures the USD against a basket of world counterparts, had a strong week with gains of 1.03%, the Canadian dollar also notched gains against nearly every major world currency, including the US dollar to put some distance back between parity. On the week, Canada`s dollar advanced 0.95%, or $0.00955, against the greenback, meaning next week will begin with one Canadian dollar buying US$1.0128.
Commodity Snapshot:
* Gold futures were tracking higher early in the week as part of the broad market rally, but tumbled fast and hard after the minutes from the Federal Reserve meeting were released showing that quantitative easing may come to an end in 2013. Gold has been on a decade-long run, but has especially gotten a lift in recent years over money printing and bond buying by the Fed that devalues the dollar and increases investors` appetite for bullion as a hedge against inflation. The news that those fiscal policies may be stopped sucked the momentum of gold and caused a $40 per ounce drop in gold on Thursday and Friday. February contracts were the most actively traded last week, losing $7.00 per ounce, or 0.42%, to $1,648.90.
* Silver futures roared ahead on Wednesday after news of a fiscal cliff deal being struck in Washington, hitting their highest level in two weeks at $31.535 per ounce, but also fell hard after the Fed minutes to give back all of the gains and then some. The US dollar also gained after the FOMC report, adding to the pressures on precious metals as a stronger USD makes purchases of the US-priced commodities more expensive for traders using different currencies. Silver for March delivery was the most actively traded; declining 0.10%, or $0.029, to $29.946 per ounce.
* Copper prices were lit on fire with the fiscal cliff pact in Washington and data from China showing manufacturing activity expanded for the third straight month, surging to their highest level since mid-October, before giving some back with the other metals sliding into the weekend. March contracts were the most actively traded on New York`s COMEX exchange during the week; advancing 10.4 cents, or 2.90%, to $3.6935 per pound.
* Oil prices rose this past week to hit their highest levels since October 19 on fiscal cliff celebration and a sharp drop in inventories during the week prior. Analysts were only expecting a decrease of one million barrels in US stockpiles, but were shocked when the latest report from the Energy Information Administration showed that supplies fell by 11 million barrels. February contracts for West Texas Intermediate crude were the most actively traded; rising by $2.29, or 2.52%, to $93.09 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * Major gold miners had a rough week with most giving back gains from early in the week to close in the red. Barrick Gold (TSX:ABX, +0.77%) held on to some gains, but Newmont Mining (TSX:NMC, -0.80%), Kinross Gold (TSX:K, -1.38%), Yamana Gold (TSX:YRI, -1.86%), Agnico-Eagle Mines (TSX:AEM, -0.18%) and Goldcorp (TSX:G, -0.39%) all shaved-off points.
* Energy plays had no trouble posting nice gains for the week with rising crude. Talisman Energy (NYSE:TLM, +8.97%), Canadian Natural Resources (NYSE:CNQ, +7.31%), Imperial Oil Ltd. (NYSE:IMO, +2.54%), Cenovus Energy (NYSE:CVE, +3.51%), Suncor Energy (NYSE:SU, +5.27%) and Exxon Mobil (NYSE:XOM, +4.54%) all climbed upward.
* Harvest Natural Resources (NYSE:HNR, +17.41%) hit a new 52-week high after it announced hitting oil in a wildcat well in waters offshore of West Africa.
* The biggest of banks in the US chugged higher last week. Goldman Sachs Group (NYSE:GS, +7.16%), JPMorgan Chase (NYSE:JPM, +5.62), Bank of America (NYSE:BAC, +6.60%), Citigroup (NYSE:C, +8.77%) and Wells Fargo & Co. (NYSE:WFC, +3.04) notched strong gains, while UBS AG (NYSE:UBS, +2.95%) lagged. XLF (NYSE:XLF, +5.38%), the financials select sector SPDR that tracks the financial stocks in the S&P 500, hit its highest level since September 2008.
* Notably, Goldman Sachs, Citigroup, JPMorgan and Bank of America all made 52-week highs. More precisely, GS is at its highest since September 2011; C at the highest since July 2011; JPM at the highest since April 2011; and BAC at the highest since May 2011.
* By large, Canadian banks did well, but didn`t quite keep pace with their US peers. Canadian Imperial Bank of Commerce (TSX:CM, +1.17%), The Bank of Nova Scotia (TSX:BNS, +0.28%), Royal Bank of Canada (TSX:RY, +2.21%), Bank of Montreal (TSX:BMO, +1.30%) and National Bank of Canada (TSX:NA, +0.51%) all advanced, while Toronto-Dominion Bank (TSX:TD, -0.65%) edged lower.
* CIBC said that it agreed to pay US$149.5 million to settle a claim filed against them by the Lehman Estate in 2010 after the collapse and subsequent bankruptcy of the once investment banking giant, Lehman Brothers. The estate claimed CIBC was responsible for a commitment made before Lehman, a bank that was considered “too big to fail,” collapsed. CIBC had originally reduced its obligation for the commitment to $0 and profited $841 million upon Lehman filing for bankruptcy.
* Shares of Apple, Inc. (NASDAQ:AAPL, +3.42%) rose as reports surfaced that the tech giant may be planning to release the latest version of its iPhone as early as May or June, ahead of expectations for a third-quarter release.
* Herbalife Ltd. (NYSE:HLF, +25.89%) continued to recover from a nosedive three weeks ago with news that it completed a deal to acquire a manufacturing facility in Winston-Salem, North Carolina on December 31, 2012.
* Car-sharing company Zipcar, Inc. (NASDAQ;ZIP, +50.74%) agreed to be acquired by rental car giant Avis Budget Group, Inc. (NASDAQ:CAR, +12.23%) for $12.25 per share in an all-cash transaction valued at approximately $500 million, representing a 49% premium to the prior day`s closing price.
* Bombardier Inc. (TSX:BBD.B, +3.75%) continued a steady stream of deal flow with news that it received an order to supply Germany`s Abellio Rail with 35 of its Talent 2 trains for use in 2015 in a deal valued at $226 million.
* Shares of Hormel Foods Corp. (NYSE:HRL, +11.83%) skied to all-time highs after the Spam-maker reported that it was paying $700 million to acquire Unilever Plc`s (NSE:UL, +1.57%) Skippy peanut butter business.
* Valuation and advisory company Duff & Phelps Corp. (NYSE:DUF, +19.69%) said that it has agreed to be acquired for $15.55 per share, or about $655.5 million, by a consortium of organizations managed by private equity firm Carlyle Group LP (NASDAQ:CG, +2.09%), Pictet & Cie, Stone Point Capital and Edmond de Rothschild Group. The agreement includes a “go shop” period that permits Duff & Phelps to actively solicit other offers until February 8, 2013 with a $6.5 million breakup enforceable should another offer be chosen.
* Finish Line (NASDAQ:FINL, -6.28%) came up short of Wall Street expectations with a break-even quarter, leading to downgrades at Northland Securities and Bank of America/Merrill Lynch.
* Solar plays shone bright this week on reports of increasing future demand from China as well as news that Warren Buffett`s Berkshire Hathaway (NYSE:BRK/B, +5.99%) invested between $2 billion and $2.5 billion in two projects of SunPower Corp. (NASDAQ:SPWR, +59.02%).
Joining the solar rally were shares of Suntech Power Holdings Co., Ltd. (NYSE:STP, +33.57%) and LDK Solar Co., Ltd. (NYSE:LDK, +58.52%).
* Upgrades to “Buy” ratings for Quiksilver, Inc. (NYSE:ZQK, +23.36%) by Goldman Sachs and Krispy Kreme Doughnuts (NYSE:KKD, +20.54%) by Longbow helped the two companies leap to new highs.
* After taking a pounding in December on unimpressive clinical trial results against Fabry disease, shares of Amicus Therapeutics, Inc.
(NASDAQ:FOLD, +37.69%) recovered some of the losses by reporting positive results from all four Cohorts in Phase 2 Chaperone-Enzyme Replacement Therapy Co-Administration Study for Pompe Disease.
* Internet behemoths Google Inc. (NASDAQ:GOOG, +5.42%) and Yahoo! Inc. (NASDAQ:YHOO, +1.85%) were named in a new report by the University of Southern California as high on the list (Google was 2nd and Yahoo 6th) of websites whose online advertisements help fund sites responsible for online piracy. Google, who has long been an advocate of fighting of copyright infringement, commented in an email that they haven`t seen the report from USC`s Annenberg Innovation Lab, but believes “it is mistaken.” * Coinstar (CSTR -0.65%) had a volatile week as the maker of Redbox DVD rental kiosks and coin-to-cash changers said its CEO Paul Davis will retire in March and be replaced by CFO J. Scott Di Valerio. The executive shake-up is happening while Coinstar is launching a streaming-service joint venture project with Verizon (NYSE:VZ, +3.26%) as they look to take market share from companies like Netflix (NASDAQ;NFLX, +7.44%).
Weekly Indices Results:
The S&P TSX Composite Index churned ahead again for the third time in four weeks; advancing 224.69 points, or 1.82%, to 12,540.81. The TSX Venture Exchange rumbled ahead for the second straight week; climbing 26.38 points, or 2.19%, to 1,228.22.
In the States, the Dow Jones Industrial Average pushed to 10 week highs; surging by 497.10 points, or 3.84%, to 13,435.21. The much-broader S&P 500 outpaced the Dow; rising 64.04 points, or 4.57%, to close at 1,466.47. The tech-rich NASDAQ Composite posted the largest percent gain amongst the blue chip indices; adding-on 141.35 points, or 4.77%, to 3,101.66.
Canadian Economic Data:
* Canada added 39,800 new jobs in December and the unemployment rate dropped from 7.2 percent in November to 7.1 percent in December, according to the latest information from Statistics Canada. The consensus of analysts thought only 5,000 jobs would be added and for the unemployment rate to climb to 7.3 percent in December. Even the best estimates didn`t come close to the actual results reported from Ottawa. December followed a strong month of November in which 59,300 jobs were added to the economy however most economists don`t believe that this level of employment gains are sustainable given the recent weak Canadian economic growth.
* Statistics Canada reported that producer prices dropped for the second straight month in November, paced by lower prices for petroleum (gasoline was down 4.3%) and coal products (-2.8%). The Industrial Product Price Index slid by 0.3 percent, following a 0.1 percent drop in October. November marked the six time in seven months that the IPPI has decreased. Moderating the decline was a 0.8% increase in motor vehicles and other transportation equipment, although an a yearly basis that subindex was down by 1.3 percent, it`s third consecutive year-over-year decline. The overall 0.3% contraction was in line with economist expectations.
* The Raw Material Price Index dropped 1.9 percent, its first decline in five months. Three of the seven subgroups were lower in November, led by mineral fuels (-3.1%). Economists were expecting only a 1.0 percent decline in the RMPI. A 3.4% drop in the price of crude oil, the first drop since June, was the main culprit in the mineral fuels subgroup tracking lower. Animals and animal products rose by 1.7 percent and ferrous materials increased by 1.5 percent in November to temper the decline in the RMPI. On a yearly basis, the RMPI was down 8.2 percent compared to November 2011 (paced by a 15.9% decline in crude oil), its ninth straight month of recording lower prices.
This week, major economic data will include Ivey PMI on Monday; Housing Starts on Wednesday; Building Permits and the New Home Price Index on Thursday; and Trade Balance information on Friday.
U.S. Economic Data:
* Data released by the Federal Reserve Bank of Dallas showed that manufacturing activity in Texas picked-up in December, but still remained slow as companies were concerned about potential impacts of the fiscal cliff. The fed`s general activity index climbed to 6.8 in December following a -2.8 reading in November, which is a positive sign, but the production index upticked only 1 point to 2.7, a sign of stagnant growth during the month. The new orders index, regarded as a gauge of future demand, inched ahead from 0.4 in November to 0.9 in December. Texas is an important barometer of manufacturing activity because nearly 10 percent of all products in the U.S. are made there, making it number 2 in the nation behind California.
* The Institute for Supply Management said that its manufacturing index measuring factory activity in the U.S. expanding slightly in December. The purchasing managers index moved from 49.5 in November to 50.7 in December. Readings above 50 indicate expansion in manufacturing activity. ISM`s manufacturing index teetered back and forth the key 50 level most of 2012, struggling to gain any momentum.
While the December reading was not exactly stellar, the signs of expansion given the looming fiscal cliff at that time was generally regarded optimistically for the future.
* In a brighter note, the ISM reported that its non-manufacturing index, a measure of the U.S. services sector, expanded at its fastest rate in 10 months in December, led by an increase in new orders. The index rose to 56.1 in December from 54.7 in November, clearly outstripping economist predictions of a 54.2 reading. Marks above 50 indicate expansion in the services sector. The new orders subindex clocked a 59.3, its highest level since February, while the employments subindex increased to 56.3 from November`s 50.3, marking its highest level since March.
* The Labor Department reported that initial jobless claims increased by 10,000 to a seasonally adjusted 372,000 for the week ended December 29, topping economist estimates of 360,000 for the week. The government agency noted that it relied more heavily than normal on estimates because of state agency closures for the holidays. The four-week moving average, a less volatility gauge of labor trends, was flat at 360,000, indicating that employers retained employees through the holidays and despite fiscal cliff concerns.
* Payroll processor ADP said that private sector employees added 215,000 jobs in December, led by a surge in construction with 39,000 new jobs. The jump in building jobs is reflective on clean-up and construction efforts from the destruction left by Hurricane Sandy pounding the East Coast late in October. ADP also revised its November figure from 118,000 jobs being added to 148,000. ADP`s methodology is designed to predict the final revised numbers from the Labor Department after it conducts three months of revisions.
* The Commerce Department reported that factory orders were flat in November compared to October, a month that saw 0.8% expansion.
Economists were expecting a 0.4% rise in November. A sharp pull-back in orders for aircraft was a leading contributor to the overall flat month. Excluding aircraft and defense, orders for capital goods, viewed as a less-volatile barometer of spending plans, increased by 2.6 percent in November. Orders for motor vehicles and parts were a big part of the core gains, rising 2.8 percent.
* In the most-watched figures on the health of the US economy, the Labor Department said that the country added 155,000 jobs in December in its first estimate for the month. The growth was in line with economist predictions. The jobs additions were not enough to change the unemployment figure which was flat at 7.8% as the agency upwardly revised November`s rate from 7.7%. Healthcare led the way with 45,000 new jobs with construction adding 30,000 jobs, according to the report. The government posted the largest decline, shedding 13,000 jobs in December. The 155,000 jobs added during the month was nearly spot-on the average for the year, which tallied 153,000 per month for a total of 1.84 million new jobs for 2012. This is the same number of jobs that was added in 2011. Economists generally say that a healthy US economy is creating 300,000 new jobs per month.
This week, data in the States will slim down with only Initial Jobless Claims on Thursday and International Trade information on Friday.
Technical Penny Stocks to Watch & Company Spotlight Results:
Amongst our “Daily Technical Penny Stocks to Watch,” the largest mover was Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) which was chosen after its close on December 28 at $1.23 with the pps bouncing off a support at $1.12. Shares continued the move to hit as high as $1.44 for a strong 2-day gain of 17.07 percent, or 21 cents per share.
After a one-day consolidation, the stock went back on the rise on Friday to wrap the week at $1.36. Congratulations to all investors who may have benefitted from the information provided by the Technical Penny Stocks to Watch and we encourage investors to watch stocks this week as we pick a new batch of Companies that look promising from a technical perspective.
————————- 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 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://ymlp310.net/ugjheqmgsgeyyqygubjuggmqbybw Powered by YourMailingListProvider
Related posts:
- Markets Flat As QE3 Glee Fades
- North American Stocks Take Breather Before Recent Rally
- Stocks Mixed In North America As Sandy Pummels East Coast
- Stocks Mixed In North America As Sandy Pummels East Coast
- Markets In Wait & See Mode As Fiscal Cliff Talks Resume