Markets Become Uncertain As Bulls & Bears Battle For Co

11/22/2009 8:49 PM

Penny Stocks by: All Penny Stocks

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November 22, 2009
Corporate Update....

Weekly Update

Canadian Companies mentioned include:

* Alberta Star Development Corp. (TSX-Venture:ASX)
* PharmaGap Inc. (TSX-Venture:GAP)
* Chemaphor Inc. (TSX-Venture:CFR)
* Crosshair Exploration & Mining Corp. (TSX:CXX)
* Duran Ventures, Inc. (TSX-Venture:DRV)
* Andover Ventures, Inc. (TSX-Venture:AOX)

U.S. Companies mentioned include:

* LifeVantage Corp. (OTCBB:LFVN)
* Alliance Fiber Optic Products Inc. (NASDAQ:AFOP)
* Longwei Petroleum Investment Holding Ltd. (OTCBB:LPIH)
* Aradigm Corp. (OTCBB:ARDM)
* DecisionPoint Systems, Inc. (OTCBB:DNPI)

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WEEKLY UPDATE - Markets Become Uncertain As Bulls & Bears Battle For
Control

As the economy saw some hiccups during the week, stock markets the
world over had trouble maintaining any kind of trend, upward or
downward.

The S&P TSX composite Index ended Friday’s session at 11,579.33,
an improvement of 189.65 points, or 1.66%. The TSX Venture Exchange
ended the week 48.16 points higher at 1,408.06, a jump of 3.5%.

South of the border, the Dow Jones Industrials closed the week at
10,318.16, improving 47.69 points, or 0.5%.

The S&P 500 index lost 2.1 points, to 1,091.38, while the NASDAQ
index ended the week at 2146.04, sliding 21.84 points, or 1%.

Economically speaking, manufacturing sales rose 1.4% in September to
$41.7 billion, largely reflecting increases in the motor vehicle
industry, according to figures released on Monday by Statistics
Canada.

On Wednesday, word came down that consumer prices rose 0.1% in
October compared with October 2008, following a 0.9% decline in
September, according to Statistics Canada.

Still, inflation rose at a slightly slower pace than forecast.
Economists were looking for an annual increase of 0.3%.

Canada`s leading index rose 0.7% in October. An increase of 0.8% was
forecast for October, compared to a 1.1%increase in September.

Wholesale sales edged up 0.2% in September. A decline of 0.5% was
expected for September, compared to a 1.4% drop in August.

In the States, retail sales jumped 1.4% in October from the prior
month, according to the Census Bureau, exceeding the increase of 0.9%
expected by a consensus of economists surveyed by Briefing.com.
Excluding automobiles, sales rose 0.2%, falling short of the 0.4% gain
forecast by Briefing.com consensus.

That`s compared to an overall decline of 1.5%, or an increase of
0.5% without auto sales, the prior month.

U.S. Producer Price Index, the key measure of inflation for
manufacturers, edged up 0.3% in October. The core PPI, which excludes
volatile food and energy prices, fell 0.6%. The PPI was expected to
have risen 0.5% for the month.

U.S. industrial production rose 0.1% last month versus a forecasted
0.4% increase. In September, production rose 0.7%. Capacity
utilization rose by 0.2 percentage point to 70.7%, a rate slightly
below economists` expectations for 70.8%.

In October, U.S. housing starts fell more than 10% to an annual rate
of 529,000, the lowest level in six months. An annual rate of 600,000
housing starts was expected. The revised rate for September was
592,000.

The U.S. Consumer Price Index, a key measure of inflation, rose
0.3%. The CPI was expected to rise 0.2%in October.

Thursday, it was reported that jobless claims totaled 505,000 in the
week ended Nov. 14, very close to the forecast of 504,000 claims.

This week, retail sales come out in Canada Monday, Employment
insurance figures Tuesday, and payroll employment on Thursday.
Stateside, existing home sales figures for October roll in on Monday,
Q3 GDP figures on Tuesday, October personal consumption numbers on
Wednesday, initial claims for the previous week and durable goods
orders for October on Thursday, as well as October new home sales on
Friday.

This week’s stocks to watch looked like this, Alberta Star
Development Corp. (TSX-Venture:ASX), gained 1.5 cents to 18 cents, a
jump on the week of 6.1%. The Company flirted with its weekly high
every day of the week, and ended up closing at the weekly high as
well. Drug maker PharmaGap (TSX-Venture:GAP) lost half a cent on the
week to 18.5 cents, a slide of 0.3%. GAP had its weekly high
registered on Tuesday when it reached $0.21.

South of the border, health-care specialist LifeVantage Corp.
(OTCBB:LFVN) gained two cents on the week, or 4.3%, to 23 cents. Its
weekly high was achieved on Thursday and Friday when it traded at 24
cents. Lastly, electronics whiz Alliance Fiber Optic Products
Inc.(Nasdaq:AFOP) picked up a penny to $1.12, or 0.9%. AFOP’s weekly
high was achieved on Monday when it hit a high of $1.14.

If you had invested in all four stocks on the week, you’d have
survived all the bumps the market took and prospered an average of
2.75%. However, if you were lucky enough to also pick off the weekly
tops than you would have seen a weekly return of 8.4%.

Look for big things this week from chemical firm Chemaphor Inc.
(TSX-Venture:CFR) and metals and mining firm Crosshair Exploration &
Mining Corp. (TSX:CXX). In a short week in the States, what with
Thanksgiving, we focus on wholesaler Longwei Petroleum Investment
Holding Ltd. (OTCBB:LPIH) and Aradigm Corp. (OTCBB:ARDM).

This week we spotlighted DecisionPoint Systems, Inc. (OTCBB:DNPI) at
$0.40, and after two trading days, the stock finds itself up 25% at
Friday’s close at $0.50. The Company announced on Thursday after the
bell that PETCO, a leading pet specialty retailer with more than 1,000
stores nationwide, has signed up for its MobileCare Technical Support
services, complete with a 24/7 option. This service will provide PETCO
with access to key DecisionPoint resources in order to troubleshoot
and resolve any issues which may arise with the company`s RF mobile
computers and wireless infrastructure in use at PETCO distribution
centers nationwide.

This news only further demonstrates the flurry of Companies large
and small that are utilizing DNPI’s various technologies and
services. DNPI closed Friday at its weekly high; as such, we encourage
investors to keep a close eye on its trading activity next week for a
possible trend continuation. From a technical standpoint, DNPI did
have its MACD bullish crossover this week and the Parabolic SAR did
move below the chart indicating a bullish trend. With the recent
increase in volume, the chart is setting up nicely for a near term
potential run-up. Again, this technical evaluation, is just our take
on the Company’s technical chart, and we encourage investors to
always consult with a financial advisor and do their own due diligence
before investing in any stocks that are shown on AllPennyStocks.com.

Lastly, our two previously spotlighted companies, both Canadian, are
also up since we spotlighted them. Andover Ventures, Inc.
(TSX-Venture:AOX) finds itself up 11% and Duran Ventures, Inc.
(TSX-Venture:DRV) has gained 15% since its spotlight date. Both had up
days on Friday, as a result of the positive price movement, investors
should also keep them on their radars to see if their up ticks
continue into next week.

Next week will not have any new spotlights as we are going to tone
it down in observance of the Thanksgiving Holiday in the U.S. We are
currently evaluating several potential spotlights and will be
announcing one Canadian and one U.S. spotlight the week beginning
November 30th. More information on both Companies will be provided
during our weekly update next Sunday evening.

-------------------------

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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.

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