Markets Become Uncertain As Bulls & Bears Battle For Control

11/22/2009 8:49 PM

Penny Stocks by: All Penny Stocks

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http://ymlp17.com/z2AAX7 -------------------------------------------------------------------------------- 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) 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 - Markets Become Uncertain As Bulls & Bears Battle For Control As the economy saw some hiccups during the week, stock markets the world over had trouble maintaining any kind of trend, upward or downward.

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

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

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

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

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

Still, inflation rose at a slightly slower pace than forecast.

Economists were looking for an annual increase of 0.3%.

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

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

In the States, retail sales jumped 1.4% in October from the prior month, according to the Census Bureau, exceeding the increase of 0.9% expected by a consensus of economists surveyed by Briefing.com.

Excluding automobiles, sales rose 0.2%, falling short of the 0.4% gain forecast by Briefing.com consensus.

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

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

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

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

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

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

This week, retail sales come out in Canada Monday, Employment insurance figures Tuesday, and payroll employment on Thursday.

Stateside, existing home sales figures for October roll in on Monday, Q3 GDP figures on Tuesday, October personal consumption numbers on Wednesday, initial claims for the previous week and durable goods orders for October on Thursday, as well as October new home sales on Friday.

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

South of the border, health-care specialist LifeVantage Corp.

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

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

Look for big things this week from chemical firm Chemaphor Inc.

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

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

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

Lastly, our two previously spotlighted companies, both Canadian, are also up since we spotlighted them. Andover Ventures, Inc.

(TSX-Venture:AOX) finds itself up 11% and Duran Ventures, Inc.

(TSX-Venture:DRV) has gained 15% since its spotlight date. Both had up days on Friday, as a result of the positive price movement, investors should also keep them on their radars to see if their up ticks continue into next week.

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

------------------------- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

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