A cautious morning turned into a bullish afternoon today. Crude was up but investors remain optomistic.

A cautious morning turned into a bullish afternoon today. Despite crude price’s being up on the day, investors stood their ground and the markets ended up on the day. There is an aura of fear that is hovering around investors and it is definitely worth noting. The fear is that we are nearing a significant top and that aggressive traders could be running to the register if we see any decline or weakness in the market. You might want to keep an eye for that. Also there are only four more trading sessions left before the September 20th meeting of the Federal Reserve. Expect to see a lot of repositioning and posturing as market players are weary of another rate increase. Watch out for that one as well. We’ll enough jibber jabbering lets have a look at the OTCBB:

WINNERS

ZIM CORPORATION (ZIMCF) gained again today, up 14.45% to close at $.08 on the day. ZIMCF announced the signing of a distribution agreement with Cinerio to deliver Children's Animations on Internet TV. ZIMCF traded heavy yesterday as well surging up 178.49% with their “ZIM-PPLive” deal.

VERNON BANK CORPORATION (VBNY) gained 76.75%, up 22.45 closing the day at $51.70. Yesterdays Oneida Financial Corp. announcement to acquire VBNY for $11.4 million is fueling the stocks surge.

ENER1 Inc. (ENEI) bounced up $.115, or 51.11% and closed the day at $0.34. Yesterdays announcement of their First phase production line addition is pushing share values. Investors see the company becoming a major player in the Li-Ion Batter production industry and yesterday’s announcement reinforced that image. Keep your eyes on this one.

NATIONAL HEALTH PARTNERS (NHPR) was up 43.24%, closing out at $1.06. NHPR just announced quarter three sales being at a record pace. Shareholders are definitely jumping on board with NHPR.
PLAMET TECJS INC (PLNT) up 40% closing out at $1.75. PLNT got two favorable reports this week from Pechala’s Reports (one a 12 month forecast, and one a 2 week forecast). Buyers really like this one (at least in the short term). PLNT is one to watch.

KODIAK ENERGY INC. (KDKN) up 25.93% closing out at $1.7. The company has made two announcements recently, both involving new deal signings with their NWT project.


LOSERS

SUNRISE REAL ESTATE GROUP (SRRE) dropped 56.83% to close at $0.60. SRRE continues its trend of being a volatile holding. Less than a week ago the stock was down as low as $.30.

eGAIN COMMUNICATIONS (EGAN) dropped 21.88% on the day closing out at $1.25.
Despite having a phenomenal year overall, the companies poor 4th quarter results has turned off investors.

There was heavy volume trading from BIO-MATRIX SCIENTIFIC GROUP (BMSN) again today. BMSN dropped 16% and closed out at $2.1 on the day. Investors are doing a lot of repositioning with this one. Expect this one to even out by the end of the week

SEANA INC. (SEAI) saw aggressive selling today as well. Investors were running to the register again, sending SEAI shares down 27.27% to close at $.80 on the day.

The precious metals took some bruising on the day:
De BEIRA GOLDFIELDS (DBGF) down 12.50% to close at $1.05.
CORAL GOLD RESOURCES LTD. (CGREF) dropped 10.54% closing at $2.80 on the day.
WEALTH MINERALS LTD. (WMLLF) was also down. It declined 10.37% and closed the day at $1.47.


LATE DEVELOPMENTS

MEGOLA INC. (MGOA) announced that it will be holding its annual shareholder meeting at its corporate offices at 446 Lyndock St., Corunna, Ontario, Canada, on September 25, 2006 at 9:30 am EDT.

WGL Entertainment Holdings, Inc. (WGLE) announced today that its reality television series "The WGL Million Dollar Shootout” will be featured on SPORTEL October 16-19 in Monaco.

Not much happenings in the late hours. Tomorrow morning will be an interesting one as we’ll probably see a similar cautious start as we did today; the only question is will we get a bull afternoon or are we going to see some heavy selling? Tune in tomorrow to another segment of OTCBB theatre to find out. REBOOT!!!!