Friday, September 15, 2006

Markets end the week on a poitive note.

DAY IN REVIEW

Well it was a pleasant surprise to see the market end the week on a positive note. Declining energy prices and optimism that feds may not hike rates has really eased fears that September could see a heavy decline in the markets. There is definitely a disjoint between the stock and treasury market. Bond investors are expecting to see a hard skid still to come which they feel will force the Federal Reserves hand. Pundits a plenty, lets see what the numbers say, OTCBB TIME:

WINNERS

RAVEN GOLD CORP. (RVGC) blew the roof off today! RVGC was up 180.55% amd closed the day at $2.25. Investors finally gave in: Tuesdays announcement of a positive report on their Las Minitas Property portfolio combined with Mondays announcement of addition additions to the Los Minitas portfolio forced investors to ignore commodity trends and hop on board.

INTL. LOTTERY & TOTALIZER (ITSI) was up 78.57% due mostly to a positive quarterly report. ITSI closed the day at $.50.

HALO TECHNOLOGY HOLDINGS (HALO) was up 51.30% with yesterdays announcement of a signed agreement to acquire the Insurance Risk Management (IRM) and ViaMode divisions of Unify Corp. (OTCBB: UNFY) as part of a simultaneous transaction in which Unify will also acquire Gupta Technologies, LLC. The agreement officially puts the kibosh on the March 14,2006 merger agreement between Unify and HALO that was announced March 14, 2006.

MEGADATA CORP (MDTA) was up 31.58% to close the day at $1.25. The company announced today that US Airways has selected their Passur Product to be implemented in multiple locations.

EMPIRE PETROLEUM (EMPR) was the silver lining in the energy sector today. The stock rose 25% today with the announcement of secured financing and commencement of a Test Well in Nevada. The company also had a financial report with a positive outlook which was released on the day as well.

LOSERS

NATIONAL HEALTHCARE TECHNOLOGY (NHTC) was selling like water today, a lot of volume. The stock lost 47.50 % on the day to close at $.210. Shareholders are really giving up on this one and have adopted a desperate attitude to damage control on this investment.

USN CORPORATION (USNR) lost 27.5% to close the day at $0.29. The company has slowly been snowballing all week and really hit stride today. The company announced record sales this week for August. “Ultimate Shopping Network” sales growth was fueled mostly by a high demand for their 24 Karat American Buffalo Gold Coins. Investors eventually put one and one together with USNR and the recent change in gold prices, shareholders decided it was time to hit the register.

THERMO ENERGY (TMEN) lost 27.08% to close at $0.35. You knew it was going to happen. After strong late August gains, a declining energy sector, shareholders are seeing a top for TMEN.

AURIGA LABORATORIES (AGRA) after climbing for a week and a half, saw heavy selling today. The stock declined 18.03% to close at $1.5. This could be considered another top as there has been nothing but good news coming out of AGRA.

LATE DAY DEVELOPMENTS


VIVA INTERNATIONAL INC (VIVI) announced this morning that its acquisition agreement for the assets of San Antonio, Texas-based River Hawk Aviation (River Hawk) is scheduled to be signed on September 18, 2006.

ALBERTA STAR DEVELOPMENT CORP (ASXSF) announced that it will raise up to $11.02 million in Brokered Private Placement. The closing of the Offering is expected to occur on or about October 18, 2006.

At the end of the day, it was a very solid session of trading. Fears of Federal Reserve action still linger but what else is new? Investors are known to check under their bed before going to sleep. Take care everyone, enjoy the weekend, I’ll catch you all on Monday. Cheers.

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