Ameriprise Financial Inc (NYSE:AMP) one of the top gainers in NYSE. The stock increased 4.94% and the last traded price was $57.61. The stock moved up after a Canadian bank announced a $6.3 billion deal for a U.S. financial firm. In less than a week, this is the second transaction of its type.

The Blackstone Group L.P. (NYSE:BX) was among the gainers. The stock moved up 3.83% and closed at $14.08 after a report by the Wall Street Journal that the Company is almost ready to start a $15 billion private equity fund.

Evercore Partners Inc (NYSE:EVR) moved up 3.31% and the last traded price was $34.36. The 52-week range for the stock is $21.02 and $38.23. The Company has Price/Sales ratio of 1.76 and Price/Book ratio of 2.43.

Invesco Ltd (NYSE:IVZ) escalated 3.37% and closed at $23.59.The Company announced the completion of its public offering of 8,700,000 shares.

Janus Capital Group Inc (NYSE:JNS) among the gainers. The stock augmented 3.41% and closed at $12.73. The median Wall Street price target on the stock is $13.0 and the high target is set at $16.0 with majority of analysts have a hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $11.56 and $10.62 respectively.

Marathon Oil Corporation (NYSE:MRO) is expected to report earnings of $0.95 a share in its third quarter, compared to profit of $0.61 a share in a year ago period. The company is expected to report growth of 19.40% in its revenue to $17.29 billion from $14.48 billion a year ago quarter.

W&T Offshore, Inc. (NYSE:WTI) is scheduled to report its fiscal third quarter results today before the opening bell with estimated EPS of $0.11 compared with a profit of $0.00 cent a share in a year ago period. Revenue is expected to lower by 6.70% to $155.84 million from $167.04 million in a year quarter.

Vanguard Natural Resources, LLC (NYSE:VNR) is expected to report a profit of $0.59 a share on revenue of $30.29 billion for its Fiscal third quarter. In a year ago period, the company had a profit of $0.58 a share on revenue of $18.90 billion.

Rowan Companies, Inc. (NYSE:RDC) analysts are estimating the company to report a profit of $0.51 in its fiscal third quarter , compared to a profit of $0.54 a share in a year ago quarter. Revenue for RDC is also expected to grow by 12.50% to $442.66 million from $393.40 million in a year ago period.

Shares of BSD Medical Corp. (BSDM) soared all the way from $3.38 on Oct 25 to $4.75 on Oct 29 or 40.53% gains in a week trading session. Approximately 652,094 shares have traded hands on Friday vs. 3 month average volume of 1.51 million shares.High volume often signals a change in trends. Shares of company traded above their 50-day moving average (MA) of $3.45 and above their 200-day MA of $1.99.

Announcement that the University Medical Center (UMC) of Gottingen, Germany, a premier research oriented facility whose mission is to care for both the health and the quality of life of its patients has purchased a BSD-500 Hyperthermia System (BSD-500) has been made on Oct 25 by the Company.The BSD-500 will start clinical operation in the second part of October 2010.

The Recent Study conducted on the BSD’s patented “phased array” technology, help in generating heat that allows doctors to kill massive cluster of cancer cells. This therapy is more effective compared to chemotherapy. This decreases tumor size by 88.4% compared with 58.8% for those receiving chemotherapy while treating large breast cancer tumor.

About BSD Medical Corporation.

BSD Medical Corporation develops, manufactures, markets and services medical systems that deliver precision-focused radio frequency (RF) or microwave energy into diseased sites of the body, heating them to specified temperatures as required by a variety of medical therapies.

Teradyne, Inc. (NYSE:TER) jumped 1.19% to $11.89. The company said Wednesday its third-quarter net income rose to $147.3 million, or 66 cents a share, from $6.7 million, or 4 cents a share in the same period last year. Analysts polled by FactSet Research had expected Teradyne to report earnings of 79 cents a share, and $508 million in revenue.

Sourcefire, Inc. (NASDAQ:FIRE) went down 2.36% to $30.99. The company said late Wednesday reported its third-quarter net income jumped to $4.2 million or 15 cents a share, from $2.7 million, or 9 cents a share, in the same quarter last year.

ACE Limited (NYSE:ACE) declined 1.32% to $60.45. After the market hours, the company said that third-quarter net income came in at $675 million, or $1.97 a share, up 37% from a year earlier when the insurer made $494 million, or $1.46 a share. The company was expected to make $1.81 a share, according to an analyst survey by FactSet Research.

Akamai Technologies, Inc. (NASDAQ:AKAM) went up 3.58% to $50.39. For the period ended Sept. 30, the company reported net income of $39.7 million, or 21 cents a share, compared to net income of $32.7 million, or 18 cents a share, for the same period the previous year. Analysts were expecting earnings of 34 cents a share on revenue of $249.2 million, according to consensus estimates from FactSet Research.

Century Aluminum Company (NASDAQ:CENX) fell 3.45% to $13.16. Late Wednesday, the company said that it swung to a third-quarter net loss of $16.8 million, or 18 cents a share, from a profit of $40.1 million, or 45 cents a share, in same quarter last year.

American Express Company (NYSE:AXP) added 1.36% to $40.27. Late Thursday, the company that third-quarter net income came in at $1.1 billion, or 90 cents a share, versus $640 million, or 53 cents a share, in the same period a year ago. The company was expected to make 85 cents a share, according to the average estimate of 17 analysts in a FactSet Research survey.

Capital One Financial Corp. (NYSE:COF) surged 1.42% to $39.30. Earlier this week, the company announced net income for the third quarter of 2010 of $803 million, or $1.76 per diluted common share, a 32.1 percent increase compared to second quarter 2010 net income of $608 million, or $1.33 per diluted common share.

Discover Financial Services (NYSE:DFS) gained 0.06% to $17.55. Earlier this month, the stock was reiterated Outperform by FBR Capital.

SLM Corporation (NYSE:SLM) went up 0.09% to $11.40. Earlier this week, the company reported core earnings net income of $189 million ($.35 diluted earnings per share) for the third-quarter 2010, compared to $164 million ($.26 diluted earnings per share) for the year-ago quarter.

TeleCommunication Systems, Inc. (NASDAQ:TSYS) is up 7% in Pre-market after this morning the company said it has got an a new order with a ceiling value of $9.3 million to provide satellite terminal spare parts to the U.S. Army. The order is initially funded at $5.3 million and will be funded up to a total of $9.3 million if the options are fully exercised through August 2011.

ImmunoGen, Inc. (NASDAQ:IMGN) is up 6.72% to $7.15 on high volume. Earlier this week, JPMorgan Chase & Co. initiated a coverage on the stock with a “neutral” rating.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is trading higher by 0.50% in pre-market as Copper prices climbed about 1% after the Job data.

Atlantic Tele-Network, Inc. (NASDAQ:ATNI) surged 3.18 or 6.15% to $55 following it raised its quarterly dividend by 10%.

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) rose 6.50% to $6.75 after Jefferies initiated a coverage on the stock with a “Buy” rating.

Qiagen NV (NASDAQ:QGEN) rose 3.41%, rebounding from its recent losses. The stock made  a new 52-week low of $16.86 in yesterday’s session.

In other news…

*******************************************************************************
THE DEAN IS A FEATURED GUEST SPEAKER AT

The 3rd Annual
PennyStocking Conference 2010

CollegeStock Visitors Receive The
GUARANTEED LOWEST ADMISSION PRICES

For Special Event Coupons Email
The.Dean@CollegeStock.com

Click here to learn all about the PennyStocking 2010 Conference

P.S. DON’T FORGET TO EMAIL THE DEAN FOR SPECIAL SAVINGS
*******************************************************************************

PLEASE NOTE:
(invitations are given out to very serious penny stock traders only)

“The Dean” of Penny Stocks is proud to announce his participation as a special guest speaker at the 3rd Annual PennyStocking Conference at the Mandalay Bay Hotel & Casino in Las Vegas, Nevada on November 14th and 15th, 2010.

Hosted by Timothy Sykes and BullShip Press LLC, The Dean will speak about his past and present experiences as a penny stock promoter, speculator and entrepreneur alongside 8 of the world’s leading trading & penny stock experts.

At the event, The Dean will make one very special announcement that will shock the entire online penny stock community.

Starting at the age of 15, The Dean was exposed to the underworld of the stock market on the internet as a classmate of notorious internet stock promoter Jonathan Lebed. So notorious that in 8th grade Lebed and his team, “The Triple Threat”, cheated all the way to the top 5 teams in CNBC’s Student Stock Tournament by trading stocks with very wide BID/ASK spreads that mistakenly registered as large % gains (CNBC never caught on). The Dean, acting blindly on the advice of Lebed and completely unaware of Lebed’s message board tactics (details exposed at the Conference), happened to turn $2,000 into more than $20,000 within 8 weeks.

After graduating from high school alongside Lebed, The Dean went on to attend Arizona State University where he founded CollegeStock.com and began promoting penny stocks before he was 20 years old. By the age of 25 he was the first person ever to promote 2 different penny stocks via infomercials that aired on NBC and ABC television.

“I’ve made a lot, lost a lot, met a lot of different people and learned a lot in the penny stock industry. Not many people talk about these experiences and I think that people can learn from my mistakes just as much as they can learn from my successes,” said The Dean.

Catalyst Health Solutions, Inc. (NASDAQ:CHSI) continued to fall and now down 11.28% to $32.91. The stock has been falling since Friday on concern over the future of a key account and over analysts’ earnings estimates. So far this year, the stock has slumped over 10%. It has a 52-week range of $32.92-$32.92.

PMC-Sierra, Inc. (NASDAQ:PMCS) shares are down 8.73% to $7.11 after the company trimmed its outlook for the third quarter of 2010. The company sees net revenues to be $161 million – $163 million. The previous guidance by the company was $169 million – $177 million

Biogen Idec Inc. (NASDAQ:BIIB) slid 5.60% to $54.97 on massive volume of 3.64 million shares. This stock has been under selling pressure since morning after U.S. regulators have approved Novartis AG’s multiple sclerosis pill Gilenya.

NetLogic Microsystems, Inc. (NASDAQ:NETL) declined by 6.40% to $24.62 on over 1.27 million shares. Today, Analysts at Auriga started  a coverage on the stock with a Hold rating and set an $29 price target. NetLogic Microsystems, Inc., is a semiconductor company that designs, develops and sells processors and integrated circuits that are used by original equipment manufacturers.

Jefferies Group, Inc. (NYSE:JEF) shares slid 4.54% to $23.14 after the Global securities and investment banking firm reported EPS of 42 cents and revenues of $609.26 million in its fiscal third-quarter, compared to analysts estimates of 32 cents per share on revenue of $573.92 million.

$CHVC just released news that they’ve received their first order for installation of their services in a government education project!!  This is HUGE news and The Dean believes $CHVC has all the pieces in play to do incredible business in China’s VoIP market, and this press release is proof of their potential!!

With $CHVC teaming up with technology giant China Unicom, they have the power to provide and market broadband, VoIP and other services to millions. Since China is exploding in growth, and will have an estimated 70 million VoIP users by 2011, potential subscribers will be more abundant than oil in the Middle East!

The Dean’s Recap of $CHVC‘s Full Press Release today:

BOCA RATON, Fla., July 30 /PRNewswire-FirstCall/ — China Voice Holding Corporation (CHVC) (OTC: CHVC – News), announced today that their China subsidiary, Beijing CandidSoft Technology Co. Ltd. (CandidSoft) has received their first order from China Unicom for CandidSoft’s patented/copyrighted SKY O/A Office Automation with integrated Digital Voice Application under their new agreement previously announced on July 16, 2009. The installation of these services is for a government education project in the County of ChongZuo in Guangxi Province. The government education project calls for China Unicom to completely revamp the communications infrastructure in all education related facilities including installation of high speed Internet connections and SKY O/A to provide telephone services, fax and data service for a complete Unified messaging solution.

CHVC’s President and CEO, Bill Burbank, said, “This installation will enable the sharing of resources and knowledge through an integrated network of services managed by the SKY O/A platform, which provides real-time communication means to facilitate a ‘connected’ teaching and learning environment. We are excited about this new application for our technology and believe that it opens up a whole new market for us. The initial rollout will be for the teaching staff of approximately two thousand; however, China Unicom believes that the project will eventually extend to include students. The financial details and project plan will be confirmed during the month of August with installations projected to take place by mid September.”

The Dean has decided to take a special trip to China during August to film for an upcoming project and to meet with the management team of one very special China stock that meets all 4 criteria to The Dean’s Barely Legal Secrets to Success:

(1) No other promoter has ever mentioned the stock before (very important);
(2) The particular stocks message boards are still dormant;
(3) Its an incredibly sexy story that can sell; and
(4) There is a sudden increase in the stock’s daily trading volume.

This very special undiscovered China stock is very much like a CVS or Walgreens except that they also manufacture their own products. The company has phenomenal 40% profit margins, is expanding and only has a 4 P/E ratio!

Do your homework on $CHVC *NOW* before news of another tremendous government contract drives thousands of investors to this now-undiscovered stock!!

The National Restaurant Association estimates that approximately 45.2 billion take-out orders are placed each year in North America alone. If one extrapolates just a 1% market share as $IBRC’s goal for the North American market, this translates into a potential 452,000,000 orders (transactions) annually!

Now keep in mind this is just the North American market and that $IBRC’s technology has intuitive language capabilities that enables them to translate the language software for international use throughout the world. 
The emerging markets in China and India are red hot and The Dean believes $IBRC is exactly what will be cooking in the stock market- streamlined, scalable technology that has the potential to revolutionize a growing consumer market in a very big way.

And the best part? The company is already generating revenues from their restaurant software and already boasts several respectable customers:

-New Yorker Deli
-Carlyle’s Corporate Catering
-Uncle Wong’s Chinese Cuisine
-Bangkok Thyme
-KC Pit BBQ
-Melton’s App & Tap
-Brookwood Grill
-Scruby’s BBQ & Grill
-PastaMax Café
-Carolyn’s Gourmet Café
-Giuseppi’s Pizzeria
-Village Inn Pizzeria
-Doc Green’s
-Dagwood’s Pizza
-Austin’s Restaurant & Bar
-Kampai
-Thai Palate
-My Friend’s Place

In The Dean’s opinion, the best time to learn about emerging technologies is well before they’re adapted by major restaurants including Ruby Tuesdays (RT), Chipotle (CMG) or some of the brands managed by Brinker International (EAT) including Chili’s and On The Boarder because it only takes one blockbuster partnership to affect the $IBRC stock in a very big way.

Act now before the investing public eats up the entire public float with $IBRC’s restaurant ordering technologies gaining some serious steam.

The Dean is very proud to start teaching all students about $IBRC.

iBrands Corporation ($IBRC) has developed an online ordering software designed specifically for the restaurant industry, a business that rakes in a staggering $600 Billion annually. And that figure is just for North America!

The Dean is excited about $IBRC because it has recently acquired E-Strategic Solutions (ESS), a marketing and services provider involved in online ordering technologies for the restaurant industry. But iBrands Corporation did not stop there, as they also acquired Richard Software Services (RSS), increasing their reach, technical support and potential for growth.

Many restaurants and franchises in the United States give their customers the convenient option of ordering their food online. $IBRC CEO Paul Smith has said that fewer than 5% of restaurants in North America are using this type of ordering software. You do the math. The Dean can see the enormous potential in $IBRC’s market and so should you!

$IBRC plans to market their products across a spectrum of companies and businesses within the restaurant industry. That’s right. $IBRC is not just going to target the smaller chains and single, independently-owned restaurants but they are also looking to land deals with multinational and Fortune 500 Companies!

The Dean likes $IBRC because they planned ahead. Because their software has the ability to be programmed for different languages, this product will be marketed in emerging markets, such as China and India, as well. With plans to grow iBrands Corporation in the international markets through a licensing partnership program, you will be able to order food online all over the world!

It’s not very often that you can become a partial owner in an undervalued brand name that could potentially revolutionize the already lucrative market for antibacterial hand sanitizers (think Purell) in a very big way. But right now and with a market cap of less than $20 million you can own shares of BONU ($0.29) and be part of an exciting new trend in the consumer market.

BONU is the only player in the hand sanitizers market whose product (Ygiene) has the ability to kill Anthrax in addition to 99.97% of all human germs.

If its one thing I’m certain of: its that companies like Johnson & Johnson (JNJ) would pay a lot more than $20 million for a Purell-like product that also kills potentially life threatening bio-terrorism microorganisms like Black Mold and Anthrax!

The Dean is not a fortune teller, but one thing he can predict is that thousands of new investors will learn all about BONU this coming weekend.

*The Dean has been compensated fifteen thousand dollars by a 3rd party (546 Holdings, Ltd) for business development and corporate communications services related to Bioneutral (BONU). For The Dean’s full disclaimer click HERE.

This New Company's Chemical Technology Is Worth Celebrating

The Dean will celebrate the Fourth of July ’09 by teaching students all about one undiscovered company that has developed some of the chemical technology necessary to create real American Oil Independence.

If you’re looking for an ultra high-yield opportunity with a phenomenal story, you’ll only have to wait one more day because on July 4th @ 12:00pm EDT The Dean will be announcing a very special situation stock that is just about ready to launch one of the biggest penny stock marketing campaigns of 2009.

Chances are you’ll agree that this company’s chemical technology is so absolutely ground-breaking that with a little publicity the stock could soar by 500-1,000% or more.

Well what if I told you that this undiscovered gem is about to launch a very substantial marketing campaign that will put them directly in front of millions of investors? You’d probably want to get in before the crowd, right? Well that is exactly what I’m offering CollegeStock students this weekend as a special American Independence Day gift!

I’ve never been so confident about a penny stock to refer to it as a “gift” but I’m willing to put my entire reputation on the line because this company’s upcoming marketing campaign could create lifetimes of wealth for us all.

I just stumbled upon a blog entry written by Kris Davis @ SmallCapSentinal.com and I i’d like all students to add this CGCA reading to your homework today. The original article has been taken from HERE and I have also copied/pasted a version below for all students:

————————————

Are Oil Prices, Uranium and Alternative Energy the Real Winner in Iran?

There was optimism the week prior to the elections that Ahmadinejad might suffer an unexpected, albeit welcomed loss to rival Mousavi. The western world has been keeping a close eye on the unstable leadership of this oil rich country for years and this election could have been a pivotal turning point from a political position, but nevertheless, I believe it was still critical from a financial view.

I was extremely pleased when Republican Mike Pence introduced a bill to the floor that called for 100 new nuclear reactors to be built over the next 20 years. Nuclear power plants do not pollute the air or produce greenhouse gases. Most nuclear plants are very economical to run; with average production costs slightly lower than costs at coal-fired power plants and much lower than those at oil- and gas-fired plants. There are currently 103 reactors operating in the U.S., located at 64 sites in 31 states which produce 20 percent of the country’s electricity yet it had been since 1978 since a new reactor was built. The Three Mile Island incident sparked fear and controversy that ended up burying the possibility of a new plant under a mountain of political red tape.

————————————

SmallCapSentinal.com has received compensation for issuing the CGCA report above and its just a small part of a much larger marketing campaign. For instance, check out http://cobrapick2.com and check out the disclaimer: “[CGCA] was chosen to be profiled after Economic Advice had completed due diligence on the stock. Packet Portfolio, Ltd. has been paid $150,000 for this advertising effort.”

$150,000 is a lot of money to spend on any internet marketing campaign and I believe a lot more investors will learn about CGCA in the weeks ahead so please do your homework on the stock before thousands of other penny stock investors learn about CGCA, Friday’s news release and the substantial marketing campaign.

Spongetech Delivery Systems (OTCBB: SPNG) – which makes sponges infused with soap and wax – has been generating quite the buzz lately – and not only among consumers who love their sponges, but also in the trading community, which seems to love the stock.

SPNG has been drawing in lots of interest from investors due to a variety of corporate announcements and forward-looking statements.

• Spongetech has announced explosive earnings for the year 2009, particularly for Q4 ’09.  The company projects that earnings will grow even more in 2010.
• Spongetech has announced orders by retailers such as Costsco & Walgreens and there are rumors among investors that other large retailers (e.g. Wal-Mart) will also take orders from Spongetech.
• Spongetech is seeking listing on the NASDAQ exchange

These and other developments have been extremely positive for the company.  The stock has been trending significantly higher ever since the beginning of June – moving up approximately 700% from $0.0384 to $0.29.  Additionally, the volume of trades has increased significantly throughout the month of June.

SPNG had a very interesting day of stock trading on Friday June 14, 2009. The stock opened at $0.24 and moved up to a 2-year high of $0.29.  Around mid-day the stock came of the highs of the day and then began to recede in price gradually.

At around that time an extremely LARGE market sale of 50 million shares hit the tape which significantly drove down the price. Many other investors noticed this down-turn in the stock price and became overly emotional and panicked.  They must have felt the end was near for SPNG and they put in their sell orders to exit the stock.  The result was that the price reached a day low of $0.09 – a decline of more than 70% off the highs! The stock rebounded before the day was over after a favorable news article about sponge orders was released.

This strange behavior for SPNG brings to question what the future for the stock – and the company – will actually be.

Many stocks trading on the OTC markets – the OTCBB and PK exchanges – are subject to extreme swings.  Emotion seems to drive these markets (almost exclusively at times) as overly excited investors become very confident in a company and buy into it driving the stock price higher and higher.   At any sign of weakness, those same excited investors will panic and run for the exits causing a potentially large down-swing in the price of the stock.

Spongetech appears to show many signs of a bright future – the company is profitable and has many promising developments on the horizon.  However, one point of concern with Spongetech is the management – Michael Metter, Steven Moskowitz, and Frank Lazauskas.

All three directors of Spongetech are known stock promoters.  In the business of stock promotion, an entity – such as a marketing company – will contact a stock promoter to promote a particular company – with the expectation that new investors will be attracted to the company, thereby driving the price of the stock up.  Stock promoters are usually compensated with shares of common stock or with cash for their promotional services.

As excited investors enter into the marketplace for a promoted stock, the price of the stock will eventually reach a particular level, sometimes more than 100% increase than the price at time of promotion. At that point, large shareholders – which may have acquired shares at much lower prices – will decide sell their shares in the open market.  As a result, the large shareholders – which may include the original entity itself – will take fairly large profits nicely from the increase in stock price.

Quite simply stock promoters are salesmen – their job is to sell their audience on a product or service at the highest price they can receive.  Stock promoters and salesman both present only one point of view – and generally do not offer objective, balanced information to potential investors.

As an example, a company that has recently been promoted is Hydrogenetics, Inc (PK: HYGN).  HYGN currently owns 100% of Buffalo Biodiesel, which has signed several exciting contracts recently.  When HYGN was being promoted, I myself was extremely interested in investing.  As such, I contacted Buffalo Biodiesel numerous times to speak to someone about the contracts and the company.  Even though I left numerous messages, I never received a call back from anyone and never was able to get a live person on the phone.

The company HYGN experienced a great deal of investor interest and the stock price soared.  However, as the HYGN promotional campaign progressed the stock reached a high of 0.27 on fierce buying (an increase of over 2,000%), but has since crashed down as extremely large sellers have driven the price down.

The experience I had with Buffalo Biodiesel and the strange price action for the HYGN stock raised several questions for me.  Why did I never receive a call back from Buffalo Biodiesel?  Were the contracts that Buffalo Biodiesel signed legitimate?  Is all the news and being generated simply present to create hype in the stock?  Is HYGN a “pump and dump” campaign – as is so common among OTC stocks?

As mentioned earlier, the leaders of Spongetech – Metter, Moskowitz and Lazauskas – are known stock promoters.  Spongetech has issued a very, very large number of shares to a company called RM Enterprises International, Inc – at steep discounts to the market price.  The directors of RM Enterprises are Metter, Moskowitz and Lazauskas.  Spongetech has also continued to issue new shares over the past year – causing extreme dilution of its shares.

The actions of any stock promoter should always be questioned to help separate noise from actual news.  As such I have several questions about SPNG stemming from SEC filings, price action, news and rumors.

• What is the role of RM Enterprises International, Inc. in the corporate marketplace?  Why have so many shares of SPNG been issued to RM Enterprises – essentially the shares of SPNG have been issued to the directors themselves. Does RM Enterpise exist for the sole benefit of Spongetech?
• As owner of a large number of shares of SPNG, what would happen if RM Enterprises sold its stock holdings into the market over a period of one week?
• Is Spongetech trending higher largely because of hype, news reports and expectations?  What would happen if even a single negative news report was released?
• Is there truth to the rumor that the SEC is investigation SPNG?  Normally the SEC only investigates companies if there is reason to believe there is security fraud at place.
• If SPNG really wants to be listed on NASDAQ, why will they not allow all information to be public.  Currently it is not possible to talk with the Transfer Agent for SPNG about history of stock activity. This information should be readily available to all investors since SPNG is a public company.  A real sign that the company is serious about NASDAQ listing is allowing the Transfer Agent to talk with all investors openly.

Currently the price action in SPNG appears to be suspicious and unstable – the stock is not trading up and down based on normal market flow.  Instead it appears similar patterns of HYGN, CADD, CVRG and others – which are known “pump and dump” schemes.  A glance at the multi-year price history for SPNG will show some similarities to a pump-and-dump chart pattern.

Is Spongetech a company that is being run by stock promoters with the primary purpose of being pumped and dumped?  Or is Spongetech a legitimate company that is bound for success?  We will know more in the coming weeks – but currently the price action, management crew and repeated hype-style news articles, and questions that remain unanswered point to a risky investment when it comes to SPNG.

—————-

*This article was written by Rajat Chopra (choprar@gmail.com). Rajat held a position in SPNG on June 10 and sold for a 10% gain and then again held a position in SPNG on June 12 and sold for a 30% loss.

Section 17(b) of the Securities Act of 1933 makes it unlawful for any person to tout stocks for consideration without fully disclosing the consideration. Regardless, many stock promoters fail to disclose such material information in order to dupe investors into buying their hot penny stock of the week.

Proper disclosure is a very important part of a stock promoters repertoire and the one used by otcstockexchange.com has evolved quite well over the years. In the past, otcstockexchange.com used to tout penny stocks without any compensation disclosure whatsoever. Although they had been compensated 100,000 free trading shares to promote FCCN back in 2006 they failed to properly disclose this material fact (see legal disclaimer #1).

After a while, they decided it would be a good business practice to at least disclose compensation “from a 3rd party”. While this “3rd party” trick still isn’t full disclosure… it was a step in the right direction (see legal disclaimer #2).

Recently, otcstockexchange.com began writing a novel of a legal disclaimer at the bottom of each email newsletter. In fact, their legal disclaimer is usually longer than their promotion. But at least now they’re following the law, which is pretty rare among penny stock promoters today (see legal disclaimer #3).

Congratulations to otcstockexchange.com for joining the few promoters that believe in full transparency. It may take a few more years before the entire industry becomes fully transparent, but I’m a firm believer that we’re headed in the right direction.

-The Dean

LNET is up about 28% since being one of The Dean’s Trades on 4/23 and it’s at an important technical level. It has lots of resistance dating back to August 2008 (notice the sideways price action) and if it can break out above this resistance it could quickly pop to $5-$6.

ONTY was the perfect shorting opportunity earlier today and luckily it rebounded nicely, setting up for another perfect shorting opportunity! Today’s sell-off has probably spooked a lot of investors so I expect tomorrow to be a prime day for short sellers.

EVII is being promoted by a few powerful penny stock promoters including 24-7stockalert.net, stockpreacher.com, hototc.com and stockegg.com. The Dean always follows stock promotions by these groups and may go long if it doesn’t gap up.

DDRX finally showed signs of weakness today and I’m anticipating a big sell-off soon. The stock is up 1,633% during the past month and despite the fact that they posted an impressive quarterly net income- 1,633% in a month isn’t sustainable. This is my #1 potential short.

MDOR is up 400% over the past month and all the signs indicate that it will make an excellent short once it shows some weakness. The insiders are dumping, they’ve received financing on terrible terms and illegal stock promotion is taking place by NYTimesReport.com (FYI see my blog about NYTimesReport HERE).

NVAX is the top performing swine flu play on The Dean’s List of swine flu stocks and is up 293% since 4/23. This could go higher but it’s not worth the risk. I will short NVAX once it: (a) gaps up a lot, (b) spikes intra-day due to short squeeze or (c) closes down for the day and fails to show strength the following morning.

MNTG closed up nicely and the only information I can find is a Form 13G filing confirms that Private Management Group, Inc. now owns 4.98% of the shares outstanding. They know something we don’t know and I expect MNTG to trend higher into their 5/7/09 earnings announcement.

Swine Flu is all the craze on Wall Street and I decided to tally up the score of The Dean’s List of swine flu stocks. Keep in mind that I’ve been updating this list regularly and it now contains 24 stocks moving on swine flu mania:

(NVAX) +111.27%
(ADLS) +7.06%
(BCRX) +75.11%
(GNVC) +7.81%
(DVAX) +29.67%
(HEB) +32.67%
(HGSI) +7.69%
(IMM) +3.67%
(INSM ) -0.84%
(SVA) +34.01%
(VICL) +11.84%
(MCET) +15%
(HALO) -2.58%
(AVII) +15.73%
(XOMA) +11.02%
(LWLLE) +180%
(CBMX) +1.85%
(CERS) +20.18%
(CRXL) +6.49%
(GNBT) +44.78%
(NNVC) +40.00%
(PPHM) +7.20%
(QDEL) +6.50%
(SIGA) -0.97%

My list of swine flu stocks has gained an average of 27.71% in about 4 hours. Granted most of them did gap up quite a bit… but it’s been quite a while since we’ve seen ‘Mania Movers’ up +100% or more. It’s almost like the dot com days of old.

Worth noting is the #1 gainer LWLLE was promoted by Lebed.biz. At exactly 9:39am he sent out an email newsletter hyping exaggerating pumping discussing the stock and by 9:44am it had gained 200%. This is a real testament as to how fast some of these stock promotion plays can run (see chart below).

Congratulations to everyone who took the time to research The Dean’s List of Swine Flu stocks and be on the lookout for more runners because I don’t think ‘Swine Mania’ is over quite yet.