Ups and Downs

Of our two big movers from the week before, USA Video (US - CDNX) continued to climb. Last week we reported a gain of 264.34%. It gained a further 48.94% and was at one point, up over 100% in intraday trading before Friday's general market slaughter saw profit taking push it back down to close at $7.00.

On the other hand, Sideware Systems (SYD.U - CDNX) couldn't hold on to its 104.23% gain of the previous week. An analysts with MSNBC questioned the stock's value and it dropped most of its gain, closing at $10.50. It did trade at an intraday high of $25.50 on Monday and held on gamely to last week's gains until Friday when it collapsed.

But this week did see another stock double in price - Medcomsoft.com Inc. (MDCM - CDN) which jumped from $2.90 to $7.00, a 141.38% gain. It's the second week of major gains for the company. The company provides Web integrated healthcare information systems - facilitating information exchange between doctors, hospitals, suppliers and insurers to "improve the delivery and quality of patient care and decrease costs throughout the healthcare industry". The price jump came in the wake of an announcement that the company has appointed a Sales management Team for its U.S. subsidiary and that the company meets RRSP eligibility requirements.

The next two on our list are newly added. Three weeks ago WSI Interactive Inc. (WIZ - CDNX) was trading under a dollar a share. It has made major strides since then with a gain of 68.75% for the week and 184.21% for the year to date. The company operates three sub-divisions - Medianet Solutions, which is a web designer; Western Shores, which is an interactive marketing specialist; and Target Packs, which is an email marketer. The company announced an opt-in email marketing program from Target Packs on the 13th and appointment of a Chief Financial Officer on the 14th. The company also issued a press release Jan. 25 saying "there have been no material changes or events affecting the Company that would explain the recent activity in the market for its common shares".

Unique Broadband Systems (UBS - CDNX) has been a hot stock on the Canadian Venture Exchange for a while and is up 49.06% for the week and 108.99% for the year. The company is a developer and manufacturer of broadband wireless solutions. On Dec. 21 the company announced second quarter earnings growth to $806,363 compared with a loss of $772,181 for the first quarter. Although there have been no recent announcements, the growth picture, a Linux development play announced in early December and the general interest in wireless has fueled its rise. The company has offices in the U.S. and Russia and is based in Vaughn, Ontario.

Three other stocks jumped over 30% for the week - Carbiz.com (CZ - CDNX) (mentioned here recently); Infointeractive (IIA - TSE), the developer of Internet Call Management software which topped our Movers & Shakers list in early November; and Book4Golf.com (BFG - CDNX) which has been an amazing growth stock since we first profiled it. The latter two are in their second week of double digit gains.

Other multi-week movers include Softcare Electronic Commerce (3 weeks), BCE Emergis (3 weeks), Stox.com (3 weeks), and Look Communications (2 weeks).

On the negative side, besides Sideware Systems (noted above), we have DTM Technologies and Certicom both in a second week of double digit losses.