Today on Stockhouse
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Matt Badiali of Growth Stock Wire offers a ‘secret’ to making 20-fold gains in oil and gas.
This as Richard (Rick) Mills explains why he thinks junior potash companies now the focus.
Top Bullboards post: “Total Resource 212 Mlbs U3O8. Measured and Indicated Resources total 336.2Mt at 201ppm for 148.7Mlbs U3O8, and Inferred Resources total 164.6Mt at 176ppm for 63.9Mlbs U3O8. This is one of the largest deposits in the world. Market won’t ignore it. It's a no brainer!! $2 in 2011!!!” From DrRoll on the Bannerman Resources (TSX: T.BAN, Stock Forum) board.
Top Bullboard: Currie Rose Resources (TSX: V.CUI, Stock Forum) received the most reads and posts on a day its share price surged more than 16%.
Top blog: Risktaker77 shares the junior mining stocks that the blogger has been buying in the Risky Picks... blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Until there's final resolution of both Spain and Portugal investors will continue to be fearful," said John O'Donoghue, co-head of equities at Cowen & Co., in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Liquidity Services (NASDAQ: LQDT) |
Q4 |
$0.12 vs. $0.03 |
|
| Sirona Dental Systems (NASDAQ: SIRO) |
Q1 |
$0.81 vs. $0.81 |
|
Today In The Markets
Toronto stock market dips back into red as investor jitters return
|
| DJIA |
11,092.00 |
-95.28 |
 |
|
| NASDAQ |
2,534.56 |
-8.56 |
|
|
| S&P500 |
1,189.40 |
-8.95 |
|
|
| S&P/TSX |
12,892.71 |
-53.10 |
|
|
| S&P/TSX Venture |
2,057.00 |
+7.99 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market remained mired in the red Friday after recovering from a near 100-point plunge earlier in the session amid renewed concern over European debt woes and heightening tensions between the Koreas.
The S&P/TSX composite index was down 53.1 points at 12,892.71 — 63.62 points, or 0.5 per cent shy of last Friday's close.
The TSX Venture moved into positive territory, up 7.99 points at 2,057.
The Dow Jones industrial average fell 95 points, or 0.9 per cent, to 11,092. The S&P 500 index was down eight points, or 0.7 per cent, at 1,190. The Nasdaq composite index fell nine points, or 0.3 per cent, to 2,535.
With no economic data due Friday, investors south of the border could glean an indication about the state of the economy and consumer confidence from anecdotal evidence about stronger retail sales on Black Friday, the busiest shopping day of the year.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
General Motors Co. (NYSE: GM, Stock Forum)
General Motors Co. has announced that it has raised $23.1 billion from an initial public offering, after the underwriters exercised in full their over-allotment options to purchase an additional 71.7 million shares of common stock from the selling stockholders, for a total of $2.37 billion, and an additional 13 million shares of mandatory convertible junior preferred stock from the company, for a total of $650 million.
Artha Resources Corp. (TSX: V.AHC, Stock Forum)
Artha Resources Corp. said it will carry out a private placement for up to $3,000,000 through the sale of up to 20,000,000 units of the company at a price of $0.15 per unit. Each unit will consist of one common share of the Company and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company upon payment of the exercise price of $0.30 within 24 months from the closing date of the private placement. The private placement is subject to the acceptance of the TSX Venture Exchange.