Stockhouse @ the Bell: Stocks down on Greek worries

Today on Stockhouse

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Peter Kennedy reports on why PI's Max Meier likes gold, wind energy in his Stockhouse Movers & Shakers column.

This as Thom Calandra describes what he thinks are the captains of the Canadian resource industry.

Top Bullboards post: “If anyone's taken a look at Grayd' last drill results, or best drill results - they're in line with the holes at Granada but about 20% better in some areas. If they're willing to pay $200 + an ounce in Mexico and we have similar results, what can be said for a Resource Estimate of 2.5 + million ounces at Granada? Those 58 cent warrants will be exercised if that's the case and going by what majors pay is a far more fair valuation for gold in the ground than what the market wants to value them at. Just look at what the market valued RVC's ounces at last summer when they traded at $1, they were bought out for $9 + after showing over 4 million ounces. Who's more accurate - the market who valued them at $1 and less than $60 million market cap? Or New Gold who purchased them for $500 million and just upgraded the 4 million ounces to 6 million today at the BlackWater deposit. If GBB were to prove double Grayd' Resources at Granada with 2.5 million ounces of gold but at a slightly lesser grade and were even given a 30% discount from GYD' acquisition price of $275 million for grade differences, we would still be worth $300 million dollars or $2 a share.” From taylor1988 on the Gold Bullion Development (TSX: V.GBB , Stock Forum ) board.

Top Bullboard:Exploration Orbite (TSX: V.ORT.A, Stock Forum) collected the most posts and the second-most reads.

Top blog:littleguy123 writes about what he considers to be the Welfare State of Texas in the Outside the Market blog.

For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"We are drawing closer to the date at which the Greek government is going to run out of money," said Mark Luschini, the chief investment strategist at Janney Montgomery Scott, in an interview with CNNMoney. "And yet you still have some lack of commitment on the part of the institutions involved in shoring up that financing."

Today In The Markets

Toronto stock market drops 100 points as traders lose confidence in Greece

DJIA	11,401.01	-108.08
NASDAQ	2,612.83	-9.48
S&P500	1,204.09	-11.92
S&P/TSX	12,172.04	-101.72
S&P/TSX Venture	1,737.84	-25.01

(The Canadian Press) TORONTO-NEW YORK - The Toronto Stock Exchange closed 100 points lower Monday as commodity prices weakened amid faltering confidence that Greece can meet its debt obligations and avoid wreaking havoc on markets and economies around the world.

The S&P/TSX composite index was off 101.72 points to 12,172.04. The TSX Venture Exchange fell 25.01 points to 1,737.84.

Wall Street also closed lower after posting one of its best weeks in months last week.

The Dow Jones industrial average shed 108.08 points to 11,401.01. The Nasdaq index lost 9.48 points to 2,612.83 and the S&P index fell 11.92 points to 1,204.09.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Kona Grill, Inc. (NASDAQ: KONA, Stock Forum)
Kona Grill, Inc., an American grill and sushi bar, has increased its revenue and net income guidance for the third quarter ending September 30, 2011.As the result of strong sales growth during the quarter, the company has increased its third quarter revenue guidance and now expects revenue to range between $24.1 million and $24.2 million, which is a $500,000 increase on the high end of its guidance previously revised on August 1, 2011. The updated guidance anticipates same-store sales growth of approximately 9% over the same year-ago quarter, as compared to 6% growth previously forecasted.

Husky Energy Inc.(TSX: T.HSE, Stock Forum)
Husky Energy Inc. has sanctioned the development of the Liwan 3-1 and Liuhua 34-2 fields, the principal fields of the Liwan Gas Project in the South China Sea. Husky and China National Offshore Oil Corporation (CNOOC) are jointly developing the project, which aims to bring to market at least three natural gas discoveries on Block 29/26, located approximately 300 kilometres southeast of Hong Kong. The Overall Development Plan (ODP) for Liwan 3-1 has been submitted to Chinese government authorities for regulatory approval and a gas sales agreement for production from the field is in place.