Today on Stockhouse
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Peter Kennedy reports on how a gold mine dispute is dogging a B.C. junior in his Stockhouse Short Report.
Top Bullboards post: V.STA has put out a good press today dealing with results from three holes on lands adjacent to the Cote Lake deposit with a hole being 250 meters west of the nearest TRR hole. As many know STA is working to earning its 50% interest in adjacent claims (lands that were Augen Gold before TRR bought out them out). This bodes well for both companies, more gold the better! From wallyz on the Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) board.
Top Bullboard: CardioComm Solutions (TSX: V.EKG, Stock Forum) received the second-most reads and posts on a day its stock popped more than 35%.
Top blog:littleguy123 writes about what he calls the foreclosure fraud fantasy in the Outside the Market blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“A 10% move (in the Volatility Index), that’s a little unsettling,” said Randy Frederick, director of trading and derivatives at the Schwab Center for Financial Research, in an interview with MarketWatch. “It doesn’t represent huge panic, but as people get too complacent, they need to be reminded all is not well in the world, although domestically, things have improved.”
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| AsiaInfo-Linkage (NASDAQ: ASIA) |
Q4 |
$0.32 vs. $0.37 |
|
| Cover-All Technologies (AMEX: COVR) |
Q4 |
$0.06 vs. $0.05 |
|
| Diebold (NYSE: DBD) |
Q4 |
$0.84 vs. $0.73 |
|
| Ecolab Inc. (NYSE: ECL) |
Q4 |
$0.70 vs. $0.60 |
|
| TAL International Group (NYSE: TAL) |
Q4 |
$0.99 vs. $0.76 |
|
| Vitamin Shoppe (NYSE: VSI) |
Q4 |
$0.33 vs. $0.22 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| First Majestic Silver (TSX: T.FR) |
Q4 |
$0.26 vs. $0.14 |
|
| Orbit Garant Drilling (TSX: T.OGD) |
Q2 |
$0.10 vs. $0.08 |
|
Today In The Markets
Stocks down sharply as Greek bailout put on hold, Chinese data disappoints
|
| DJIA |
12,801.23 |
-89.23 |
 |
|
| NASDAQ |
2,903.88 |
-23.35 |
|
|
| S&P500 |
1,342.64 |
-9.31 |
|
|
| S&P/TSX |
12,389.42 |
-108.52 |
|
|
| S&P/TSX Venture |
1,653.55 |
-11.27 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market was deep in the red Friday amid doubts as to whether Greece can muster the political will needed to comply with eurozone conditions that would allow it to secure a much-needed bailout in order to avoid bankruptcy.
The resource-heavy TSX was also under pressure following the release of disappointing economic data from China, a major buyer of commodities. The S&P/TSX composite index fell back 108.52 points to 12,389.42 while the TSX Venture Exchange dropped 11.27 points to 1,653.55.
U.S. markets were also negative with the Dow Jones industrials falling 89.23 points to 12,801.23.
The Nasdaq fell 23.35 points to 2,903.88 and the S&P 500 index declined 9.31 points to 1,342.64.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
War Eagle Mining Company Inc. (TSX: V.WAR, Stock Forum)
War Eagle Mining Company Inc. is terminating its previously announced amalgamation agreement with Andromeda Resources Inc. due to Andromeda's breach of a key warranty under the agreement. The proposed transaction would have constituted a reverse takeover of the company by Andromeda. Andromeda did not make the required December 2011 payment under the purchase agreement to acquire the Terrazas property.