Earnings from JPMorgan Chase & Co. sent the Dow lower today as the company reported a slow down in investment banking hurt its results in the third quarter. JPMorgan is seen as the one of the industry’s leaders, so these earnings do not look good for the other banks that start reporting next week. The major indexes are either unchanged or down about 0.5% with 2 hours left in the trading day.
BLOAQ is the big loser today while everyone still has their eyes set on RAYS.
Raystream Inc. (OTCBB:RAYS) is up 4% today after the company announced its first customer contract. RAYS is currently trading at $1.69 with an intraday high of $1.70. Over 2.4 million shares of RAYS have been traded so far toda.
VisualMED Clinical Solutions Corp. (OTC:VMCS) is up 100% today at $0.0170 with an intraday high of $0.0287. VMCS has traded close to 8 million shares today, way above its average volume of 242 thousand shares.
China YiBai United Guarantee International Holding Inc. (OTC:CBGH) is up over 50% today with over 2 million shares traded. CBGH is currently trading at $0.0450 and was as high as $0.0650 earlier this morning.
Blockbuster Inc. (OTC:BLOAQ) is down over 80% today as it resumes trading. BLOAQ was halted in September after the company reported that sales of all Blockbuster’s assets to Dish Network was completed. Nearly 30 million shares have been traded so far today, well above its daily average of around 5 million shares. Trading bankrupt companies is extremely dangerous because you never know when the stock will be halted. Plus, stock of BLOAQ is essentially worthless.
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