Stocks have lifted off session lows but they remain firmly in the red. The S&P 500 is down 0.5%.
Homebuilder stocks appear to be poised for their second day of gain as the group got a boost from the better-than-expected new home sales. PulteGroup (PHM 13.42, +0.13), Standard Pacific (SPF 6.56, +0.06), and MDC Holdings (MDC 34.14, +0.26) are all up near 1.0%, while Toll Brothers (TOL 33.18, +0.17) is higher by 0.5%.
BCDH - Trade Alert
Up 21.05% in morning trading to $.023 with 3.5M shares traded
Black Castle Developments Holdings, Inc. is a holding company focused on the merger and acquisition of undervalued, revenue-generating companies that operate in high-growth niche markets. BCDH plans to leverage its management resources and status as a public entity to assist acquired companies to achieve and/or grow their profitability. Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH) announced yesterday that it has signed a Letter of Intent (LOI) to acquire 100% of Global Force, LLC, an international sales and marketing company with over 20 years of experience representing the world’s largest Fortune 500 companies. Global Force has offices in Denver, Colorado, USA; Asia; Europe; and South America. The acquisition is scheduled to close on August 29, 2012.
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AAV – News Alert
Up 11.86% in morning trading to $3.67 with 300K shares traded
Advantage Oil & Gas Ltd. is a growth oriented corporation with oil & gas assets located in western Canada.The company is currently focusing on development and growth of its extensive Montney natural gas play at Glacier, Alberta. Advantage Oil & Gas Ltd. (AAV.TO) (AAV) announced yesterday that it has engaged RBC Capital Markets to market for sale all of the Corporation’s non-core assets, defined as all corporate assets excluding Advantage’s core Glacier Montney natural gas asset and its 21.15 million share ownership position in Longview Oil Corp. (LNV.TO).
To Read Full Story go to: http://www.pennytrader.com/quotes/AAV.php
NEXS – News Alert
Up 10.71% in morning trading to $.155 with 90K shares traded
Nexxus Lighting is a leader in advanced lighting technology, including solid-state LED light bulbs and LED strip lighting systems and controls used in commercial, architectural, signage, and retail lighting. Nexxus Lighting sells its products under the Array™ Lighting and Lumificient™ brand names. Nexxus Lighting, Inc. (NASDAQ: NEXS) today announced preliminary, unaudited financial results for the second quarter of 2012. The Company anticipates that its quarterly report on Form 10-Q for the three months ended June 30, 2012 will be filed no later than September 28, 2012.
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