The market continues to rally this week on hopes of a euro debt deal. Gold and oil also rallied today. Gold is up nearly $70 at $1,660 an ounce and oil is up over 3 dollars at 83.67. The Dow is up over 300 points right now as investors hope to see a resolution to the Greek debt crisis. The Nasdaq and S&P are both up nearly 3% right now.
Blockbuster continues to see big intraday gains after announcing its new streaming service last week.
Shares of Blockbuster Inc. (OTC:BLOAQ) are up 30% today at $0.1828 with an intraday high of $0.20. BLOAQ continues to see big intraday moves after the company announced a new streaming service last week. BLOAQ has traded over 30 million shares so far today, about 10 times its average volume.
Compass Biotechnologies Inc. (OTCBB:COBI) saw a big move this morning after announcing its is seeking drugs to fight and prevent HCV infection. COBI also announced it is expanding its relationship with PanGen Biotech and enters $13 billion global laboratory reagents market. COBI is currently trading at $0.05 and was as high as $0.08 shortly after market open. COBI has traded over 4.3 million shares today, well above its daily average of just 100 thousand shares.
Elite Pharmaceuticals Inc. (OTCBB:ELTP) is up 21% at $0.0910 with an intraday high of $0.1040. ELTP announced this morning that the company and ECR Pharmaceuticals launch Lodrane D(R) allergy product. Following this news, ELTP has traded over 8.4 million shares.
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