Chuck Mikolajczak, Reuters

Wall Street drops as earnings, Spain’s debt spark fears

(Reuters) – Stocks slid more than 1 percent on Tuesday as poor earnings from major multinationals confirmed fears about the slowing global economy and Moody’s downgraded credit ratings for regions in Spain.

A number of the disappointing results including Dupont and United Technologies came from companies with operations across the globe and in many industries. The weak earnings and dwindling revenues have led to cost-cutting that will add to lost jobs in order to protect profits.

“The writing has been on the wall for a while,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.


Yesterday’s Top Performing Small Cap Stock:

American Seniors Association (Pink Sheets: AMSA)

American Seniors Association was a SmallCapVoice top performer closing up over 11% on trading volume of 3,800 shares.

American Seniors Association Announces Formation of Non-Profit Organization to Give Seniors a Voice in Public Policy

ALPHARETTA, GA-(Marketwire – Oct 22, 2012) – American Seniors Association Holding Group, Inc. (PINKSHEETS: AMSA) (“ASA’) announced today that they have formed American Seniors Advocates, a Virginia based 501 (c)(4) non-profit organization that will be the National public policy and media voice for ASA Members and our nation’s seniors.

American Seniors Advocates is created for the purpose of giving ASA and its membership a national voice in the development of public policy on the issues of Social Security, Medicare and tax reform.

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Medical Marijuana Inc. (Pink Sheets: MJNA)

Medical Marijuana Inc. was a SmallCapVoice top performer closing up over 4% on trading volume of 10,412,349 shares.

Medical Marijuana Inc. Dixie Elixirs and Edibles Brand Lands October 22 Front Page Cover Story of Newsweek

Also Recaps 60 Minutes “Rocky Mountain High’ Segment that Aired October 21

SAN DIEGO, Oct. 22, 2012 /PRNewswire/ – Medical Marijuana Inc. (OTC: MJNA), a leading hemp industry innovator, is pleased to announce that its portfolio company, Red Dice Holdings, received national media attention for its Dixie Elixirs & Edibles brand on the 60 Minutes “Rocky Mountain High’ segment this past Sunday, October 21. Today, Dixie Elixirs and Edibles landed on the front-page of Newsweek in a story entitled, “The New Pot Barons.’ 60 Minutes, the most successful television broadcast in U.S. history, draws an average of over 13 million viewers a week. Newsweek circulates internationally to over 10 million readers through its print and online subscriptions.

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Today’s Hot Stock to Watch:

PositiveID Corporation (Pink Sheets: PSID)

PositiveID Corporation Provides Third Quarter 2012 Update

Company Continues Discussions With Several Potential Strategic Partners to Position Itself for the BioWatch Generation 3, Phase II, First Stage Which is Planned to Begin Later This Year With the Release of a Draft Request for Proposal

DELRAY BEACH, Fla., Oct. 22, 2012 (GLOBE NEWSWIRE) — PositiveID Corporation (“PositiveID” or “Company”) (OTCBB:PSID), an emerging growth company and developer of airborne bio-threat detection systems for America’s homeland defense industry as well as advanced technologies for diabetes management and rapid medical testing, today provided a third quarter 2012 business update to its stockholders. The Company continues to focus on the BioWatch Generation 3, Phase II procurement. In September, the Department of Homeland Security (“DHS”) announced a revised procurement strategy for BioWatch Generation 3, Phase II, which will consist of a two-stage procurement including two to three years of testing estimated at $89 million. A draft request for proposal (“RFP”) for the first stage is scheduled to be released in the fourth quarter of calendar 2012.

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Fairmount Resources Inc. (Pink Sheets: FRSSF) (TSX-V: FMR)

Goldman Small Cap Research Issues Research Report on Fairmont Resources Inc.

BALTIMORE, Oct. 22, 2012 (GLOBE NEWSWIRE) — Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, has issued research coverage of Fairmont Resources Inc. (TSX-V:FMR) (OTCPK:FRSSF), an aggressive explorer focused on the development of strategic properties in the Thunder Bay region of Ontario.

Fairmont Resources’ key projects, Marmion South Contact, Powell-Clay, and Houghton Creek properties are all located in the mining friendly jurisdiction of Ontario, which have a history of not only past production but recent discovery. One of these properties, Marmion South Contact, is contiguous with Osisko’s well-known Hammond Reef gold deposit which contains an 43-101 compliant inferred resource of 10.52 million ounces of gold at 0.62 g/t. The Hammond Reef project has been one of the largest drilling/exploration projects in North America in the last couple of years.

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Other Small Cap News

EKO International Corp. (Pink Sheets: EKNL)

A New Audio Interview With Dr. Paul Ziemer a Director for EKO International Corp. and President of NeuroVasc Clinical Inc., is Now at

AUSTIN, Texas, Oct. 23, 2012 (GLOBE NEWSWIRE) —, Inc. announced today that a new audio interview with EKO International Corp. (EKO) (Pink Sheets:EKNL) is now available. The interview can be heard at

Dr. Paul Ziemer, a Director for EKO International Corp. and President of NeuroVasc Clinical Inc., called into to go over the business model, market, the recent news for company and much more. The interview also includes the major milestones achieved by the company so far this year and the goals for the remainder of 2012.

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