BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Friday, August 25, 2006

H&R Block Inc. shed $1.98, or 8.7 percent, to $20.81 today

H&R Block Inc. shed $1.98, or 8.7 percent, to $20.81 after reporting late Thursday it is setting aside $102.1 million to cover possible losses from having to buy back mortgage loans as borrowers are increasingly missing their early payments. The warning pushed shares of banks with large mortgage businesses sharply lower.