TGT 51.79 -1.39. Volume is showing this downtrend may fail to test the November 20 lows.
CSCO 28.99 +.19. Reached high of 29.54 in the morning.
HRB 18.55 -.87. While I don't want to short at the lows, HRB is saying they won't be in regulatory compliance. This would force asset sales at depressed prices.
H&R Block says may need more financing
NEW YORK (Reuters) - Top U.S. tax preparer H&R Block Inc (HRB.N) said on Thursday its borrowing capacity may not be sufficient to meet its financing requirements and it may have to issue additional debt or equity.
The company, whose shares were down 3.5 percent, said in a regulatory filing that it had been "significantly and negatively impacted" by the subprime mortgage meltdown.
It said it does not expect to be in compliance with a plan for a minimum capital ratio that it set with the U.S. Office of Thrift Supervision (OTS) in July. It had previously said it expected to hit the target by April 30, 2008.
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