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October 10, 2012  Wed 7:32 AM CT

TRLG: SEE CHART GET CHAIN FIND STRATEGIES

Apparel Company Forms Special Committee

True Religion Apparel said it’s forming a committee to explore selling the company after receiving interest from potential buyers. The board hired Guggenheim Securities as its financial advisor. TRLG rallies 23 percent before the bell on my tradeMONSTER platform.

Helen of Troy Misses Estimates, Lowers Guidance

Helen of Troy earned $0.72 a share in its second quarter on revenue of $287 million. Analysts had expected $0.85 and $310 million, respectively. Management also cut guidance, citing a “continuingly challenging retail sales environment.” HELE drops 8 percent in early trading.

Cummins Plans Job Cuts As Growth Stalls

Cummins lowered its full-year revenue outlook to $17 billion, down from previous guidance of $18 billion, because of weak demand. The maker of diesel engines now plans to close factories and lay off 1,500 workers to save money. CMI drops 4 percent on the news.

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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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