Options Trading News

February 8, 2013  Fri 7:28 AM CT


Strong Results for the Networking Site

LinkedIn earned $0.35 a share in the fourth quarter on revenue of $303.6 million. Those results beat the estimates of analysts who had only forecast $0.19 and $279.5 million, respectively. Guidance was also strong as the business-networking company continues to grow. LNKD rallies 10 percent before the bell on my tradeMONSTER platform.

Activision Earnings, Revenue Beat Consensus

Activision Blizzard earned $0.78 a share in the fourth quarter on revenue of $2.6 billion. Analysts had only expected $0.72 and $2.44 billion, respectively. Management credited strong sales of its "Call of Duty" and "Skylanders" games. ATVI is up 8 percent in early trading

Bears Hammer Nuance as Costs Mount

Nuance Communications earned just $0.35 in its first quarter, missing the $0.36 average analyst estimate. Revenue matched expectations, but full-year profit guidance was lowered as margins come under pressure. NUAN drops 16 percent in the pre-market.

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The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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