Options Trading News

December 13, 2012  Thu 7:33 AM CT


Sprint Nextel Confirms Bid for Shares

Clearwire has been rallying on speculation that Sprint Nextel would acquire all outstanding shares in the broadband firm. S confirmed that chatter this morning by offering $2.90 a share for the company. But CLWR is now trading north of $3, up 12 percent, so it looks like traders expect that number to go even higher!

Is Takeover in the Works for Best Buy?

Best Buy has been the subject of takeover chatter in the past, and today the Minneapolis Star Tribune says a deal is imminent. According to the report, Richard Shulze will offer at least $5-6 billion for the company. BBY climbs 15 percent before the bell on my tradeMONSTER platform.

Boston Beer Issues Higher Guidance

Boston Beer raised its guidance for the year, targeting per-share profits of $4.30 to $4.60. That compares with earlier expectations of $3.80 to $4.20. SAM climbs 12 percent in early trading.

Endo Health Won't Make Its Numbers

Endo Health Solutions announced that it won't meet its financial projections for 2013. Management expects to provided an updated outlook in early January. ENDP, which faces increasing generic competition for its drugs, is down almost 6 percent in the premarket.

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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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