Options Trading News

February 13, 2013  Wed 7:30 AM CT


Secures Control of Media Empire

Comcast announced it would buy the 49 percent of NBC Universal it didn't already own from General Electric, in a deal valued at $16.7 billion. That has CMCSA higher by 8 percent and GE up almost 3 percent before the bell on my tradeMONSTER platform.

Sterne Agee Thinks Groupon Is Too Cheap

Groupon was upgraded to "neutral" from "buy" at Sterne Agee, with a $9 price target. GRPN, which closed at $5.29 yesterday, climbs 7 percent in early trading.

Bankrate Plunges on Weak Results

Bankrate earned just $0.06 a share in the fourth quarter on revenue of $93 million. Analysts had expected $0.11 and $106.3 million, respectively. RATE is getting hammered, with a drop of almost 20 percent in the premarket.

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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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