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May 21, 2013  Tue 7:26 AM CT

HD: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Sales Beat Expectations

Home Depot earned $0.83 a share in the first quarter, better than the $0.77 expected by analysts. Sales of $19.12 billon also beat the $18.68 billion consensus estimate, and management raised full-year guidance thanks to the strong housing market. HD climbs 3 percent before the bell on my tradeMONSTER platform.

Kosmos Abandons Cameroon Oil Well

Kosmos Energy announced results from its Sipo-1 exploration well in Cameroon, and the news isn't good. The company "failed to encounter commercial reservoirs" and is abandoning the effort. It will also take a $75 million expense in the second-quarter. KOS drops more than 8 percent in early trading.

Phase III Data Lifts AcelRx

AcelRx Pharmaceuticals reported that its Sufentanil NanoTab pain drug reached the primary endpoint in a Phase 3 trial. Management plans to seek approval for the product in the third quarter. ACRX is up 14 percent in early trading.

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It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

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