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October 17, 2013  Thu 7:30 AM CT

IBM: SEE CHART GET CHAIN FIND STRATEGIES
Quarterly Shortfall Exceeds $1 Billion

International Business Machines earned $3.99 a share in the third quarter, better than the $3.96 expected by analysts. But revenue was just $23.72 billion, well below the $24.75 billion consensus forecast. Full-year guidance was also cut slightly, sending IBM down 7 percent before the opening bell on my tradeMONSTER platform.

Amarin Sees Valuation Cut by More than Half

Amarin announced that a Food & Drug Administration advisory panel voted 9-to-2 against an expanded use of its Vascepa drug. The company wanted it to be used as an adjunct to diet and exercise for certain patients suffering from high triglycerides. AMRN craters 61 percent in early trading.

SanDisk Climbs on Earnings, Revenue Beat

SanDisk earned $1.59 a share on revenue of $1.63 billion. Analysts had expected $1.32 and $1.57 billion, respectively. SNDK climbs almost 5 percent in the premarket.
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Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  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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