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January 17, 2013  Thu 7:29 AM CT

CBS: SEE CHART GET CHAIN FIND STRATEGIES

Strategic Move Seen Unlocking Value

CBS announced it would convert its billboard operations into a real-estate investment trust, lowering its tax bill in the process. The company's overseas properties will also be sold. That's sending CBS higher by almost 10 percent before the bell on my tradeMONSTER platform.

eBay Earnings, Revenue Beat Consensus

The online auction giant reported fourth-quarter earnings of $0.70 a share on revenue of $3.99 billion. Analysts had expected $0.69 and $3.98 billion, respectively. The beat is sending EBAY higher by 3 percent in early trading.

K-Swiss Pops on Takeover News

The sneaker maker agreed to be acquired by South Korea's E.Land World for $4.75 a share. That's a nice premium to its $3.19 closing price yesterday, and KSWS is rocketing 48 percent on the news.

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Options Academy: Ron's Risk Calculation--A Real Life Example

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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