Options Trading News

December 6, 2012  Thu 7:28 AM CT


Results Miss and Guidance Is Lowered

Men's Wearhouse reported third-quarter earnings of $0.95 a share, missing the $0.97 consensus forecast. Revenue of $630.97 also missed the $631.30 expected by analysts, and guidance was lowered. MW drops 11 percent before the bell on my tradeMONSTER platform.

Vera Bradley Issues Weak Guidance

Vera Bradley's results beat forecasts, but the guidance was poor. Fourth-quarter earnings will be no more than $0.57 a share on revenue of $159.52 million. The Street was looking for $0.60 and $159.52 million, respectively. VRA drops 10 percent in the premarket.

Finisar Earnings and Revenue Beat

Finisar earned $0.15 a share, compared with the $0.14 consensus number. Revenue of $232 beat the $231 million estimate as well, and FNSR is up by 5 percent in early trading.

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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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