Options Trading News

September 6, 2013  Fri 7:31 AM CT


Traders Look Past Top Line Miss

Quicksilver earned $0.10 a share, well above the $0.04 expected by analysts. Sales missed, but the company is gaining traction overseas--especially in Europe, the Middle East, and Africa. Investors are focused on that progress and the strong margins, bidding ZQK up by 13 percent before the opening bell on my tradeMONSTER platform.

Ambarella Tops Expectations

Ambarella, which develops video chips used for high-definition display, earned $0.26 a share on revenue of $37.7 million in its second quarter. The Street was only expecting $0.19 and $36 million, respectively. AMBA pops 10 percent in the pre-market.

Finisar Paints Bullish Picture

Finisar's results matched expectations, but management predicted earnings of $0.37 to $0.41 a share for the current quarter. That's well above the $0.31 consensus number. Revenue is seen at $277 million to $292 million, also better than the $273 million average forecast. FNSR gains 6 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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