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October 28, 2013  Mon 7:36 AM CT

BMY: SEE CHART GET CHAIN FIND STRATEGIES
Chinese Firms Miss Expectations

The Beijing-based web portal reported an unexpected third-quarter loss of $65 million, citing higher costs and a special dividend. Even worse was disappointing numbers from Sohu's online-game subsidiary Changyou.com, which missed earnings expectations. SOHU is down more than 9 percent to $74, while CYOU plunging about 16 percent to $30 in the pre-market.


Bristol-Myers Higher on Upgrade

The drug developer was upgraded by Morgan Stanley to "overweight" from "equal weight" with a price target of $60, raised from $45. Bristol-Myers Squibb pulled back after reporting quarterly results last week but is bouncing this morning. BMY is up nearly 3 percent to $50.19 on tradeMONSTER's extended-hours platform.
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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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