Options Trading News

June 18, 2013  Tue 7:27 AM CT


Third Point Seeks Entertainment Spinoff

Hedge fund Third Point, run by Daniel Loeb, increased its stake in Sony and is now urging the board to spinoff the company's entertainment business. That is pushing SNE higher by 4 percent before the bell on my tradeMONSTER platform.

Camtek Higher on Equipment Orders

Camtek, which provides semiconductor-inspection gear, announced a deal to sell 10 of its systems to with an Asian outsourcing company. CAMT advances more than 10 percent in the premarket.

GenMark Lowers Guidance

GenMark, a provider of molecular-testing equipment lowered its full-year revenue guidance to $30 million from $35 million, citing uncertainties about revenue contribution from its largest customer. GNMK falls 7 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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