Options Trading News

March 13, 2013  Wed 7:30 AM CT


Fusilev Sales to Fall Sharply

Spectrum Pharmaceuticals predicted it will bring in no more than $90 million selling its Fusilev cancer drug this year. That's a huge drop from 2012's $204 million, and the stock is getting hammered. SPPI drops 35 percent before the bell on my tradeMONSTER platform.

Velti Earnings, Revenue Miss

Velti, which provides mobile marketing technology, earned $0.39 a share in the fourth quarter on revenue of $97.5 million. Analysts had expected $0.59 and $106.9 million, respectively. VELT drops 28 percent in the premarket 

ASM Divestiture Leaves Bitter Taste

ASM International said it plans to divest its stake in ASM Pacific Technology, but Bloomberg is reporting that it will result in maximum proceeds of $567 million. Investors had hoped for more, and ASMI is down 13 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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