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March 27, 2013  Wed 7:30 AM CT

LNN: SEE CHART GET CHAIN FIND STRATEGIES
Earnings, Revenue Beat Expectations

Lindsay, a provider of irrigation equipment, earned $1.50 a share in its second quarter on revenue of $175.5 million. The Street only anticipated $1.30 and $163.3 million, respectively. Its backlog also nearly doubled to $159 million. LNN climbs 4 percent before the bell on my tradeMONSTER platform.

Francesca's Investors Selling Shares

Francesca's Holdings announced some of its major shareholders, including members of management, will sell 7.39 million shares. That represents roughly one-fifth of the float. FRAN drops 5 percent in the premarket.

Mattress Firm Higher on Revenue Guidance

Mattress Firm reported weak fourth-quarter earnings, but it projected 2013 revenue of $1.24 billion to $1.25 billion. That's better than the $1.21 billion expected by analysts, and MFRM climbs 3 percent in early trading.
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Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

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