OPTIONSMART MORNING UPDATE: Surging on strong earnings
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October 20th, 2009 at 7:33 am
OPTIONSMART MORNING UPDATE: Surging on strong earnings
1. OUTLOOK: Apple beat estimates after the close, thanks to strong sales of Mac computers and iPhones. Shares jumped 9% after hours. Texas Instruments also reported results after the close. The chipmaker reported weaker quarterly earnings and revenue that topped estimates. Shares gained 3% in after-hours trading. Bullish sentiment prevails. More upside seen. U.S.futures point to a higher open.
2. TRADING OPPORTUNITY: n/a
3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH PARTICIPATING BROKERAGES: to be published in late October.4. WISDOM NUGGETS: Some traders consider trading as a sort of gambling. Without planning and calculations, they throw money at the market. They should distance themselves from gambling behavior. Why a scientific approach is applicable? Markets echo similar patterns over and over again.
5. SPECIAL OFFER: n/a
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