FMCN in Q3 reported major beat in sales by +$22 million......
Q3 EPS in-line......
Margins took a hit in Q3...reason..... integration issue and some low margin acquisition...
FMCN predicting improving margin in internet ad......
FMCN guiding Sales Higher by $ 22.40 million.....in Q4...
Q4 guidance... eps in line of 49 Cents.......
Stocks down another $4 for a total of $6.05 down for the day.......
By 6.17 PM volume traded AH is 462,524 in 77 minutes.......
Please make your own decision about FMCN.......
I will be listening to their CC @ 8PM...and will post my take around 8.45 AM.......
My portfolio was down 1.4%...but my short in Canadian $ will makeup for all the loss....I will know the exact $ amount in the morning account update.
HPQ reported better than expected numbers and guiding higher also......
Markets are reaching august lows...S&P 500 august low was 1406.......today we closed @ 1433.27.....
Markets are extremely unpredictable these days...I am maintaining my comfort level with reduced exposure........
No one can predict when this market will turn......but we are definitely in deep deep oversold territory.....so a bounce can come anytime...then I am ready with 4 stocks to participate.....
Strong stocks will perform better in this difficult market.......
Good luck on fed minutes release for tuesday trading.......
BLOG does not give buy or sell.
Saleem
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