First-quarter earnings season nears an end with Hewlett-Packard (

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Browsing in the sports section of the local Barnes & Noble last night I came across a small paperback book with the subtitle The Modern Fundamentals of Golf.  Nothing out of the ordinary just the fact that the book was written by Ben Hogan in 1957!  Still in print after 50 years and over 10 years since the author’s passing, it discusses the modern fundamentals of golf.

 

Whether we are talking about golf or trading the fundamentals never really change. Each golfer has a unique swing.  Just look at the different swings among three of the top golfers in the world: Tiger Woods, Jim Furyk, and Kenny Perry. Different swings with a consistent outcome.  Owe it to the fundamentals. 

 

No different with successful traders.  We all trade differently but the outcome is the

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Browsing in the sports section of the local Barnes & Noble last night I came across a small paperback book with the subtitle The Modern Fundamentals of Golf.  Nothing out of the ordinary just the fact that the book was written by Ben Hogan in 1957!  Still in print after 50 years and over 10 years since the author’s passing, it discusses the modern fundamentals of golf.

 

Whether we are talking about golf or trading the fundamentals never really change. Each golfer has a unique swing.  Just look at the different swings among three of the top golfers in the world: Tiger Woods, Jim Furyk, and Kenny Perry. Different swings with a consistent outcome.  Owe it to the fundamentals. 

 

No different with successful traders.  We all trade differently but the outcome is the

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Barnes & Noble Inc.'s (BKS) shares are up almost 6% today with volumes that are double normal levels.

The nation's largest bookstore chain reported 4Q08 earnings of $1.67 per share, excluding items, beating the consensus estimate of $1.48.

Same-store sales declined 7.3% in the quarter as consumers cut back on discretionary spending during the crucial holiday season. Through the quarter, BKS opened 5 stores and shut 7 of its namesake and 19 B. Dalton stores.

The retailer expects full fiscal 2009 earnings to range between 95 cents and $1.25 amid a challenging environment, which is in-line with the consensus estimate of $1.14.

BKS is currently a Zacks #3 Rank ("Hold") stock.

"BKS" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Back after the close with a video. If you are bored check out the SAMPLE PAGES of my book. To clear up any confusion, books will be shipped on JUNE 7 and they are only available at www.technicalanlsysisbook.com You will not find the book on Amazon, in Barnes and Noble or anywhere else. The logic of the sells in this trade are clearly outlined in the book.