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The Night Watch: Wet Seal Bounces Following Guidance

Volume is heavy, but most issues are hovering around the flatline.

Updated from 5:33 p.m. EDT

American Business Financial Services

(ABFI)

was one of the biggest losers in the late session, dropping 2.1% to $14, after the company lowered itsearnings guidance for the fiscal year. The company is now expecting income of $2.40 to $2.60 a share, compared with a previous forecast of $2.80 to $3.10 a share.

Retailer

Wet Seal

(WTSLA)

said it expects to earn 32 cents a share in thethird quarter, matching the consensus estimate. The company also saidsame-store sales started to pick up after the terrorist attacks lastweek. Investors in the extended session pushed Wet Seal up 3.9% to $15.75 and made the stock one of the biggestgainers on Instinet.

Some of the big losers included

Homestore.com

(HOMS)

, which lost 13.8%on light volume, and

Astec

(ASTE) - Get Astec Industries Inc. Report

, which shed 8.7% to $12.92.

Immunex

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TheStreet Recommends

(IMNX)

was the top volume mover on both Island ECN and Instinet,but was off only slightly on both. The stock lost 0.3% to $18.10 on Instinet anddropped 0.6% on Island. The company gained 10.9% during the regularsession.

Volume was heavy, with 6.8 million shares changing hands in the firsthour of the extended session on Instinet. However, there wasn't much changeamong the most active as none of the stocks moved more than 1% either way.

Intel

(INTC) - Get Intel Corporation Report

, the second most active stock, was off 0.8%, followed by

Oracle

(ORCL) - Get Oracle Corporation Report

, which lost 0.1%.

Microsoft

(MSFT) - Get Microsoft Corporation Report

lost 0.5%, and

CabotMicroelectronics

(CCMP) - Get CMC Materials Inc. Report

slipped 0.3%.

Dell

(DELL) - Get Dell Technologies Inc. Class C Report

, which dropped 8.4% in the regular session, remainedunchanged.

Sun Microsystems

(SUNW) - Get Sunworks Inc. Report

, also a big loser in Nasdaq trading onThursday, lost an additional 0.4% in the after-hours.

Island ECN offers trading, mainly in Nasdaq-listed stocks,from 7 a.m. to 8 p.m. EST.

Confused?

TheStreet.com

explains how the rules change whenthe sun goes down in Investing Basics: NightOwl, a section devoted to after-hours trading.