Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Took another 35% profit on IBM calls and gain this morning from 91 (posted triggers 2 days in a row) (as well as yesterday (35% on those calls) calling in the "chips" and still holding 25% position 95 calls (10) October. The "bird in hand" strategy <g>

I DID NOT short IBM, I just prefer buying off bounces but its just as easy to short the 92.50 area as next resistance or play this as a reversal play (12:00 is usually beginning of a minor intraday reversal period and also the doldrums which begin at 11:30 and end at 2:00, don't usually make any trades during this time so I didn't bother to short)