Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Congrats those that held EBAY 60 puts or shorted and held through the gap 'n crap today. Those of you who bought off the consolidation we posted did well also. We did post possible areas of breakout early on but i'm still looking to short rallies and/or 59 resistance. If there is a reason to go long intraday we'll do it, but after today's move we might pick up some much cheaper calls at a discount. Not a diehard here, might even pick up some QLGC calls for the straddle, so far only in the 50 puts for November. QLGC did rally off the 200 period today as we posted, however not looking for more than a daytrade and 2-trend day for QLGC.. 10:00 spike high reversal towards the bounce off the 200 and perhaps a second buy at this bounce. No need to go scalping QLGC for tiny profits if you have these support/resistance areas on your monitors.