Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

PHM.. okay so here's what we do. We advocated going flat into the close. I rode a move up this morning, and shorted (never rode it up a second time) We ride a move up in the MORNING IF IT RALLIES IN THIS PRETTY DISMAL MARKET. We might still be able to short a rally. PHM always has extraordinarily high earnings (so does KBH, RYL and LEN)

Wed Oct 22 15:47:32 2003:marketge [0/] Msg:RYL I suggest we of course go flat in front of tonight's REPORT ON PHM.. we can short this daily at spike highs.. I ran this up a bit this morning as posted in the messageboard.. expecting it to move and it did

THIS IS THE MESSAGE we sent out via email yesterday.

A reminder here that RYL earnings come out sometime before 11:00, so we might see yet another move up in
both RYL, PHM and/or LEN in the morning. Markets willing, you might want to jump in on an early uptrend that might
last until 10:30 or so IN THIS SECTOR ONLY. By mid-day I'd look for shorts in the building sector (SEE THE RYL CHART in the newsletter.