Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

PHM the third gapper 'n snapper this week (SLAB, CECO and PHM) e-mail ALERTS were sent out last night on potential gap plays in PHM and VRTS and RNBO. (Also of course reiterated in the newsletter 2 days in a row RYL and PHM (today just PHM) We thought the PHM rally would last though until 10:30 and 11:00 but they are soaring simply because folks are not interested in buying BLIMPY tech stocks when the p/e of the building sector is so low. LEN puts 80 are probably gone with the wind, but heck 2 strong longs in RYL and PHM are well ahead of any loss in the PUTS.
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The ALERT we sent on the building sector

last night PHM....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)....

October 21 e-mail for RYL: 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.