Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Well for PNRA we did say it would move up before it crashed. Our target for a long was 47.80 because we thought it would move up to prior resistance and crash, we were prepared but not completely so we were only able to buy the puts. Later in the after hours PNRA was down to 41.50. Its important to main a perspective of which stock could sell off and which will be buys and not put up a blanket statement of "we will rally" "we won't rally"