Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

EBAY, GTRC and QCOM down in after hours! Mardi Gras for shorting spike highs (QCOM) or just plain shorting (i.e. EBAY, NSM). We did take a chance with NSM #1 on our newsletter for a short but #2 also a short which was EBAY was not risky just plain good. Intraday we do have some reversals off downside (CHK,PNRA, of course SNDK) but essentially except for SNDK, all retriggered short after consolidation. Once again the 60 minute chart for the COMPX shows no sign of taking out overhead resistance so we'll continue to short rallies on significant techs while going long/short selectively our EARNINGS PLAYS. Buying a BULL TRAP is not a rally, but a blooper!