Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

One month with SNPS! GO SNPS! nearing target of 35. one of the best technical charts we've seen! Virtually NO PAUSE IN UPSIDE from the last cover and put play on November 24, 2003. You don't have to wait for the typical 2:00 short covering rally when shorters cover the semi shorts, take their profits and buy the lows or just exit. SNPS from earnings report we held 30 December, 32.50 December and now 35 calls January. We are not all around bearish on semis, just very, very selective <g> We are doing the same with BMET and the builders leaving scalping to other traders we MILK THE EARNINGS PLAYS both before, during and well after the report. 3 retailers and one software are on deck for next week, with very dire expectations for the retailers but we've already gotten some short profits so we'll see.



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http://www.marketgems.com/SNPSlastday.gif

We finished the trade of the 30 puts by 11/24 started shorting SNPS at 11/05

http://www.marketgems.com/SNPSsnippedmore.gif

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