Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SNDK, MERQ, CCMP done for now. We got some "calls" in earnings plays cheaper after the morning pullback. No longer in SNDK but it hasn't exactly exploded with the market, nor has MERQ or CCMP although I would advise those swing shorters and put players to lock in now as we are getting some interesting techs reporting tonight. QCOM and QLGC the calls (part of the QLGC/QCOM straddle) have eroded to such an extent I doubt they have any upside, but you can always look for a new longs QCOM was on Friday's short list after almost a week already shorting and today if finally hit support.