Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

BSTE, CCMP and SNDK sell any and every rally holds for these POS companies. BSTE target like to to be as low as 25 but very next support is 27. SNDK target is 55, CCMP is 40 to 41 on the button. TIP: when reports are lousy to begin with, don't expect a general market pullback to have mercy on these losers. We need upside because we need upticks to short. The SMH you can short outright or buy the puts (February 40) or just short it outright 41 next target for SMH ultimately 40 or lower.