Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SNDK didn't get much above my intraday resistance area of 52.25 so here I would be careful. We got nowhere near that price target of 55. Still feel there are better sectors and much nicer and CLEANER plays than SNDK (take the brokerages and financial service sectors, we are) Be careful folks, don't be rolling money into sectors that might be underperforming. When stocks are expensive (i.e. LEH) there is a reason they are expensive! When stocks like KLIC and KLAC and SNDK are down from huge high levels, there is usually a reason for that.