Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SNDK.. a case of too much optimism too soon. Traders tend to prognosticate before all the evidence is in. Those that prognosticated moves to 55 and even 60 were way premature. What I wonder is how traders can call targets after a stock is so, so depressed. We did expect some bounce in SNDK which we attributed to an "exhaustion move of upside" following yesterday's rally, but even momentum tends to exhaust itself by 10:00