Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SNDK yep..today we finally called the March calls (55's were changed to March 50's after the move down (since the calls were a special option play in today's newsletter which was sent out yesterday evening) but we were 'snapping up SNDK' long and calls by the 11:00 reversal. I think we take out 55 from here (20 dma) and we take one step at a time. By the way LEXR was on our long list today as well. SNDK has either gapped up and crapped by 10:00 or pulled back and recovered by 11:00 in the last 4 session, if it doesn't break down by 10:00, we might be higher from here. I would take it slowly though, let winners run but don't let any losers get the best of you.