Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MO today's watch list just for upside we are NOT bearish the market just bearish those high p/e blimps (MO as 12.5 p/e) and we ar getting those lower and lower. This the morning pattern you look for traders, not a gap up and quick spike high. The spike high means the traders have lost interest and the stock is closing the loser range of the bar.


YOU BUY OFF the lows at support and you SELL SHORT at the highs (resistance) That has been our strategies even during the 8 good months however, during that time we were able to hold many more swing plays and did almost no shorting. November began shorting with the first "candidate" QLGC and SNDK and starting to limit our long holds to a few days, following the Earnings reports in January it was clear the blimp companies would give back a good deal of the upside they got "on credit" in the prior 6 months. Earnings had to be stellar with guidance raised to keep all the earnings plays from dropping like rocks from their lofty positions. Happens every single quarter for 6 1/2 years and it will happen this quarter also.