Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

KLIC I love it.. especially under 12.80 which was my target low for potential entry. But the market internals are pretty bad and I'd like to wait for some NVLS/KLAC mid quarter reports before I'd even consider KLIC for the typical 1 to 1.50 gain and the same on the short side. I love this 3 days of HUGE WIDE RANGE bearish bars.. and as I suggested 15. would be the resistance and short area through perhaps 12.75 or thereabouts. However because there is no buy program yet and shhorters are not even covering yet, I wouldn't enter this dog prematurely (did I say dog? nah I meant trade)KLIC has already given back all of the bear flag from January 20 highs. If folks were holding that in the 17 area expecting to have it go to 20, we were holding it for the move back to 13. One of the biggest gainers in last seve weeks mostly on the short side (110%) as I didn't trust the long side and held overnight only three times and only 25% of the original position. KLIC is on our "terminal short" the rally list. Sometimes a stock moves off the list but so far since January none have.

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