Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Traders (swing as well as position traders) bailing out of over priced, over hyped crap like Yahoo and Amazon and EBAY looking for cheaper stocks with better p/e's and even INTC is a better buy than the other crap. They should be priced at the prices of INTC NOW FUNDAMENTAL realities are important as we've learned this from 6 1/2 years trading the earnings plays. STOCKS SELL OFF during earnings season when the fundamental realities catch up with them. SNPS was our latest "conquest" on that front.


As it goes value stocks are moving higher and so is my portfolio which now still has only 8% from 10% techs. The shorts are moving up while value is moving higher. Folks that continue to think FUNDAMENTALS are not much are losing their shirts. Traders wearing blinders and not checking out earnings reports and their results, analysts reports (not those on IHUB! the real ones) and fundamental p/es are paying the price. ELX moved from 31 to 22.60 in just nearly one month with the buld of the move just since earnings (and this was our earnings gap and crapper) and was put directly into that crapper after that, and the p/e is still 44.