Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

DISH (straddle about $2.00) for Fri with possible "anticipatory upswing" on Thursday. We did have some upside anticipatory upswing in DISH already today and on Monday of course, but we expect climactic volume and potential for another earnings run tomorrow. We are looking at the 35 or 32.50's but waiting for the volume increase we might have both positions as far apart as 4 to 5 hours depending on how DISH performs tomorrow. Bias is to the downside following the report, but there is plenty of time left before Friday's report. Its important to follow through earnings plays from about 3 to 5 days in front of the report (dependent on any subtle increase or decrease in price/volume of course), through the report and after the report. Some traders just hold or call through the report, risking money and ending up wondering why companies with so-called "good reports" like GS are down so much!