Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Last 4 newsletters, Note that yesterday's newsletter we already were prepared for the downside to EXHAUST itself by 10:00 a.m. So much for the bull and bear tug 'o war <g>. BRCM was already posted only as a long yesterday. Our traders were very short though on Monday and Tuesday (especially RIMM, NFLX, QLGC, SMH, even a juicy eBAy and QCOM short). All the while they were keeping up with our earnings plays (RHAT, GS) and long plays across sectors (CECO, BIIB, SHRP, etc). Play the trend for the day, don't prognosticate what will be in the future, or the real change of trend will pass you by while you jotting down chart patterns for longer term upside. If we get more, we'll take it, if not, we'll play our earnings plays with increasing gusto (we'll do that anyhow).

http://www.marketgems.com/March25backissue.asp
http://www.marketgems.com/March24backissue.asp
http://www.marketgems.com/March23backissue.asp
http://www.marketgems.com/March22backissue.asp

RIMM also sent out as special email update about midnight. Basically we were out shorts yesterday except some AMZN, LEN puts, GS puts..AMZN which were stopped out profitably. A position in QCOM was begun yesterday (65 calls) so it was also on today's newsletter ONLY FOR UPSIDE and it was "frozen" for a while until it finally broke out to upside.

Naz biggest gain in 9 months. We figured it would EXPLODE BEFORE FRIDAY and it did! No short triggers on today's newsletters as we expected upside. Of course it was hinged on the morning move in SMH, which we figured was key to the city. If we continue up or not we got 3 days of upside rolled into one! Prognosticators were still figuring out when the rally will be and we hope they have figured it out by now!