Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

COGN up 10% (cumulative today and after hours) however we can tumble on any gap (like we did with SHRP, BBBY(yest) We are prepared, and traders might consider following through for a possibly gap 'n crap short. The gap up 'n crap is alive and well and will no doubt infiltrate like termites after earnings reports. That is why we went ahead of the report with RIMM and will with others (If you can't get an uptick to short (use 3 minute charts)consider a quick buy in April 30 puts. Of course if the market continues to be very frisky, there might be some more upside but COGN is no APOL or NKE.