Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

CECO!! NTAP 21 our pivot and 22 target, was that second tech we mentioned earlier. Now we have a diversified trading bunch (on long side) and no need to scalp (basically no changes since 10:00 AND 10:30 pretty much the same holds NTAP and SNDK are satisfying and we don't need to look for exotic and multiple entries/exits intraday. Easy trading day (except for some fun plays on DISH intraday, very solid moves our charts gave the direction and no gaps today made it easier with SNDK and NTAP as well as the Dow stocks and GORGEOUS CECO) QCOM is lagging so we have shorts set up as hedges against our 65 calls. Some of our potential plays never hinted at a trigger and were not called or emailed (SWFT short, BLUD short,SOHU long, SHRP dead cat bounce, so they were invalid from the outset making it easier to zero on those that were clearly triggers)Short/long/short/long/etc.. triggers make it difficult to find the gems among the ruins since every stock can be adjusted for a buy or short trigger because they can only go in two directions <g>

We saw TASR and we still have a straddle on that (from an entire week) one but the puts are down and calls are up so its highly volatile and too early to tell but I wouldn't be chasing this one. Generally our target is 70 and we'll hold the straddle until TASR hits 70 and see what the cumulative gain will be. Scalping will not cut it in these markets, we're pretty much into long term daytrading and swing holds (25 to 50% of original positions exiting only portions of the play so there is no need to scalp)