Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Still mildly bearish YHOO.. (note we even allowed for a morning move up today at a break below 47 or even 48) We won't fight it though, (47.50 or thereabouts next short area) if gains on short side lock in after $0.50 to $0.75 gains and lower stop to break even and at $0.25 intervals from there. Don't force trades, we got quite enough shorts today ironically without really needing YHOO. KLAC, INTC and ASKJ worked just fine and TKTX and OSUR and DISH were good had we needed that many but we didn't. Basically the only short we had that didn't trigger short were YHOO and JBLU. They don't always trigger and if 2 or 3 plays are INVALID from the outset it actually makes it easier to zero in on the more obvious plays that DO trigger.