Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

NFLX (chart)The Pause That Refreshed. play by play on this baby just like RIMM, TASR, YHOO etc. MILK 'em and we will through the reports, NFLX is already a most 'preferred and oft-times long trade' Looks like a clear break above support for the next leg up. NVLS, NFLX and all calls will break out tomorrow. No puts picked up yet NFLX and NVLS and SNDK looking excellent (at least temporarily for NVLS). (We are holding some puts SNDK through the long weekend just to protect our calls which both (30's and 32.50's have hit target although SNDK did close a tad below 32.50) I would expect a rally to fade by 10:00-10:15 and another wave of 'me too' buying later in the afternoon and/or at support of 20 ma on 5-minute chart. If you have nothing long, its going to be a big gap up which is why we are positioned in quite a number of calls. Even that crap IBM was called on the 5th for a straddle that did nothing so far and possibly won't