Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

We scraped that KLIC trigger 11 (updated through the day) right off the support for the oversold bounce, didn't have to contend with any downside since this was the first time long this POS since it died in early April yet again. Tight stops and ultimately a straddle into the report. Folks need to scrape stocks like these off the floor and not average down on losers. We'll play any anticipatory upswing, but will ALWAYS hedge this with puts into the report later on Tuesday. KLIC has been down from 17.20 to 10.70 since prior report.