Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

GNSS winner! Those that listened and picked up the 17.50 puts and shorted the spike high won BIG and will do very well indeed. Even with some calls the puts will way outshine although there was no trigger for calls or long. You dont call an earnings play by saying "looks good I'm holding through the report" it can really be disaster for traders. We wait until we have a proper set up, for long or short and PLAY THE Chart the way it looks now and for earnings and not last week. 20 was the area of prior pullback and the short trigger began. Today's close at the low of the session on climactic volume was a dire revelation of what was to come. Last quarter's gap 'n crap once again.