Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

IDCC our gap and crap play for today! Super 2-trend day the morning trend very powerful 17.50 puts and short, the reversal like clockwork at 11:00
Entire list triggered except one but its early yet.. It was NOT TOO LATE to find short/put plays today in the market to add to older short/put positions.



On the earnings front very little has changed as we are still looking to SHORT THE GAP UP OPENS and even short those that gap down for some extra "crapping". Some rallies after extensive gaps 'n craps by 11:00 might be expected.
IDCC reporting before the open looks like a gap 'n crapper there (possibly a gap down 'n crap as well. Possible target 15-16. (May 17.50 puts) Of course if there is a huge gap down in IDCC (like last quarter this baby went from 26 straight down to 16 (support), it might recover for a dead cat bounce by 11:00.