Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

3-4 new biotech shorts also for today but they are still live and in play on the short/put side. 2 are earnings plays and we plan to milk them throughly. The fourth is one we had made money from the calls and have transferred to a put position through an upcoming report. One is a momentum play that is showing 'deep fissures' in its support level beams. Covering only incrementally for long term daytrades leaving 25% or more short for possible breaks from consolidation and stronger selling in the 3:00 to 3:30 time area similar to what was done on Friday. However this time June puts will be substituted in some plays that are STILL BLIMPING and have more possible downside.