Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

email: Favorite charts led to important trades.

GNTA saw the action, we'll see if there is a confirmation. Had a great play on GNTA . Most of our earnings plays that had good reports and we're talking dozens have hit 52 highs since their reports and since we've posted them. I never get impressed because its expected of earnings plays since that's the elemental and fundamental reason its up....earnings are good. You don't need fancy indicators or pie in the sky formations to find them. As for the 'fad' plays its was a matter of time before they break as did TASR, MAMA, CDCY and now HANS. I would have shorted that yesterday but it wasn't available. The biggest gainer this year is now TASR up to 2,000% which sounds incredible (as a penny stock or those print brochures that come in the mail and you throw away) but its true and no one is more surprised than myself.

Here are some of my most used chart patterns. I have 6,500 charts from every post and every trade I made since 1996 but I won't burden anyone with that archive except my programmer.
http://www.marketgems.com/CTXconsolidating.gif
http://www.marketgems.com/NTESshortsetup.gif

http://marketgems.com/ARBA_intraday_gapfillin.gif

http://www.marketgems.com/2_trends.gif
http://www.marketgems.com/3_REVERSAL_PERIOD.gif
http://www.marketgems.com/TASR4may.gif
http://www.marketgems.com/gap_upside2.gif
http://www.marketgems.com/GAP_STRONG.gif


I trade my newsletter plays a bit more than I post them of course and even more than most of my traders play them because I prefer familiarity with stocks and their trading patterns more than daily momo which I'm not too good with anyhow. My niche is milking the earnings plays for all they are worth and they become momentum plays (i.e. IMCL, ASKJ, NTES, SINA, MIK, DITC, FARO ) but I still find new ones for our traders who get interested in the most current earnings play. The list grows of 'replays' and buys after dips. I've traded FNM alone 13 times in last few weeks and I'm not even a scalper. I might miss a TZOO or a TBUS, but I prefer knowing where my set ups will be in advance and the next support resistance areas, etc. Very strong shorts in the building sector about as many as in the tech sector yet will always appreciate a BOL or a TK as well. Its difficult for our strategy to be wholly bullish or bearish because we tend to be both long and short different companies on the same up or down day. That's why I don't really care if we are ultimately up or down, as long as earnings keep coming out and that is 100% for sure whereas trends are changing, we'll be in trades until we retire. Our style is different but we embrace that difference, not to be clones of every scalper and every momo player out there. If you paper trade our stocks you will actually learn something because no one is telling you "I'm in XYX at $$$$" and you have to enter or lose the chance". Our plays last long or have sharp moves so you can 'plan in advance'.


We know when earnings are coming out, we don't know which stocks will be the momo trades until they have come onto the upgraded lists and on the 'most active' list so it might be too late by the time every trader who has real time news feed has entered the stock. It helps to "anticipate" when the move will be. PLL was exciting today. No one mentioned it but us, and that is the way we like it. No one called DITC or MIK or FARO or UNFI or a half dozen others last month so we didn't need to fight the mm's to get our trades.

The education center will be kept open and our archives are always available to brush up on our strategies.