Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

IMCL knocked down intraday and after hours after downgrade. Stick to ones you have traded and "understand" traders. We've had IMCL up and down, and picked up the puts and short after the 'news' and gap up as well. IMCL now in play as short/put and although holding puts, might end up a short swing play after downgrade. Still too expensive to play overnight, but you can short it aggressively intraday and hold puts (stops can be placed on puts of course as well if you get enough gain locked in)

ImClone-IMCL maintain Sell on valuation, not a reflection on Erbitux success