Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

RIMM.. I would expect a run up in RIMM into the last reversal period (around 3:30 to 3:45). RIMM has exceeded estimates in the last 3 quarters but there is nothing 'wimpy' about being flat through the close and trading once again tomorrow on any potential set ups. There is nothing 'macho' about risk tolerance. This has worked with BMET, APOL, MU, ORCL etc. PALM seemed okay to me but pulled back into the first hour of trading and finally turned, RIMM is following and if earnings are good there will be

a) gap 'n snap enabling entry

b) a pullback after a gap up and a buy after the pullback

c) a deterioration much like PALM and either an early short at a spike high or wait for the recovery rally usually by 10:15 to 10;30

so why take the risk? Just look at BMET and APOL and you can see that being safe will prevent you from being sorry.