Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

We sure saw that move with ELNT.. but right before that fall they were out of any trade so we missed the sharp fall and the consequent rally in minutes (we were actually have to insist not to GO SHORT INTO THAT DROP). There was no way I could or would trade under those circumstances. We did go short ELNT today and long, but I don't think anyone participated in that loss/gain. I was very disgusted at that sudden drop even more than the rally because it could have washed in our traders into this awful whirlpool. I never had that and we have been trading ELNT pretty frequently, I guess we have to be very leery of ELNT from now on, hopefully it won't happen again but I agree the SEC must be notified a lot of traders might have shorted into that 'fakeout' I find it very objectionble and its actually the 'big money' that is totally manipulating many stocks in this market and there should be curbs.