Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

RMBS is scary. Today we were trading a little like Quick Draw McGraw which is what I posted on the Watch List might happen.. Not one position was scalped, but held through to the close (except IDPH closed too soon and AHP put in too tight a stop) so I decided to hold myself back from RMBS but wouldn't you know I fell in with PWAV. This has been such a phenomenal run on the long side that even if it doesn't continue (and we thought that maybe this is an "earnings induced" euphoria that could end with end of the season) look at the gains we picked up in the past week. Small stocks like FNSR, AVNX, ONIS were giving double digit gains just like the big boys costing 2 and 3 times more. I missed DIGL today but I'm looking for more upside next Monday. DIGL is yet another that might move well on ANTICIPATION next week but FLUNK the actual earnings test like PWAV did.