Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SLOT, IGT, ALLY SHORTS RIPENING? can the gaming sector be a core for short plays next week as traders/investors sell the 'highs' and look get on the bandwagon to the long side of tech stocks that are mere skeletons of their former selves? We can start by seeing if ALLY, a fine company with a huge p/e AFTER its earnings were out on Thursday, gaps up and sells off. SLOT was already on our watch list as a short. IGT Thursday, April 19, 2001 at 11:00 a.m., we might be able to time some shorts in this sector, which looks so, so ripe for more shorting. IGT is a lovely chart, to be sure, but is it not perhaps tottering on overbought in a market that is looking for 'bargains' and bubbles with the air sucked out? Let's keep an eye on ths sector for some possible downside. SLOT chart is deteriorating somewhat and with ALLY's earnings out and 'known' we might see pullbacks there.


ALLY great earnings reported on Thursday. Looks like ALLY did well but seems that it might be ready to sell off at this point.