Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

XLNX today because of the market news you are having move of buy the dip I would have to see XLNX retest the highs 21.87 perhaps get as high as 22 before considering a short and that would be later by 3:00 when shorters that have covered might get a little greedy again. A continued short would be below 21.75 but another way would be to pick up the 20 puts for XLNX for March near the highs (they get cheaper). I gotta go now, but remember SPIKE highs are for shorting the caveat is that you might just end up shorting until the break of the 20 or 50 period ma. I remember when I picked up PTEN yesterday the puts, it was at the highs of the session and really nosebleed territory, and look at PTEN today. Same with GSF which I knew had its up days numbered.