Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

eBAY (charts) this is also hurtling along on momentum. I would have been happier had it not had that upgrade of target to $100 right after that pullback from 90 to 84.34 (punctuated with short scalps for over 3 points before that pullback) We have to weigh the upgrade with the reason for that pullback so I'd wait for a retest of 90. QCOM, EXPE and ROOM have held the downside which is why I am more partial to SPY DIA and even BBH than SMH and the QQQ.

I already picked up the 90 puts on EBAY a little prematurely. It turned out fine for a double bagger but I think of the quadruple bagger than I missed although I did hold a nice short overnight as well. I'm trying to time the EBAY short or put play more precisely now.

eBAY daily chart


eBAY weekly chart