Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

AVID reporting 17. Looking for some downside until day or so before earnings and possibly a recovery (maybe like YHOO). We play the "anticipation" and that's why we are finished with phase I of NVLS although I will be shorting any weakness there. AVID came out of my scans last night with overpriced and pe of 248, but figured I'd be playing NTES, GILD VRTS. AVID a short below 24.75 for $1.00 to $1.50 gain. Continuing to play IBM, NTES GILD and VRTS (UNTD scratched due to lack of movement today)