Replies to post #3171 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

FHCC possibly overdone could have a meaty short today and possibly a long towards end of the session. Many changes have made intraday work in the trading room more intense than ever, probably because our shorts have been swing shorts this month as well as last and the concentration is more intense. Even the daily watch list is almost like a weekly in the amount of work that goes into preparing it, trying to balance a few good longs with the many short plays. Short plays are not a cinch either, you have to be a little closer to the bottom and know when to cover. We have shorted every tech stock since July even those that started to move up (AMAT, for example) ended up down. We have also had the reverse with MSCC our "popular" short that is a good long in any nasdaq 'mini' rally.