Replies to post #20919 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

SINA nice gains on the newest short/put play hits low of the day. We figured yesterday these 'nets need a break so we are in "anticipatory downswing" after days in SINA and weeks in SOHU. (Especially as they tottered after hitting spike highs) Reporting the 3rd, and 2nd, we certainly are NOT riding these down after we rode them up so nicely. We'll change direction when we take our profits and we feel we've reached a bottom/support. Meanwhile SINA is down from a high of 49.50 (easily discernible mini double top and spike high yesterday) to a low today of 46.60 (Like BRCM yesterday who needs to hold through downside?) We might play this the exact same way we played BRCM (we got BRCM going up and going down for days)

1:09 p.m. (intraday update 27 January)

SINA going here. TIME TO TAKE PROFITS IN THE SINA call options.
A short below 48.27 target of 47.50 or lower. FOR OPTIONS PLAYERS.. the FEBRUARY 45 puts are tradable here picked up $1.85

marketgems staff

[jenna]

OSTK ON CNBC! All our straddles are doing great! SINA we got that reversal just on the button, while other traders are "HOLDING THROUGH THE EPS FOR SURE" Folks aren't left hanging but emailed what to do and what they might expect as to reversals and not sifting through archives of newsletters that came out 4 days ago. Our service is also an educational, dynamic professionally charted, service not another run of the mill "didja get XYZ I mentioned 1/2 hour ago that looked good and now is HOD" Marketgems has a focus and a "SUBJECT" and not just chasing semis up and down the hill. We play across every sector!

We have 7 or so NEW PLAYS based on EARNINGS MOMENTUM. Our policy is ONLY of BUY OR SELL SET UPS and not both confusing and confounding the trader. Some don't trigger today, they will trigger tomorrow.