Replies to post #20957 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

1:28: FDRY -26%, VRTS -13%, AMKR -15%, HOLD THOSE SHORTS TRADERS!!!! 5 new straddles for tonight "emphasis on the puts" WE are hopping here. PLAY THE PREVAILING TREND not some future promise of recovery!! Good traders should be able to trade in up and down markets and not only when the markets are up 135 points.

Is there any sense buying dips when you can be enjoying shorting and holding puts through all this downside? We're talking over 10 to 12 points (up to 30%) downside traders in just a few days? Are you going to give that up?? We also have stops and when we get stopped out it will be with massive short profits. When we improve, believe me GEMMERS will be the first to know. After all we did call INSP all alone on the block! and many upside moves as well, but we are not fools to buy here when the indicators are giving strong sell signals. We actually held AMKR FOR FULL UPSIDE yesterday but put out 2 ALERTS TO either get those puts or just go flat and that was for only 8% (now its down 16%) So its not if you're vagely bullish or bearish but where are you taking your traders? What timing are you using to play these volatile plays?


We even have a plan ready for SOHU/SINA that will go into effect AUTOMATICALLY when the time is ripe, but why hold through double digits downside in technology/semiconductor on the off chance that in a week or two they go up????? By then your money will be depleted, we are more than 90% short here and just holding some of the earnings plays calls that are still doing well (not many of those) Once INSP was hit and HPOL turned down, there was only CHIR...

We always had them when they were up, no one cornered the monopoly on the rise in the past 7 or 8 months, but do we have to keep buying losers to wait for a rally at some point in time in the future. At this point we are HOLDING SHORTS OVERNIGHT and PUTS (25% to 35% or so short) and 50% puts after locking in at key reversal periods. We are so ahead of the game that even if we get stopped out it will be with STRONG GAINS.