Replies to post #21094 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

MDT puts were on the newsletter because we checked all news later into the night before putting out our daily newsletter. Ironically the one play we had on yesterday's newsletter that didn't move in the classic direction indicated by the chart pattern alone was LEH which continues to break down. We had nothing to go on with LEH as a choice yesterday except the chart pattern, and it DID'NT WORK, like dozens of other chart patterns when that's all traders take into consideration before preparing a newsletter and even preparing their own personal watch lists for trading.

.....NEW YORK, Feb 4 (Reuters) - Medtronic Inc. (NYSE:MDT - News), the world's largest medical device maker, on Wednesday lowered its quarterly revenue expectations, citing slower-than-expected sales growth of heart pacing devices such as implanted defibrillators. (MDT March or Feb 50 puts)

Thursday also brings the initial jobless claims and a host of same-store sales figures for January (already HOTT and AEOS have made their announcements. Overall the January sales numbers should be positive. I prefer specialty retailers like COH or "teenage" modern stores like AEOS, PSUN.

Our pre-newsletter commentary is just as important as our actual list. We discuss only the most RELEVANT usually earnings related news that would effect our stocks and weed out 'noise' and general information that nobody will read or care about.

[jenna]

SMH february 40 puts called newsletter when SMH hit 42.40 and buckled (2/2), not tempted to realize the profits yet just incrementally. Even with the nasdaq up about 11 today earlier on there was little to indicate the SMH was golng to hold that slight gain.