Replies to post #21233 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

WFMI our target 75, LEN (48) huge as well both "news drive" earnings related plays. Already in LEN calls from 2/05. LEN possible ultimately to get to 50 before options expiration.



Yesterday's WFMI chart, and we went long and strong (although holding some WFMI 70 puts as well)Intraday updates indicated entry and possible direction today (75) as well as yesterday.

[jenna]

Asians breaking SOHU on today's short list expecting downside to follow in SINA and finally NTES (setting up their for another great short / put play like we had with SINA/NTES and SOHU in front of the SOHU report) Some stocks are dragged along via momentum and will buckle, others like WFMI will hit our targets for the second season in a row. When you see what can happen with stocks that we straddled like CI, CLX, LF, SOHU, MNST you learn to look at this market without emotion and just trade the earnings plays (overvaluation will get trampled leaving the "gems")