Replies to post #21413 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

EASI will be an earnings play but its still in short mode In fact I figure EASI to move as low as 46.50 in front of its report. We always wait to pick it up at the bottom of a pullback. The lower it goes, the better chance for a recovery after the report. EASI and even ADSK are cases of "downside here" and shorts until we see support. At this time SNPS, MRVL, EASI and even ADSK are in SHORT PLAYS and still pulling back. There is plenty of time before the earnings run, the lower the better so we can grab both ends of the trend.

[jenna]

KLIC I love it.. especially under 12.80 which was my target low for potential entry. But the market internals are pretty bad and I'd like to wait for some NVLS/KLAC mid quarter reports before I'd even consider KLIC for the typical 1 to 1.50 gain and the same on the short side. I love this 3 days of HUGE WIDE RANGE bearish bars.. and as I suggested 15. would be the resistance and short area through perhaps 12.75 or thereabouts. However because there is no buy program yet and shhorters are not even covering yet, I wouldn't enter this dog prematurely (did I say dog? nah I meant trade)KLIC has already given back all of the bear flag from January 20 highs. If folks were holding that in the 17 area expecting to have it go to 20, we were holding it for the move back to 13. One of the biggest gainers in last seve weeks mostly on the short side (110%) as I didn't trust the long side and held overnight only three times and only 25% of the original position. KLIC is on our "terminal short" the rally list. Sometimes a stock moves off the list but so far since January none have.

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