Replies to post #22869 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

AMZN, YHO, ASKJ, after EBAy We had just picked up new positions in AMZN, YHOO puts on 6th after expecting a big HUMPTY DUMPTY in this sector. NTES continues to surge as will as positions in RIMM. RIMM fist target hit today but next target is 85ish. Locking in is appropriate though at each support level May puts almost gone with the June 70 puts possibly lasting for quite a while. The best strategy is to lock in at the higher price target and pick up June at a lower (for RIMM it was much lower, thereby making the option even cheaper allowing for more contracts)

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