Replies to post #22873 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

TASR todays newsletter update: I'm thinking TASR becomes a teenager, any upside is shortable here. Today it was important to take out the 26.50 support area and it failed, the more times it fails the less likely to retest the 38 area where it must get in order to rally. 20 looks much closer than 38 of course and already expecting the June 20 puts to be closed when TASR hits the teens by June options expiration. Greatest trade possibly in 2004 as we got both the upside and downside in TASR for the most part without TASR itself ever changing hands (puts sailed for last 3 weeks) not even bothering with any call options on infrequent rallies.


http://scotlandtoday.scottishtv.co.uk/content/default.asp?page=s1_1_1&newsid=3318&newsType=