Earnings Plays that have good reports (and are not at their 52 week at the time) will ultimately move to retest highs and for EASI likely to hit 60. Just ignore any interim pullbacks, they are only 'pauses that refresh' Remember the stock already proved itself, its not in the same category as some of the weaker semis. Take for example CMOS, SNPS and MXIM, these 3 good earnings both well outperforming their own sector. In some cases I keep these calls until expiration, in others I like to lock in and make room for new plays. Thanks to the lesson in CMOS (it lost its $0.85 gain when it gapped and crapped but the call options helped) I am now more inclined to hold certain very select stocks THROUGH THE REPORT, but with the proper disclaimers, etc. CMOS led me and as a result others to be a little more apt to hold DITC, MIK through the earnings report, a fact that saved us quite a nice gap.
I didn't hold TECD but did hold the options and CMOS was called again. I'm highly unlikely to recommend a tech stock (a straddle, yes a tech no) so even though we did suspend our disbelief for the KLAC/NVLS anticipatory report play, the hedge was carefully selected and today it worked. Puts and shorts in all the semis were classic but stocks like EASI, the nets both Asian and American were huge yet again.
We never say you MUST BUY or have anything, but we tap the table lightly from time to time. Marketgems is not an investment consultant company, just some stock selections you might choose from our list to trade using our strategies. I don't think the law would even allow us to say "add this and this to your IRA" because we have no licence. But if I were to say something like that, EASI would be one of my favorites.
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