Replies to post #5027 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

XLNX our "official" target was 40, we got 35.. Last time XLNX recovered it was shorted on strength. Now it is likely to have the same results. Those that saw the 4/25 gain on XLNX probably figured this was the "reversal bar" but no way. The next day XLNX had a bearish engulfing completely "Swallowing" all the upside of the preceding day and adding a move to 35.30. Of course we are out of our May 40 puts in all tech sectors but eyeing the IBM 80's here once again.