Replies to post #6048 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

MIK.. should move up after this pullback and after tonight's report. MIK already raised estimates and 39 should be an area of support, but even if its not, it could do a gap up in the morning. MIK is underVALUED with a PEG of .82. In this market environment, that is the best POTENTIAL for upside, but we have to be cautious.

[jenna]

COST.. stochastics (chart posted already) and bollinger band breakout look relatively positive for continued upside. I would not have touched this before the report (to hold overnight) but now that the report is out, its looking better. In this market climate I'd steer clear of technology and also of shorting strong stocks in leading sectors.