Replies to post #6086 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

QCOM.. 30 puts July. A short at the upper Bollinger Band on the 10-15 minute chart. A possible cover at the break below the lower Bollinger band. This has been the way to play QCOM for intraday. Still see nothing but short the rally here

[jenna]

ASYT after the 5/17 short looks to have steadied here. See no long yet though

[repost]
Date: 5/17/2002 7:07:44 PM
Post # of 6086

Monday.CMOS, LOW, TOY, ASYT (short)MEDX, ACXM (earnings play for today)More later this weekend and Monday morning, possibly with chart patterns on intraday/daily charts.

LOW and HD (earnings plays (may 20, and May 21)
CMOS (Wednesday after the close with NVDA) anticipatory upswing was prior and after to last 2 reports. We might have some upside until the actual report.
[end of repost]

[jenna]

PNRA and what to do with UPARM These puts moved up so quickly as PNRA dropped and have run too much to continue down (very easy money).
I would take profits in PNRA, this was very precipitous although I did plan to hold this longer. This was a lot of downside reminding me of HD but without the corresponding bad report that HD had. PNRA might rally tomorrow so I wouldn't hold even the puts. A 'bird" or a Panera in hand is worth two in the bush.

[jenna]

SHORT resisted temptation added QCOM 30 puts. MWD and GS nearly broke the 5/7 lows and will more than likely be short at any rally, but resisted so far. EXPE and ROOM broke down nicely and still have some EXPE short. Resisted also the temptation of going long any technology stock. It was really fun to stay home much of the day and make money on short side again, however I still prefer to trade just one or two times a day and hold longer term short positions and 1-3 days of earnings plays that beat the street. It was just the end of May SPRING clean up today of most short/put positions. When you do your spring cleaning, you don't accessorize and plan to go out, but decide early one this will be a $$$$ MAKE MONEY AT HOME DAY $$$.


Will probably not be posting tomorrow as I will leave a good thing alone and take a long weekend. Will resume posting on Monday and from "the road" this summer.

[Francois+Goelo]

>>> CLHB+7%... Could see as much as 2 points move today...

on the good News...

http://biz.yahoo.com/bw/020531/312075_1.html

Jena, where do you track serious shorters recos, please?...

JMHO, F. Goelo + + +