Replies to post #9842 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[bbgold]

EXPE at SMA Resistance
The 20SMA on the 3 month chart definitely looks as though it will maintain Resistance. EXPE is also back to it's previous support level which should also offer resistance. Of course that is what I was also thinking about the indexes this morning <GG> Already in the Puts :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!

[makomemoney]

EXPE looks alot better than ROOM as it is still below the 20, 50 and 200 on daily. Do you still think that ROOM may give it up in the next 2 weeks? It has now powered through all the daily MA's and has gotten back all its losses from the last 2 weeks. The article that Tom posted is unnerving.. But thats what the Presidents do is hype their company...


Hotels.com (ROOM: news, chart, profile), which buys hotel rooms in bulk and sells them through a distribution network of 29,000 affiliates, is set to report third-quarter results on Oct. 23, before the market opens.

Hotels.com is expected to extend its track record of beating expectations ever since it went public in February 2000. "We're optimistic we'll meet or beat expectations in the third quarter," said Bob Diener, co-founder and president of Hotels.com, in an interview with CBS.MarketWatch.com. Analysts expect Hotels.com to grow earnings per share to 42 cents from 27 cents, while revenue grows 67 percent to $252.33 million from $151.24 million.

Additionally, the company is in its seasonally strongest quarter, said Diener, who sees the strong sales growth in the September quarter extending into the current period. Hotels.com, which was launched earlier this year, is the fastest growing segment for the company and is expected to account for 25 percent of the company's sales. Diener said Hotels.com will also give investors the company's outlook for next year when the company releases third-quarter results later this month.

[jenna]

KLAC.. bearish on this and that's not because I have the KLAC 25 puts but because I have ALWAYS, ALWAYS successfully been an intraday shorter of KLAC after spike highs and in getting the targeted support levels. My weakness has been in some greediness by wanting to go below my target and leaving puts over that are losing value when they were already doing so well. The same with QLGC.. no trouble at all getting it below 20 target but a little greediness for yet a NEW POSITION spoiled a perfect record in QLGC on the short side. Discipline just covering the short side and calling it a day, is not my strong point and I have to keep to my trading targets.

I let ROOM (I didn't see EXPE) slip by before I left yesterday and had mental target for 28.25 for QCOM and just didn't want to pull the trigger, even my alert went off and a chose BAC and WM because of the upgrade yesterday (a surer thing, in my opinion).

If I could analyze this, its simply that I have more confidence in holding stronger plays than bottom fishing for weak plays, even if the weak plays end up doing well. I certainly think that the trader should be a 'thinker' and 'analyzer' and planner. (maybe that's from my teacher discipline and lesson planning for years) The positive aspect of this trading style is that I never "try anything" "taste anything" or rarely cancel my buys or sells or scan for junk that means nothing to me.