Replies to post #9992 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

VTSS another hope floats baby that looks mighty good for a position trade. (these babies were picked up in late October and early November, I didn't own one stock above $10 and a few of them doubled and GNSS even tripled so I wouldn't mock these malnourished babies)

[jenna]

RHAT selling came into it yesterday in last few minutes of trading and it moved up to fill our expectations and hit a spike high at 6.60. I would be buying once again at dips but also taking profits at SPIKE HIGHS. Start with small positions and build them up but for RHAT, the better gains might still be after the report. Tread carefully, holding through earnings is not our strategy.

[jenna]

IBM.. looks like a breakdown here come as well. Reason I prefer dow stocks today is simply the moves are LONGER lasting because scalpers are not attacking every bar of JBL, MWD/BSC/LEH as much as they would KLAC, XLNX BRCM, etc. We all need a little trading in these high visibility techs especially at run ups (this mornings) and quick breakdowns at spike highs which come much quicker than those in the dow, but confining your trading to nasdaq will make you miss out on some nice longer lasting trends.