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jenna

03/05/03 12:36 PM

#12807 RE: jenna #12806

Play of the day DRYR.. nice bounce of 20 period ma @ 59.07 trading now 61.73. Only QCOM puts did not participate but I have the July expiration. GNSS is great also. Didn't gap 'n crap. GNTX made the trigger and could move up a bit, but its in the "dead cat bounce" area with DRYR, I wouldn't take this one hom but it should bounce even higher above consolidtion of 25.25.
APPX triggered short below 19 as well went as low as 18.05 might rally up here as a 2-trend day. I would never, ever take home APPX.



GNSS looks like target of 14 is a reality



The Marketgems Daily
March 5, 2003



EARNINGS PLAYS:
Retailers: Some interesting results from HOTT and KSS might be more than the familiar gap 'n crap. InPlay: Gymboree matches estimates; updates guidance - Briefing.com Also watching DRYR for some possible recovery after any pullback. Really happy with our own list of shorts from the 28th watch list through March 3, so there was not much we could add but perhaps a longer term short in QCOM, some intraday rallies in KLAC and the rest are 'dead cat bounces'. We have already covered the breakdowns in major sectors except WLP (accident & health Insurance companies)

GNSS was strong for the past 3 sessions and we posted as well. Now we will see if this is upgrade in guidance is genuine or its just a 'short the rally' as the upside might be priced into the stock.