Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (6241)	3/9/2001 2:49:23 PM
From: Jenna	Read Replies (3) of 6445

CMVT, NVDA.. MWD (we said that already!) CCMP, DPMI.. DIGL and now we are waiting for that double bottom on RSAS. We got our double bottom easily in SEBL, RSAS did move to its double bottom but bounced. expecting a retest, but we have enough shorts from 9:50 to 10:00. 5 of them were holdovers from yesterday and called as holdovers and they were: MWD, IBM, CMVT, CCMP and RIMM. We did recommend a cover on DPMI because of the risk of holding too many short/put positions overnight. DPMI was very nice to us today.. with a MINIMAL GAP DOWN it I am looking to cover a short position and PICK UP A PUT POSITION IN DPMI AS THE PUT VOLUME TODAY IS A LOT HIGHER THAN USUAL. The strategy is holding a put position in DPMI (still short) with CCMP (puts) and CMVT (PUTS) as a possible move to the downside on CMVT's earnings on TUESDAY. This is NOT without risk, but we have been short these three most of the week so for us the risk is just in lesser cumulative profit. marketgems.com marketgems.com

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