Today's action so far:
Day's Range: 582.00 - 595.9
pre-split: $27 x 2 = $54 move
What Next for GOOG? From an intermediate-term perspective, Google Inc. (GOOG) hit a 5-1/2 year high at 614.44 in Feb 2014.
The question is whether or not the correction into the Apr 2014 low at 502.80 (-18%) represents a completed corrective phase, which, if yes, means that Google Inc. (GOOG) is in a new upleg within its multi-year bull market.
As of this moment, the answer appears to be yes, and will remain "yes" unless GOOG fails to move higher towards a test of its all-time high at 614.44, and instead reverses and declines beneath key, near-term support at 569-565, initiating the first warning signal that the April-July 2014 advance is, in fact, an "intervening" rally within a larger-developing correction off of the Feb 2014 high.
Should such a scenario unfold, then GOOG will be vulnerable to a press into critical support at 510-500.
same fools who bought stocks in 1999 & 2007. valuations are at all time highs. take the money and run folks.
You will see the biggest collapse ever once investors realized they have been sucken in by Federal Reserve/Wall Street combo with virtually throwing free money by the trillions over last few years. YEp that makes for another massive free fall when all o this stops by September.Far too much downside versus any upside period. You will see consumers cutting back big time because of these ridiculous inflated prices world wide. Blame frest of agencies world wide like FEd Reserve for this complete collapse coming.
the trick to playing options is to use market money. What is market money? Cash from the sale of longer term covered calls..you own the stock...most often 15% premium over stock price
SEP 20th $610 calls. Let's those babies drop down in price as GOOG pulls back, then load up!
Some folks think that having the right to cast a symbolic vote makes it worth it. Frankly, I don't agree.