HOLY COW, BATMAN! There are 20 Recommendations on my "GOOD MORNING, GOOGILLIONAIRES!" post of yesterday! I actually took parts of about 3-4 of my recent posts and put it into one....looks like a lot of you got something out of it. So, I'll re-link it again, today, because it is still very germane and many of you may not have seen it that may enjoy it. I really appreciate all the recommendations and respect shown therein....it tells me that I'm hitting the mark insofar as communicating something of use. Thank you all!
Keep in mind that when accumulating puts, it is like buying insurance. Sometimes you pay and pay and pay for, say, auto insurance and never need it at all.....but when disaster comes, you are VERY glad you have that insurance....one claim can FAR outweigh anything you paid. Same goes here. In some cases, I've accumulated puts that I had losses on or even withered away to zero....which meant my call options and equity SOARED. But, to not have SOME degree of puts ALWAYS on hand to offset rainy days (like yesterday) is risky...especially on a stock like GOOG which is capable of 20-40 temporary point roll backs.
Weather looks VERY good today....no rain.
I should have put a few forecast in my last post. I mean....what the heck is an itm2000 post without a forecast!
Really, GOOG got slammed for no valid reasons and should have had intraday highs of 500 by now and still be trading near that area. Seems like a few "prognosticator" wannabes are trying to making a name for themselves by issuing self-fulfilling prophecies of meltdowns. Wonder what they'll say when GOOG turns in a TOTAL BLOWOUT E/R!?
GOOG will surpass $2.30 EPS....perhaps 2.50+..and revenues will be as off the charts as some are already speculating. We should be trading with some gaps occuring between now and JAN 31...with a possible pop of $50 a share overnight on JAN 31. My guess is that GOOG, which normally releases its E/R about the 21st, probably has ALL the numbers RIGHT NOW...or will by Monday or Tuesday LATEST. Watch for signs of leaks...they may even pre-announce and catch EVERYONE off guard!
It is going to be an incredible 10 days ahead!
Whether or not GOOG blows away earnings is yet to be seen. However, when a stock gets this high, deservedly or not, it is easy to sppok the cattle into a stampede. Mark Cuban et al know this. Everyone is on a hair trigger. It does not take much to get the little guy moving to protect his/her small investment..Look for more and more volatility as GOOG moves upwards and onwards, and buy the occasional big dip like yesterday.
JMHO, as usual.
I expect GOOG to reach the 480-500 area by or before the closing bell on Tuesday, Jan 31 and intraday highs of 550-600 somewhere between Jan 31 (AH) and mid FEB.
After that, we could have a severe roll back that may not be so temporary. So, be very careful and be very certain that you have racked up LOTS of puts by then. By them when GOOG shows strength...especially on spikes or hyperbolic (very rapid and vertical) moves up.
Gads........Makes one feel like a bouncing ball....boing....boing...boing.
Tug of war through, possibly, tomorrow.
But, definitely be covered on your shorts and in WELL long before Monday's open.
Definitely a little skeptical about Monday - this stock is so weak in relation to the NASDAQ that I think the 450 OE might be its best chance. In fact, I'm not entirely ruling out 440 either.
We should be snapping back above 450 but we're not - makes me think we might actually take a hit on Monday.
Will go in one direction or another Monday morning.
What you're giving is the reason it SANK which is AFTER the fact of having hit the iceberg. What I was giving was the reason it had the accident to begin with. The basic first cause as to why it hit the iceberg.
Anyway....regarding the metal itself, I believe that the way they made metal plates back in those days was just too frail for the kind of hit that Titanic took. Not solid or dense enough....too much air in it...something like that, as I recall.
Well i`ll took about anything that`s not disgusting. Google is in a bumpy ride period . The big boys are playing a game they call collect the money.They are playing off both sides of the coin . Best to be a daytrader when they are up to thier scams.
I thought as much sold my bidu and sohu but heavy on goog,aapl and ebay . with my favorite being aapl 900,000 shares ebay 300,000 shares and google i`ve been in and out of with just 200,000 shares. picked up my last buy back at $462.00 . I guess i`ll be sweating those for awhile.