Perfect day for GOOG to show it's superiority, two reasons GOOG is still undervalued: 1. Growth 2. See reason #1.
The only thing we know for sure is that GOOG is growing at an astounding rate. Google is everywhere on the Web, the growth in China despite the Communist BS is still just getting started...a billion freakin people and they wanna be like us.
Going to do some kind of protected trade today, which way will it go?
I'm in Calls on Goog so I'm "with ya" but keep in mind it IS a friday (a lot of people sell before a weekend) and the friday before the First Friday of the Nov options cycle. Lots of options traders sell on this First Friday so they will be less inclined to be getting into them now only a week in advance.