Google Inc. (GOOG) Message Board
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CJ...
Overall news are negative but market seem to keeps rallying...
I expect/hope pullback before eod.
u still holding your calls?
what's your take on current situation? GOOG and market overall.
I am suprised employment# was lower than expected...(I think very inaccurate indicator???)-
yeah...there is always that spin:-)
Feel I need to go away for a month vacation and then come back...
I always do best after a break. -
Or maybe auto sales are down, but not as much as expected.
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or maybe that's just rumor.
In any case I might take things off table before eod...no matter what.
Auto sales is likely up since stocks has been rallying for 6+ weeks -
people stopped looking for work
or took part time burger joint jobs
they were so desperate.- 1 Reply to mrpopcorna
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Oh, I forgot to mention. Even though the dramatic increase in put oi doesn't bode well for puts. 400 is the highest oi call - and if you subscribe to King Google's theory mms won't give it up.
GL
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I reloaded this morning. I Sold the 400 calls again to short at 397.xx. I was a little quick on the trigger. I don't think we can close over 400 on this light volume. They need to attract new buyers. I think that the pros have been sitting this rally out, and they're not going to bite at these levels. This is a tough market, you might as well trade the S&Ps.
The dramatic increase in put oi yesterday does not bode well for shorts.
GL- 1 Reply to thecourtjester99
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I saw maxpain went back up to 380 after drop to 370.
I feel I should go away for a while after this trade...wonderingif I am getting emotionally attached....
i still see any reason why goog or market is rallying..
if they can spin the negative news last few days (gdp, stress test, consumer spending, etc) I am not too sure what they do with tomorrow's news...which I am not sure will be negative or positive.
GL
p.s. looks at recent action there is chance index might go red before eod
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