last week was really trickly... Friday was tough.. stock really did a nice fade a the end.. left me holding a bunch of 595 puts...it's all good I made out on the 605 and the 600 puts.... Thursday's head fake upwards was a nice move... and yesterday's up move was also a nice fake out... now back to business heading towards 550.... stock ran through 605 like is was nothing... last week the stock put up a heck of a fight at 605... but that support was busted... 600 isn't that much of a support anymore... 595 looks like the next interim support... I like these market makers... they do know their business... but they can't stop this stock from getting to 550... it's a long way down.. and it will not be a straight ride but 550 is coming... and I'm going to ride it all the way down....
I'll have to wait this out for a minute... stock shouldn't be going up this strong... but it is.. so I'll have to wait it out... target is still 550... lost a little here.. that happens in this game.... regroup... hit it again once the dust settles..
that attitude got me creamed in PCLN, it never looked back, after $550 just be careful if you are shorting.
Facebook will make greek headache go away. for all purposes greece is out of EZ (no longer EU).
Only 412 M shars in facebook, there are trillions of $, and add other ccurrencies too on sideline. Goog is an ecosystem, heck it should be added toperiodic table next to oxygen.
goog may never look back till $735..
I bought some ARNA calls last week (June $3.00 calls @ $.96).. I made out nicely on those.. haven't sold... since I have a few weeks to run... Google has to give up the ghost next week... this 615 - 605 trading range has run it's course... the shoulder has formed... time to let the bottom out... thanks for chatting.. it has been fun... I'll start a new thread ( or you can) on Monday morning.. have a good weekend...
Held the trendline. Next week I will wait and see if it goes below 600. Buy some calls around 595, maybe 592. Buying puts was a nail biting experience this week. Kept testing the 615, and only dropped in the last 15 min. Still paid out, though. Bought some at 612 sold at 609. Didn't want to stick around till the end.
PS We should start a new thread for next week. This one is getting too busy.
strong move through 615... I'll have to regroup if it closes above 615.... nice going longs.... will hold until close to see if there's any retracment.. if not I'll have to bail out... have to wait a few days to see if this is a bull trap or a true move.... I'm o.k. with being wrong here.. and right later... go Google..
I appreciate you listing your targets.
What do you think is going on with GOOG over the last few days/weeks? Its been rather strong in light of the market weakness. I believe GOOG is going to break out eventually or show some serious fundamental weakness (like FB advertising hurting GOOG's #'s).
One thing I learned trading GOOG is that its a very good leader for the general market. If GOOG is holding up like it is then this market sell down over the last few days is just a minor correction. That would be my take.
stock is really banging up against 615... a determined effort to push through to the upside.. I'm a bit surprised.. still have the rest of today and tomorrow to confirm this upside move.... if it manages to get above 615 and hold I'm going to double my puts for June and July... all you have to do is look over at PCLN to see the future... the longs will come out of the woodworks on me.. that's fine.. comes with the territory.. but.. as they say.. he who laughs last..
watching just now and I had to laugh... "the retail investor is a lagging indicator".. which is my point exactly regarding Google... retail investors are going to get hosed because of Google... falling in love with this stock... and in my opinion.. this stock is toast... just my opinon for the long term prospects of Google...