Google is a $400M trade late in the afternoon as the stock hits a one month high. One traded today was 700K shares at $545.00.Someone knows something and GOOG is heading for $600 in days.
Noone sold 700k shares. 700k shares were sold my multiple sellers. The price was floated around until 700k shook out, and bundled. That the buy was one big 700k buy is the telling trade.
It was probably a HF, and the following probably had a lot to do with it...http://www.cnbc.com/id/35718141/site/14081545Seems they got wind that the Chinese were about to cave after the US Gov't threatened to take the whole matter to the WTO.Anyway, GOOG is going back over $600 and BIDU under $500 and which ever HF made that huge purchase is going to make a sh!tload of money.
I hate posts like this...someone SOLD that position, too... do they know something?I am long google, but seeing a big trade means really nothing as to the direction it is heading.
Then watch Fast Money yourself ----------- Stop reading message boards and bashing posters idiot. I hate guys like you making stupid comments like "someone had to sell"Crap - it's a big deal for one trade to buy 700K period - they must know something.