You had a nice run from 563 to 624 (closed at 620$) this past week. THat is nice move up over 10%. I got some 9DEC weekly puts (605 strike) and I need you (GOOG STOCK) to go back to 590-600 range just intra day one of these days before wednesday.
That is only 3-4% healthy pullback and then you can continue to go higher to test your 52 week high of 640.
THank you. I need to sell my puts and make profits.
It would be disrespectful to keep going higher and higher and never pullback just for a sec.
I think these market conditions are still unstable and taking profit is a must on every move up of 5-10%. Hopefully these big boys don't try to push these stock higher next week as well. What happened to take profit on each pop. Are these conditions changing or are we having a lot of bullishness going into xmas. Europe is still in trouble and we did have some good economic data state side. However, my puts may not make profits this week, (if market keeps going higher on bullishness) but early next year, I am expecting a pullback when we finally realize the true european problems.
Its amazing how sometimes, market just listens to what it wants to hear and ignores other things. I guess, learn how to go with the flow and go with the momentum (don't fight it).
I am holding 6 (9 DEC 605 puts AVE 470$ each) - hopefully I can profit with those, but if not, sadly I will take the loss and claim it on taxes.
GOOD LUCK all.
lets see how this week goes
I am still holding those 6 puts
Bought 470$ each
Now 140$ each,
Need google to drop about 15$ tomorrow to break even or make few bucks.
Lets see what happens.
But overall, I expect a lot of trouble out of europe in next months to come. One of those 17 country will drop out of euro and more consequences to come. For now, until after xmas, they will just talk and talk, but just wait till ball start to roll down hill.
I will from mid dec, always try to have a put in the market (3 months out) just for the case when market starts to drop.
GDP for Europe in 4Q could show negative growth…More trouble for 17 Euro nations to happen early next year…
I wish you the best tomorrow. Overseas market looks very week.
My Dec/Puts are in black today, I don't like weeklies. Hope to see a decent correction in the next few days. I think GOOG showed resilience this week but gave up today.
Good call on possible correction few days ago.
No one asked you to read the 17 responses. Obviously you are not making money here, I can tell. I have never heard anything constructive from you other than insulting others. You need to get a life. Join the 99% OWS rally or something....just make yourself useful.
You are my ignore list now.
Mkt is showing weakness today and may be showing more tomorrow, all depending on the Merkozy mtg. I do not think there is much to be expetced from that mtg. other than what we already know. No matter what they say, EU is not getting out of this mess quickly. My Dec/PUTs are at breakeven point today, hope I can make some money by closing today or tomorrow.
looks that way for now
I will hold those puts and let them expire worth less friday.
I am keeping them just in case that THUR or FRI (EU meeting and plan) goes sour and market takes beating, but I expect to take a loss.
we will see how it goes next few days.