Tuesday, November 13, 2012

GOOG Reminder

Just a reminder, the November 8th GOOG Calls are in the money  , they were December $650 calls and based on this analysis (in part).

The idea behind GOOG is basically the same as the general theme, shakeout move and then hopefully we get enough upside to add or initiate to core short positions. GOOG just happens to be a very obvious bearish technical price pattern that is widely watched, which makes a head fake move / shakeout of GOOG even more probable. So the calls are for the shakeout move, but some of us already have profitable GOOG equity shorts in place as well that we'd like to add to.

I don't see anything that would change the analysis on GOOG, even if you don't want to play the long side as it is more speculative, being patient and waiting for the short set up to materialize should be a very well worthwhile trade.

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