Keep GOOG on the Radar

This is a summary post of the game plan for GOOG, both the short term long position and what should be  longer term short position (many of us already have a short position established and are looking to add to it).

Some of us also have short term leveraged long positions in GOOG as a move up is part of what we are looking for in the bigger picture, Friday I was trying to decide whether to keep the calls opened the day before open as they were at a 15% profit in a day, but were opened more as a hedge against the short position in the short term so I left them open, today they are up over +20%.

The area where GOOG can gain some momentum is approaching, this however would just be the start of what we are looking for.

This is the same concept as mentioned last night, a range, a head fake below the range and a bear trap is set which can send GOOG and others in this situation moving up quickly on short squeeze momentum.