$700 Goog

Discussion in 'Stocks' started by Joab, Oct 30, 2007.

  1. Joab



    It's off to the races again today !!!

    I've got a pending limit order to short $699.00 but I would love to see a high probability set up at anytime to take this trade.
  2. Then why short all time highs? Since when is that a high probability short setup. Good luck with the trade anyways, hope you get out with a good chunk of $$$.
  3. S2007S



    when does GOOG become overbought

  4. I bought some puts today on GOOG to hedge my longs (other stuff). This is a perfect entry -- some psychological resistance, and this is due for a correction. lack of volatility makes them cheap too.

    god forbid the broad market unwinds, this has a good 100pts of downside easy.

    underweight position though.
  5. Joab


    Limited Risk and HUGE REWARD. :)
  6. Google is actually cheap right now when you compare it's growth to other stocks.

  7. agree .. its been that way for a long time.

    just a hedge.
  8. Joab


    Shorting 697.80
  9. Joab



    Limit to short 699.50 pending

    Would love to see it spike there quickly IF it takes too long and consolidates then I will cancel the order.
  10. Joab you realize there's a good chance of getting raped by the fed right?
    #10     Oct 30, 2007