$700 Goog

LOL

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.

 

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 $$$.

 

$700


when does GOOG become overbought

 

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.

 

Limited Risk and HUGE REWARD.

 

Google is actually cheap right now when you compare it's growth to other stocks.

 

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

just a hedge.

 

Shorting 697.80

 

update:

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.

 

Joab you realize there's a good chance of getting raped by the fed right?