The dow goes down 300 points and GOOG still goes up 2 bucks... shorting at 699 is turning out to be the trade of the century.
Google is the company for the new millenium, and of the new dawn of humanity. The upside is essentially unlimited $4000/share within 5-8 years The staggering rise of google coincides with the inevitable transition to a type 1 civilization from a type 0 civilization.
Keep up the euphoria It only makes me love the short side more. This is not about being right boys and girlz... it's about who makes the most money AT THE END of the DAY. Love the daily candle forming here.
Uhhh... maybe that says a lot about the stupidity of this thread. Are you using reverse psychology to buy stocks? How can you be right about the stock market and not make money? Not trusting your own advice?
No one with a short position longer than one day has made money with google ..lol When google ads yet another 10-20 points this week you'll be another short in the pile of shorts who thought google had 'gone up too high too quick'.
It's called a GAP DOWN or UP All the people that thought they were rich and held CROX etc etc etc and woke up one morning to find out instead of being up several thousands of dollars ... instead now have several thousands of dollars MARGIN CALL. or All the idiots that were euphoric in 2000 (similiar nonsense as this thread) that just watched as their stocks tumbled and let all their profits disappear. I can show you 100 ways to lose money and still be right.
Goog is no crox no by a long shot even if google misses it won't lose 40% of its market cap in a week there are huge institutions and funds that will prop it up.
GOOG is now in its sub wave 4 zone of the Measured Move. Trader Tom forgot that you measure from the end of the triangle pattern..