Dude, Nobody doubts that GOOG could continue higher. I own GOOG as an investment in one of my IRA accounts. But you are preaching on a TRADING forum about INVESTING in LEAPS. Why not offer some advice on how to T R A D E GOOG into earnings. A straddle? Strangle? Sell the news? Whatever! Just take your stupid investing posts to Yahoo!
Yes, I will hold GOOG as an investment in that IRA account until the company stops making money. That particular account is for my long term positions. I have another IRA that I make shorter term trades in in addition to my trading (margin) account and a futures account. But if I were TRADING Google, I would probably consider doing something SHORT TERM with the options. GOOG and BIDU look good for a short term play and I'm already in both.
Um are you slow or something? I already explained the trade if you read my first post. Buy leaps sometime b4 earning.
A TRADE has an entry AND an exit dimwit. Buying leaps? What is your exit strategy? Where is the TRADE? If you are only suggesting buying LEAPS, you are an INVESTOR. Don't be ashamed of who are are. You are just in the wrong place. You missed your calling as a Yahoo troll.
The trade ends (obviously) when the leaps expire or you exercise the option, preferably after earnings.
This thread reminds me of a local who cleared Peak6. He owned $2.5mm worth of LEAPS calls on INTC, CSCO and AMAT at peak vols -- his entire net worth, save for his Lexus and maybe $20k in checking. He bought them at ~5000 on the NDX. How do you think the story ended?