I stopped out immediately and went with in the money April puts that are doing ok. Im seeing $400 as well if one more downgrade comes out
Google always has a habit of looking really bearish technically and then suddenly surging 20% in a month for some reason
cocky, i see.... congrats on your conviction trade. By now, you should be a few hundred K richer. Hopefully you are !!
Hope you all have some money on the sidelines as we are in a slide boys! I predict another 1000-1500 pt. drop in the DOW before election time and there will be so many oversold great stocks out there, it will be a great buying opportunity. Just hope I can hold off on buying before the end of this sell off. I am looking forward to getting GOOG at under 300.
No one has the guts to short goog at these levels. Google has a tendency to surge $20 in a single day on almost no news or some rumor. Google is not like INTC or CSCO where it stays down in a tight trading range. Google has a habit of breaking out huge with the slightest provocation.
Up $19 today. I told ya this shit ALWAYS rebounds BIG. Its not like CSCO or INTC which doesn't go up. GOOGLE is a MOMO stock. It will crush anyone who shorts it. GOOG WILL SEE 700 AGAIN THIS YEAR cause we're in a second tech boom.
great call on that! Im so glad i sold my goog April puts yesterday afternoon in the big dip. I would have been kicking myself if I had held on into today. Although this rally may last for 3-4 days, I think we might see a lower bottom then before, from ovbserving the Dow trend in the last 6 months. Today's rally is a result of the fed doing something once again, and not a result of a regular trading day. And googs Doubleclick deal approval adds to this.