GOOG suckers

I'm lucky I bought 4 @ 453 yesterday...

 

Other than the Nasdaq, not affecting futures that much.

 

17% move on expiration day. Somebody got hurt

 

The GOOG CEO's announcement that they will be immune to the economy sounds a lot like the denial by the Bear Stearns CEO they had any major sub-prime problems.

But at least GOOG won't go bankrupt.

 

I am not sure it will come back to flat before open tomorrow. It might come back $30-$40 then again I wouldn't have guess a $75 AH up shoot either. If it does stay up $35-$75 though I feel very sorry for those that shorted it. Anyone that shorted any size might be looking for an upper story window to jump out of.

 

Those that shorted it? How about those who wrote calls lol.

I feel bad for those people.

 

The ones who wrote calls thought they will just expire worth less tomorrow. HA.

 

Well in general when I say "short", it includes those that shorted the instrument, those that wrote calls and those that bought puts. I agree though that the people in the highest suicide risk category right now are those that still have outstanding short April calls in the 400 range.

 

Seemingly high premium via high implied volatility before earnings announcements can cut both ways. Those people that got burnt should learn their lesson there is no "risk free" high premium to bed collected anywhere.

 

duh...I should have figured that.

lol! Yup, that's going to be a friendly little reminder for next time.