well google is strong right now on the good yhoo number, guess that teaches me not to mix techs with fundamentals...anyways we'll se what happens when goog reports
For as long as GOOG has reported earnings, it has followed the lead of YHOO which as always reported first...So looks like we go up on friday... DAMMIT..I was really hoping for a good rinse Check out the spreadsheet...hard to go against it, even though it's not a very large sample of data...
well mr always wrong, ive decided to buy some intel based on your recommendation Well I am not responding to you because your comments are more suitable to Yahoo message boards. I am actually responding to those who read your comments and might doubt about my recommendations. I readlly recommend you to change your tone of messages to get respect from members. I am sure many members disagree with me but they try to argue with me based on facts. 1- On RMBS: You are right. I recommended to short it at 42.5 plus I told you to sell PUT that would keep you safe up to 45.3. So far you have lost money but I did not say you will get rich right away. I also said just do 200 shares for the fun of it. I am still holding my short position and if it stays above 40 till this Friday, I will sell PUT 40 for May again and keep my short. 2- About GOOG, I told sell PUT 370 at $3 and sell Call 390. Lets see how everything will pan out. At 11 today it was 402 and now it is 416. You can not judge based on the minutes. 3- I am long INTC at 19.64 and have sold Call 20 at 0.4 so my average price is 19.24 or they will be called at 20. Such a safe trade (is there any safe trade?). Yes it went down to 19 today and then it went up to 19.50. Based on which price you want to make fun of my trade? I am a kind of bearish on the market. I believe today was over-reaction. Oil is at all time high and still going up. You can invest in one year CDs at 5.2% rate so equities should perform better. Realities will kick in soon and we will see selling pressure as if we did not have today. I am not predicting a disaster. Just a slowdown.
So saved But it was an intersting play, personally , I did not see $INDU flying up 200 points here today. I was looking forward to further downtrend But price action for GOOG on MONDAY (9-10:00 GAP UP) was a huge bullish sign AKA <b> Change of Trend </b> I didn't know what will happen on TUESDAY/WEDNESDAY I didn't even know YHOO was reporting today, but price action usually tells us all this before it happens. (Insiders already know) So as traders, one must forget the news and watch price action. GOOG Will gap up on earnings as well 70% of that happening. But you must also keep news in mind, so you don't really get surprised. Be sure to automate your price action indicator, so you don't 2nd guess yourself. People talking about oil, Iran, FOMC minutes, will find it hard being a consistent trader, because you are infused with multiple ideas. You just need to know WHEN its happening, and then refer back to ONE IDEA: your own custom price indicator.
About YHOO and COOG comparison. YHOO is relatively undervalued compared to GOOG. Look at their P/E. YHOO surprised the market while everyone was expecting it to disappoint but everyone is expecting GOOG to surprise so anything other than an extreme surprise will take it down. YHOO's result on ads and revenue and new search engine shows that it is not easy for GOOG to swallow the market and there are tough ccompetitions going on.
Don't be surprised if GOOG closes almost flat or even negative today. Now it is up over $7 (Wednesday 19 April)