as predicted... now waiting to break 440... and about utube buyout.. i dont waste time commenting on something im not in the position to know... somehow those smart guys at google knows something we dont.. so i will just keep my eyes on their earnings and stock price...
I'm back in with a 460-470 Bear Call spread again. Had an existing 470 call I bought a while back. Bought back the 460 a couple weeks ago for a small profit. Sold it to open again yesterday for 4.4 x5 ($2,185 credit after comm). I have already pulled out $785 profit on this options cycle, lets see how much I can get again on the second ride.
top of the symmetrical triangle when the news of the merger broke. But no follow-through. Needs more volume to get this sucker past the resistance trendline. Odds are better that it stays in the triangle than break out above. <a href="http://torero.vecino.com/modules/wordpress/index.php/archives/2006/10/06/short-goog-at-top-of-symmetrical-triangle/trackback/" border=0> <img src="http://torero.vecino.com/trading-charts/symmetrical-triangle-short-GOOG-Weekly.jpg" alt="GOOG symmetrical triangle"></a>
Any predictions on earnings? Looks like it has problem breaking 430. I'd say 10 pts up on really blow out #s and down 20-30pts easy on not so hot #s.