but all it wants to do is go higher.....ive been looking at it all day wondering when to jump in and it doesnt give up...
I went long on 5/17/2005 at $231.63. According to my exit strategy, I don't have an exit yet. I must say that I was not expecting this type of run though... Lets wait and see...
When google was at $198 Jim Cramer kept saying BUY! It should be trading at $250. After their 1Q earnings he said BUY! It should be trading at $318. He was right the first time when everyone was saying it would never get to $250, will he be right again? Shorting would be a big mistake.
I have not read any of the threads that I see here all the time about this Cramer guy but my mind (and not my heart) is telling me we'll see Google at $300.00 and not at $200.00.. They own the internet advertising right now...and each day more and more "Google Ads" are popping up on websites... I'm not a trader at all..I like to buy calls or puts..nothing fancy at all..I have been thinking about buying Puts on Goog but the more I think about it with my mind and not my heart, everything tells me to buy CALLS.... Just my opinion of course, but I do believe we will see $300.00 and then on to $400.00 with many pullbacks in between but the trend is UP IMO.
The trend clearly is up. But the move has been fast, I would assume some profit taking would take the better of many traders/investors. That is the short play i'm thinking of, not anything long term.
not looking like they are taking profits today...there is no entry for you to short...to much risk for the reward so far...peace