lol the usual goldman upgrade. guess who's still long. goldman deserves ZERO credibility, same story as in 2001
good point... I don't have position on GOOG , I got out of long straddles on initial spike of pre-report vols a month ago (from 32 to 42) , if I only knew that it will hit 70th... oh , well
This is not good advice. The vols on those puts are going to get crushed. Unless you can get the first bid you see, you are going to be selling very cheap gamma. I know he is short the stock already but giving away free gamma is not the way to go. That's my opinion at least.
Maveric. Have you read the reminiscences of a stock operator book?Sometimes big stock holders pay analysts for an upgrade to unload their shares.
Yeah and we never landed on the moon. I'm sorry, I do this for a living and I don't have the luxury to believe in conspiracy theories. I'm not long or short the stock so I really don't care, although I do have some flys around the 340 and 350 level that could pay off huge at expiration, but doubt that will happen.
RSAS trade today was similar to the action suggested by Mav for GOOG for tomorrow. Earns came last night - I was long calls/short stock on a 2-1 ratio. I was absoultely positive (you know where this gets you) that the stock would continue to sell off after the expected lower open (based on Previous days AH and pre open activity). So... I could not wait to sell half my calls on the open thinking I would cover my short position lower. Did not Happen! I think Mav has it right on this one,. I also am not in GOOG.
Do you think GS really gives a shit about the direction of google. Its prop desk trades forex, futures etc. I highly doubt that GS is speculating on goog.
To everyone: No matter what will happen to GOOG, I would like to thank everyone for their constructive inputs. Happy and profitable trading.
Hey Mav, You were the one saying Google had a monopoly on information, worth $1200/share, releasing $200 PCs, right? You'll pardon me if I take your prognostications with a grain of salt. I have no idea where GOOG opens tomorrow, but their momentum has been broken and all the stock had going for it was momentum. If it trades back into the 400s, it won't be for long. Martin
Good for you Martin, then put your money where your mouth is. You don't need to scream to the world what you want to do, just do it already. I really don't care if GOOG goes to 1000 or 100. But yeah, I still believe in the next 5 years, it could trade at 1000. Right now this is a $38 stock with a 10 multiplier. I think it could see $100 in the next 5 years. I don't know why I would change my mind now. Their earnings were up 90% this qtr. Just do what you want, it's your money.