Stock777, when I trade options (very rarely) they are at least one or two strikes in the money. The only reason I brought this was because of a hunch and the fact the lock up was coming, which I thought would bring down the price a lot. The only other time i did something similar was when RIMM flew to $100 + on negative news (how i saw it anyway) in December. I brought a small position (100 Dec 80 calls for .05c). next morning got out for $1.15. So as far as cherry picking goes, I think I'll leave that for your hero Mr Cramer, the biggest cherry picker of them all.
Apparently Crammer is saying that the lock up exp. is a positive and that it is was a buy Friday, then again he has apparently been saying that since earnings. Lets see how he does. Frankly I am always happy to hear I am on the opposite side of his trades.
LOL. Well, so now we have two year making home runs. Not bad. I eagerly await the next play, hopefully given in advance as my time machine is in the shop, being oiled and repainted. (Apologies to Rod Taylor)
\ I'm note quite sure, but hasn't Jimbo been fairly bullish on GOOG since 150 or so, if not before? That would make you deeply in the hole, not happy.
"Any trade advertised on CNBC should be suspect. All day Friday, CNBC was telling viewers that the lock-up is expiring. A lot of people could be short and wrong on Monday. " So according to this line of reasoning, do you agree that TASR is a long at this point?
it pretty clear u have an unhealthy obsession with "Jimbo". In fact, I dont think u post anything on this site except for "Rah rah" posts for the old guy. U the President of his fan club? maybe his favorite stalker? I bet u wait outside his home and go thru his garbage, maybe u can find a little post-it note with his favorite symbol? Mr. Zen
I don't think GOOG is a short candidate right now I would buy GOOG here as the market already discounted the lockout news so I would buy it here.
Don't know if there is much downside at this time. Maybe down to 178, but I don't think the Big Money wil let it fall further than that before the next earnings report, why should they, everything the company has said so far has been roses.
Speaking of obsession's. And I hope your stock research is better than the work you've done on my postings, though I doubt it. Let's see , 1800 posts (time flies when you're having fun) and you think they were all on the topic of Jimbo?? The problem with you Cramer bashers it's just that, bashing , with no rigor. Jimbo is a fan of rigor, in case you didn't know. The sad fact is, I could probably do a much better and rational bash job on JC that any of you, but unless you're looking for a quick passport to Nirvana, don't hold your breath.
I talked to some dudes who were short GOOG over the weekend. Its' a pretty loaded boat. Preservers anyone? PS Maybe I'll buy up the float when the ecn's open in the am, just to test the sincerity of the shorts.