bought GOOG at 182 and 183 at the opening to cover. perception of the expiry of lock-up was a sure fire means of applying early pressure.
Good trading, Great job. I would have done the same, after seeing the sell imbalance and large blocks in the morning.. I would not be surprised seeing upgrades in GOOG tomorrow...
Thanx. I think I was more lucky than smart this time. The way it moved so quickly scared me into a quick cover.
Stock made its down move anticipating the lock up days before so covers around 182-183 are good covers looking at the chart and the love of the analysts for this stock at this moment...
Sometimes playing the most obvious thing that everyone and his grandma knows about actually pays off. Sometimes.
I predict. If GOOG goes back to 210, they will say they covered at 182. If GOOG goes to 150 they will say they held and covered there. If course, now that I've spoiled the surprise, maybe they won't say anything.
Hmmmm. Trade in a $10 range Stocks 200 Thats 5%. There are stocks that move 5% , 10%, 50%, in the time it takes you to sneeze traded all the time. They are $1 stocks. You mean to tell me you trade the same number of GOOG as you do a $1 stock? That's the only way this $10 move would blow your account up. I gotta figure 75% of traders don't know what a percent is, from the kind of posts I see on a regular basis.