Quote from et_user:
Right now in Wall Street is why bother with all other 10,000 stocks when goog is a sure bet for another 80 dollars or so.
Think about it, why bother trade ES, NQ, home builders, oils, short metals, etc. What are they going to give 10 points, big deal. Google can do that in one day.
This is what I think hedge funds, mutual funds are thinking and betting big on google. They need liquidity and google provides that.
To me if I'm playing with other people's money, that's what I'll be doing with google, bet as big as possible and get that last 80 points or so in a shortest possible time, before next earnings in July to 350. I got the WS Publicity machine behind my back. What can go wrong now? Any dip is being bought, a clear fast trend in play.
Why bother with all other stupid 10,000 stocks for next six weeks. All these stocks take years to move 50 points and so why waste time.
Yeap, like everyone else who missed the boat on buy and hold goog below 150, I'm stupid and jealous too.
Unless goog closes below 250 again, this is easy money for another 80 points. Well, that's what Mr. Market is saying.
