Gooooooogle

Quote from hajimow:

OK, now I am being a smartass, why didn't any of these big houses want a chunk of their profits? LOL. Where were the margin calls?

Maverick:

I have no ego. I have to admit that you were right . At least temporarily. While I wish you were wrong !!!, and to be honest I don't not buy your option rotation theory (I am sure you don't care) as the reason that GOOG went up. Remember if GOOG drops more in the next couple of days, I will come out with my "LOL" to you. :D
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Haj,

I have no further prediction for GOOG. I was simply telling you yesterday that I would not be short into the open for the option rotation, that's it. I didn't even think GOOG was going to go out at the highs today. I was simply trying to tell you that there was a better time to short the stock. I have no predictions going forward except I think the stock will trade sideways within a fairly narrow range, say 390 to 420.
 
Quote from hajimow:

Maverick, I am sure hajimow is not happy about his short trade. Just let him cool down a bit.

From +2,800 to -3,000 (lowest today) or even -6,000 (still holding now) on just 200 shares is quite devastating to a lot of traders. Hope hajimow covered premarket.

You are right. I am not happy but I am not mad. I will fix my trade by options. Actually GOOG was not in my list and I believed that GOOG is for gamblers and as someone said there are many other stocks that you can make money. I broke my rules and traded GOOG. But no matter what is my position on GOOG, I believed it is overvalued.
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You can't trade any stock on valuation, especially GOOG.
 
First you say you have no predictions, then you are telling me to sell the 390/420 strangle????


LOL

Just kidding....

:)

Quote from Maverick74:

Haj,

I have no further prediction for GOOG. I was simply telling you yesterday that I would not be short into the open for the option rotation, that's it. I didn't even think GOOG was going to go out at the highs today. I was simply trying to tell you that there was a better time to short the stock. I have no predictions going forward except I think the stock will trade sideways within a fairly narrow range, say 390 to 420.
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Maverick:

I don't remember that I have got upset from anyone on this message board. Actually I enjoyed your inputs. Once again I did not buy your option rotation theory (because I did not understand it) and I believed that the main reason that GOOG went up was psychology. People considered GOOG as a bargain at below 400.
 
Quote from hajimow:

Maverick:

I don't remember that I have got upset from anyone on this message board. Actually I enjoyed your inputs. Once again I did not buy your option rotation theory (because I did not understand it) and I believed that the main reason that GOOG went up was psychology. People considered GOOG as a bargain at below 400.
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I never said you were upset, I think that was another poster. All I can recommend to you is don't try to justify your trades. You are trying to come up with theories as to why it did this or why it did that, the truth is, you will never know. You can call it bargain hunting or whatever, the fact of the matter is, the stock traded up over 50 pts off the lows and closed at the highs on near record volume after it missed earnings by .22. Think about that for a second. GOOG announced the worst possible news in the world and people could not buy it fast enough after the initial selling. What if they somehow find a way to manufacture some good news in the next month or so? I would be very careful trying to short this stock.
 
Quote from hajimow:

Maverick:

I don't remember that I have got upset from anyone on this message board. Actually I enjoyed your inputs. Once again I did not buy your option rotation theory (because I did not understand it) and I believed that the main reason that GOOG went up was psychology. People considered GOOG as a bargain at below 400.
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Hajimow,

Failing to understand something, does not mean it isn't plausible as in Mavs explanation of option rotation. Forgive me, as I'm definitely not the sharpest knife in the drawer by far. However, what is the difficulty in understanding that those who write puts, offset the risk by selling stock to hedge in case of a drop as witnessed, simply put of course. No pun ntended. Then when the buyers of the puts sell them, the hedge is no longer needed by the writer, so the shorted shares are purchased.

This will help buoy the price of the stock somewhat, consider the various strikes of puts and take a look at the open interest.

You said a mouthful, when you stated that you believe it went up because of psychology. You may or may not realize this, how we trade, what we trade, and when we trade are all based upon what we have chosen to believe. Which in essence comes down to psychology of the market participants. Each and every one of us trades or invests based upon what we believe or don't believe is going to occur, or will change.

Obviously the market is indicating something and currently you chose to believe that you know better than it. Time may prove you correct, currently it could become an expensive lesson. That is the price one pays for conviction, right or wrong.

Good Luck in your trading!

Kelly
 
Quote from IV_Trader:

Mav , a lot of stocks moved big after reporting this qtr , will this affect the future "haircut" calculations/margins ?
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No, the haircuts don't change. Thank god.:)
 
Quote from Longhorns:

Here we go....

I'm sure everyone on ET was short. Blah, blah, blah....

Why don't all the geniuses post the "easy trades" before they fall 65 points?
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No geniouses here (I probably didn't even spell the word right), but I have posted a couple of EASY trades for tomorrow...

See the 5 min. charts (page 6) in the thread "NEW Anyone Counting Price?"

For the lazy... Dow short above 10967; Nasdaq short above 2311.57

rgds,
fx
 
MM's are not offsetting these trades later, the offset is done on the hedge or by completing a conversion or reversal.
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Maverick;

Does MM's offsetting through those means influence the stock price?
 
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