Im shorting Goog on Monday

Quote from jreynolds212:

For the last two years, Google has come down 20% from January to May. I say this year is no different. Im shorting Goog on Monday. Short and hold until May. Look at the chart, if thats not a top then what is?
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Why wear that kind of risk?? Buy puts, define your risks. I am not saying I disagree with your bearishness, but since you have defined a timeframe for your move, define your risk and buy ATM puts.

GOORL are June $660 puts +/-$62.00
 
Quote from jreynolds212:

For the last two years, Google has come down 20% from January to May. I say this year is no different. Im shorting Goog on Monday. Short and hold until May. Look at the chart, if thats not a top then what is?
More...

Looks like 560.00 to me
 
Here is a chart showing Goog. Come to your own conclusions. I say if it breaks south then there is no support until the 500s. The ramp up from October to December is what is known as a blow-off top.
 

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Quote from nyxtrader:

This is to the orginal OP, I like goog as a short too. YOu DEF want to scale in on this one. Small size, one thing will happen you will get squeezed if you don't. goog hit 500 before 800, I feel confident about it, I might be wrong but I doubt it.

Just be careful when shorting it.
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At what price did you short in Nov?
 
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