Isn't GOOG a great short right now??

Is GOOG a good short right now?

  • Yes, the lock-up expiring spells lower prices

    Votes: 27 38.0%

  • No, extra shares on the market is bullish

    Votes: 20 28.2%

  • I don't know

    Votes: 24 33.8%
  • Total voters
    71
Quote from Solskjaer_20:

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. :p
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Sorry, that should be 100 Dec 80 PUTS for 0.5c :)
 
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.
 
Quote from rubberbird:

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.
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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...
 
Quote from PhiSigmaIota:

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...
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Thanx. I think I was more lucky than smart this time. The way it moved so quickly scared me into a quick cover.
 
Quote from rubberbird:

Thanx. I think I was more lucky than smart this time. The way it moved so quickly scared me into a quick cover.
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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...
 
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.
 
Quote from Mvic:

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.
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Go Jimbo.
 
Quote from TraderRuss:

Its really consolidating here and I think it could go either way, although I wouldn't doubt if it did head a little lower. You still have to be careful with a stock that trades in a $10+ range on a daily basis. It can take your account value down pretty quick if you're wrong.
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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.
 
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