The Surf Report

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Quote from Mvic:

Expect a visit from Stock777 any time now calling your trading skill in to question. It won't make a difference if you profit from the trade or not, its enough that you had the temerity to short goog.

The thing about Goog though is that there are so many synergies that it has going for it with all its various products. I used their Earth tool to follow the Sydney Hobart race in real time for free, pretty remarkable.

Good luck, I think that with the right set up Goog offers up a number of nice short opportunities regardless though I have to tip my hat to those that bought and held a few hundred ago.
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absolutely, i love the google service--use the earth tool and gmail myself. however, its my contention its due to for a nice pullback very soon. in addition, the foray into "uncharted" hardware territory has not boded well for other software companies, no reason to think goog will be any different. holding shorts here.

best,

surfer
 
Hope you are right surf, looks to me like it is at the beginning of another move up and I think $500 is probably in Goog's future this year but am not in it either way. Do you hedge your position by buying some calls or long other techs or just play it outright? With a stock this volatile why not just use options?

Good luck, would like to see someone catch the top on Goog and it might as well be you.

Take a look at SPIL.
 
Ive been looking for a reason to short Goog. I use it as my home page and when I opened it the other day Google was spelled in braille. Is this a sign from God??
 

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I agree that over the long run GOOG will go down, but it is never a good idea to short a tech stock when the market itself is going up.

So far it is up 3% from where you shorted...

Edit: It is almost 4% now...
 
Quote from easyrider:

Ive been looking for a reason to short Goog. I use it as my home page and when I opened it the other day Google was spelled in braille. Is this a sign from God??
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that is weird, easy! definately pointing to a top. :D

surf:D :p
 
Quote from easyrider:Ive been looking for a reason to short Goog. I use it as my home page and when I opened it the other day Google was spelled in braille. Is this a sign from God??
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Thought it was some kind of sad joke when I saw it...

But:

It was in celebration of Louis Braille's birthday. " (January 4, 1809 – January 6, 1852) was the inventor of braille[1], a world-wide system used by blind and visually impaired people for reading and writing. Braille is read by passing one's fingers over characters made up of an arrangement of one to six embossed points. It has been adapted to almost every known language." http://en.wikipedia.org/wiki/Louis_Braille

Didn't you feel the bumps when you touched your screen? GOOG is THAT good! :cool:
 
500 is like a magnet. When a stock is extended so far beyond normal measures. What do you have left.

You have some bogus neogan channels. You have trend analysis which surf argues is bogus. You have moving averages. You have price action. You could have fib price extensions. But I think what would be overwhelming here is the 500 dollar price tag.

Just like Yahoo's price high area.
 
Hi,

i am holding the goog short here despite the adverse excursion of the last several days. the average price is 436.50 and i am extended 2 of 3 units to short----meaning,i have one more unit to enter short with to stay within the pre set risk parameters. the 3 unit method enables one to be off a little on the timing of the move yet still capture profits if the predicted move occurs within a reasonable time frame/dollar distance from entry number 1. i am maintaining confidence in this trade presently.

shorts were entered in the DIA trust this afternoon @ 108.65 and they are being held into the open friday.


best wishes,

surfer
 
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