The Surf Report

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Surf, are u planning to keep your position into earnings?

Maybe u could consider buying some kind of insurance, at least for the sake of your clients.
 
I hope you make a killing I would just say, I hope your third sell can be at 499 just in case. This just reminds me a lot of Yahoo.
 
I bet Surf had some kind of inside info. Otherwise there is no explanation why would anyone short a high beta tech stock when the market is going sideways or up. When was the last time GOOG acted against the Nasdaq??

You should have waited at least until the January effect lasts and short then. Around 10-15th of January...

And even if you really wanted to short GOOG, why didn't you use your death channel approach? Let's say 430-435 death, below short, above not in the position. (because you don't want to be long). In this case you might loose a few bucks to fluctuation, but you sure lose less than GOOG at $550...

This trade started to remind me when you were short YMs against my strong buy signal and let it ran against you by 130 points. You got lucky with that one and got out at breakeven, but remind you that was your last trade for the year in November, so I guess it had a lasting effect...

A good trader shouldn't depend on luck, that will ran out eventually.

Otherwise have a happy and profitable new year...
 
GOOG has 295m shrs outstanding
103m insiders
112m institutions
80m in play
8m short
Insiders and institutions aren't going anywhere soon. That leaves 10% of shrs actually in play by manic depressive hedgies and private trader slicks short during electronic show week. Who do you think is going to win this game.



Goldman lifts Google implied value estimate to $500 (GOOG) By Tomi Kilgore
NEW YORK (MarketWatch) -- Goldman Sachs raised its implied value estimate for Google Inc. (GOOG) to $500 from $400 based to reflect higher earnings expectations. Analyst Anthony Noto said a more aggressive valuation scenario would lift the implied value estimate to $556NEW YORK (AP)

-- Motorola Inc., the world's second-largest maker of cell phones, late Thursday said it entered a global mobile search agreement to give its customers easy access to Google Inc.'s popular search engine through its handsets

http://biz.yahoo.com/ap/060106/motorola_google_kodak.html?.v=1


1/5/2006 GOOG Google Inc
Last: 451.24
+6 Caris & Company Buy Above Average Sees addressable market of $100 billion.
 
I haven't ever seen surf put on a winning trade, I am sure he has I just haven't seen it.

Surf you just want to be known as "the guy that called the top in google correctly," I don't actually think you have this on. It is like your short oil call under the guise of "hank rollins" just before hurricane katrina. Stop trying to call tops and go with market.

:D 5yr
 
good point. Jem is going to scale into google shorts in the following manner.

One share at 490 one share at 495 one share at 499 and one share at 505.

I expect to have to put on no more than 5 "traunches".

I figure if Surf is going for glory I might as well too.
 
OK, we have entered short for 3rd time in GOOG here @ 457.40 bringing the final average price to 446.95.

holding DIA shorts at this time.

best wishes,

surfer
 
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