The Top: Google buys Nest Labs

[drownpruf]

Up $800 per fly so buying some shares to get neutral to mkt.

 

[drownpruf]

I'll post my weekly performance to this thread as I no longer have a journal and have been posting trades as well. Some long deltas paid off:

 

[kinggyppo]

I'll post my weekly performance to this thread as I no longer have a journal and have been posting trades as well. Some long deltas paid off:

cool looking forward to that.

 

[drownpruf]

cool looking forward to that.

Thanks. I am out of town and working stuff remote, so I am trading small and some automation.

 

[drownpruf]

 

[Robertbrad]

Google wants to be everywhere thats why its on everything we have

 

[drownpruf]

Google wants to be everywhere thats why its on everything we have

Yeah, and the shares are 100 lower from the date of your insightful post.

 

[drownpruf]

GOOG is a short-term buy here at 1117. I would hold to 30-32. Time stop of 4 trading days.

 

[drownpruf]

GOOG is a short-term buy here at 1117. I would hold to 30-32. Time stop of 4 trading days.

Obv 1132 was hit today. I was out at 30 in the day session. 6.5x risk.

 

[drownpruf]

http://www.mercurynews.com/business/ci_24916785/how-google-is-moving-into-home-nest-labs

No doubt in my mind that we're within 5% of a cyclical top in the equity markets. GOOG buying a maker of thermostats for $3.2B in cash. Nest Labs at $15MM in revenue. 6% of GOOG's cash position.

Nest had some copy (since removed) on their site stating that it will show you how to save energy by turning down your thermostat. Rly?

GOOG 1151.51 last
SPX 1841.82 cash

We will be materially lower in a year.

GOOG 1062 split adjusted. Wheeeeeeeeeeeeeee. I was still short quite a bit, covered. Went long 531.09 avg (1062.18).