Google was up almost 11 dollars today on good earnings. As you know I've been bullish on GOOG based on the 6 month cycle, but I took the trade off yesterday because I didn't feel comfortable holding a position going into earnings. It turns google didn't gap up or down 50 points like I feared, in fact it wasn't even that volatile.
I'd like to get back into this trade if GOOG dips next week. If I do anything I will post it here.
Friday, April 20, 2007
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2 comments:
What would you like to see happen to goog prior to going back in and at what price would you enter it ?
Thanks for the blog .
Not sure right now. maybe a test of the 50 day average, maybe a pullback followed by a bullish engulfment, maybe a consolidation follwed by a breakout to the upside....etc
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