Wednesday, March 11, 2009
Getting Short Google Inc.- GOOG
An exchange with a reader (thx D.M.) brought my attention back to Google. The picture on Google, ticker GOOG (chart above) shows a multi-month bear flag that has broken down and is now rallying into the underside which should serve as significant resistance.
I am using the current rally to get short 1 unit of Google here at $317.05 with a stop at $324.61.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $123.28
Long 1 unit Ultrashort S&P500 ticker SDS @ $69.80 stop @ $93.42
Short 1 unit Apple ticker AAPL @ $102.05 stop at $100.11
Short 1 unit Apollo Group ticker APOL @ $82.95 stop @ $82.95
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20
Short 1 unit Amazon ticker AMZN @ $67.45 stop @ $68.47
Short 1 unit Google ticker GOOG @ $316.95 stop @ $324.61
Long 2 units Ultra DJ Crude ticker UCO @ $8.05 stop @ $6.78