StockFetcher Forums · General Discussion · GOOG is tanking ..<< 1 2 >>Post Follow-up
johnpaulca
11,312 posts
msg #86041
Ignore johnpaulca
1/12/2010 3:10:21 PM

GOOG....long at $589.53....a small position, fishing for a few dollars.

johnpaulca
11,312 posts
msg #86044
Ignore johnpaulca
1/12/2010 4:01:59 PM

GOOG....up $1.97

gmg733
623 posts
msg #86099
Ignore gmg733
1/13/2010 8:15:13 AM

With the China news today, it makes my testing a bit harder, but not out of reach.

Did anyone see BIDU off the GOOG news yesterday? I play BIDU regularly and I have been out of it. Would love to be in some call options this morning. :)

karennma
6,831 posts
msg #86106
Ignore karennma
modified
1/13/2010 9:00:13 AM

gmg733:
Did you buy those calls on BIDU yesterday?
If you didn't ... you're gonna wish you had!!
LOL!


Edit:
Let's see ... BIDU closed @ $386 yesterday?
Now $451 in pre-market.

:>)


karennma
6,831 posts
msg #86108
Ignore karennma
1/13/2010 9:18:23 AM

gmg:
OMG!!
the BIDU $400 calls were ONLY $152 yesterday!!!


Kevin_in_GA
4,553 posts
msg #86111
Ignore Kevin_in_GA
1/13/2010 9:25:54 AM

You can't predict when this will happen. You can, however, fade the gap now that the stock has gapped up beyond where it should be (it closed below its Lower BB yesterday, and will open about 30 bucks ABOVE the UBB this morning). This will not be sustainable for any period of time.

Do you really think Goggle will pull out of China, leaving the door open for BIDU? Once this is resolved (and it will be), BIDU will fal back to the 400 range like a shot.

karennma
6,831 posts
msg #86117
Ignore karennma
modified
1/13/2010 9:48:13 AM

Kevin:
I don't have to "think" about this. This morning @ 9:30, ... the "news" is now stale.
There's nothing to "think" about. You can't make money on OLD news.
Buy the rumor, sell the news.
This is what I call a NO-BRAINER trade.
Yesterday's Rumor: GOOG pulls out of China, BIDU gets the biz.
Buy the rumor, sell the news.
That trade is over.
NEXT!!


StockFetcher Forums · General Discussion · GOOG is tanking ..<< 1 2 >>Post Follow-up

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