Thing is, without the upgrade Google should have seen its 8SMA today, to which I would have entered a light common stock position, to ride into earnings. (Then play earnings with a few call options, which I still plan to do regardless.)
Wednesday, March 28, 2012
GOOG
Mahaney, you SOB! :) I kid, of course. He upgraded the stock today, and its up $10. I completely agree with him. In fact, I think his price target might be $30 lower than where I expect it to go if they produce solid numbers this quarter, which I am expecting.
Thing is, without the upgrade Google should have seen its 8SMA today, to which I would have entered a light common stock position, to ride into earnings. (Then play earnings with a few call options, which I still plan to do regardless.)
He may have set the catalyst for it to see 670 before earnings, which will force me to nibble on it now. (I really mean nibble.)
Thing is, without the upgrade Google should have seen its 8SMA today, to which I would have entered a light common stock position, to ride into earnings. (Then play earnings with a few call options, which I still plan to do regardless.)
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