Google Forecast. Tue, Feb/26/2013

I Commence with Gratitude. Image

Looks like GOOG is ready to take a little break from going high in price in the short term, therefore I will be looking for an opportunity to short the Stock tomorrow.

Today it closed at $790. I think the price is going to retest $760 and $745 then bounce back higher.

It will be Ideal to buy strike $780 puts tomorrow at a right time.

The exit strategy: If the stock goes above $792 and closes at that price then it will be best to sell all the positions.


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