Monday, July 6, 2009

Shorted GOOG

@ 404.8 . I entered 1/2 position for the time being and want to see if the stock moves higher later in the day to give a better entry for the last half position.

The FCX short is working nicely and I want to give out this next one. GOOG could head to 380 area, giving us a 25-30 point move as first target.

If you like options, you can purchase the Sept 360 puts.

A close above 425 area would be worrisome for the shorts.