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Google Inc. |
this is nuts. google is not going to low 6 hundreds. it had a bump
due to cyber monday. it was killed with the ms announcement of data
centers in siberia. big deal. it'll pop again tomorrrow. it's one of
the few issues that only went down 12% in this subprime mess and one
of the few issues that rebounded and is projected to go $900. why all
the institutional movement in MAR 900 calls? because the stock is
headed way higher after this mess. around Jan earnings. when you buy
long you ignore the daily over-analysis of market fluctuations. in a
down market there's going to be short selling and covering margin
calls with sizeable equities. goog is a sizeable equity in anyone's
portfolio. i would buy some and enjoy the ride but don't think this
stock is going to 500 plus price levels. Citywide will go BK first
along with a general market collapse in the finacial sector. and
neither one is going to happen.