After-hours the Naz futures are down 6.50 points. Meaningless as to how the Naz opens tomorrow but weakness in the Naz tomorrow met with strength in GOOG will tell us a lot.
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Yessirree
Dave,Originally posted by DSteckler<< I can't believe Dave sold as early as he did. >>
Would you be saying that had it closed at 370? When you can't watch a volatile position, you're foolhardy not to take profit when you can.
I am right there with you. Too bad you had an appointment, as you might have pulled down some more cash. But I believe that any profit is better than any loss. And one of my rules is that if I made $$$$, I don't look back in greed wishing I had more.
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Well, here is the report of a chicken. I always wanted to have a smallish position in GOOG. The chance of a rebound yesterday was very great, so I jumped in at the open with a, for me, oversized order. I got GOOG for just under 409.40, did some frantic calulation, and entered a limit order for 413.75. 40 minutes later this got filled, and now I have my smallish position in GOOG. It could have been bigger, but GOOG was WAY oversized, and I didn't want to take more risk. I never earned so much money in so little time. After the buy and sell, I am now in GOOG for $200/share net
Regards,
KarelMy Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
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Congrats!
Nice going Karel. Not too bad for a Dutchman--(they have higher standards, you know).Originally posted by KarelWell, here is the report of a chicken. I always wanted to have a smallish position in GOOG. The chance of a rebound yesterday was very great, so I jumped in at the open with a, for me, oversized order. I got GOOG for just under 409.40, did some frantic calulation, and entered a limit order for 413.75. 40 minutes later this got filled, and now I have my smallish position in GOOG. It could have been bigger, but GOOG was WAY oversized, and I didn't want to take more risk. I never earned so much money in so little time. After the buy and sell, I am now in GOOG for $200/share net
Regards,
Karel
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Well, they don't like to be in debt. This one doesn't, anyway. When I say overweight, I mean it. When I hear people on this board talking about 1K shares GOOG, I sometimes wonder what I am doing here. The 100 shares GOOG I bought yesterday doubled the market value of my holdings *blush*
Regards,
KarelLast edited by Karel; 01-24-2006, 09:10 AM.My Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
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The other day I was talking about buying 200 shares at $400 for an $80000 position. That 8 times what my mom and dad paid for the first home they owned on their own. Just amazes me. I'm watching the raw data feed this morning and there are 100 share lots going like there's no tomorrow. I just can't rationalize putting up $40000 to buy 100 shares of something to make a couple of thousand. The stock had to move from $400 to $420 to make two thousand yesterday an it did it. Now it's moving in the pre-market again like yesterday. I wanted to get in at around $400 even yesterday because I felt it was going to go off but couldn't bring myself to chase it. I was ready to buy the 200 shares yesterday if I could have gotten them at $400. I'm thinking I'm nuts to even consider that but look at what the results would have been and you can protect the position by placing a tight stop and there's not worry. Good luck with it and nice big balls on your part.Originally posted by KarelWell, they don't like to be in debt. This one doesn't, anyway. When I say overweight, I mean it. When I hear people on this board talking about 1K shares GOOG, I sometimes wonder what I am doing here. The 100 shares GOOG I bought yesterday doubled the market value of my holdings *blush*
Regards,
KarelTHE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Any thing to add to that NY? A reason, even your opinion is appreciated. My intrest is aroused by your recommendation.Originally posted by NY4EverAs much as I like GOOG, suggest selling 1/2 over 440. Looking for a pullback to around 420 prior to earnings on Jan 31st.
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Weekly chart
Weekly chart on GOOG reveals a symmetrical triangle. Since this pattern is one of consolidation not continuation, it will take a breakout in one direction or the other to determine what comes next. Both weekly and monthly technical indicators suggest further downside pressure.
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