19 October 2007

19-10-07 : GOOG Pre-earning play comes to a close

As we wondered the day before, if its a bullish night, whether will path 1 or path 2 be fulfilled.

As it turns out, the market is bearish last nite, but path 1 is still fulfilled.
Price stayed at 630 throughout the 1st half, and never went down. 2nd half saw price sour to $640 level, as predicted.



After market close, the price went on to go to $647. But thats another story, since its gap play already. For those who play gap, its a gain, but to risk $15.50 to play a gap, its half my capital, and thus not worth the risk.

I also did not go for call last nite at 12am time, where the upside is more certain with strong 630 support. Why? I was sleepy and went to sleep like a pig.

For all of you who played the pre-earning play for GOOG, i want to congratulate you, because its a worthwhile cause.

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