Edited by ogm, 30 October 2007 - 12:59 PM.
Call me crazy. But I just went short GOOG, AAPL and ISRG.
Started by
ogm
, Oct 30 2007 12:59 PM
8 replies to this topic
#1
ogm
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Posted 30 October 2007 - 12:59 PM
I think they are blowing off for the short term.
Either way risk/reward isn't too bad here. I mean they don't have much room in % terms to run.
#2
ogm
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Posted 30 October 2007 - 01:21 PM
GOOG 698.... 700 would be pretty hard for it to crack after such big advance.
But ISRG is probably the best of the pack. I'm sorry, I like the company but 100 P/E is a bit of a stretch. And who isn't long ISR already.
As a matter of fact all 3 of them are pretty crowded with a lot of people sitting on a lot of profits.
Short some BIDU here at 384. Just for the heck of it. Nothing personal. This one will probably stop out first.
Edited by ogm, 30 October 2007 - 01:22 PM.
#3
isaac613
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Posted 30 October 2007 - 01:24 PM
Hey, do you have a stop target on aaple. I also just added to my short on that. Thanks.
#4
ogm
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Posted 30 October 2007 - 01:31 PM
Hey, do you have a stop target on aaple. I also just added to my short on that. Thanks.
No hard stop.
Small position. I think there are much better shorts in this market then AAPL. I'm just playing with these 4. Don't expect much of a % decline. Just see good risk/reward.
Well, ISRG could lose 30% and still be expensive, though.
I think you'll make more money on XOM puts then on AAPL short. Thats where my money is.
Edited by ogm, 30 October 2007 - 01:32 PM.
#5
SandStorm
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Posted 30 October 2007 - 02:24 PM
GRMN earnings 31st AM. Will you consider shorting it?
#6
ogm
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Posted 30 October 2007 - 02:31 PM
GRMN earnings 31st AM. Will you consider shorting it?
Just for a quick gamble.
I'm much more optimistic on oil shorts here. Plus I'm picking stocks in downtrends, regardless of the sector like HSY or with good looking short setups. like CHRW for example.
These 4 are not serious positions.
XOM is...
Edited by ogm, 30 October 2007 - 02:33 PM.
#7
denleo
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Posted 30 October 2007 - 02:32 PM
GOOG high 699.91. They have to touch 700. Greater fool theory is very powerful.
Denleo
#8
SandStorm
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Posted 30 October 2007 - 02:39 PM
Thanks.
I think I'll go flat on GRMN, and I just sold BIDU as well.
I am still holding goog, aapl, isrg. Unless there are gaps otherwise I should be ok since I am keeping a very short leash on them high-flyers.
#9
thespookyone
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Posted 30 October 2007 - 04:16 PM
Nice plays, OGM, I believe in the oil shorts as well, shorted SU and a smaller position of UPL yesterday. Good trading to you.
