Closing GOOG March$540 Call
Wednesday, February 17th, 2010As soon as the market opened this morning, I was expecting GOOG, RIMM, AAPL to bring the Nasdaq higher; but NO… It didn’t happen. It was a very choppy morning, and by watching GOOG for the first 30 minutes it didn’t appear like GOOG was going to the $550 or at least the $545 level. So what I did, I went ahead and RANG THE REGISTER, 1st trip at $16.20 and the next trip at $16.70 bringing home the bacon at a 15+%. Then, all we saw from GOOG was sellers….bringing the stock close to the same level it was before yesterday ($534). Having said that, with a strong pullback to the $530 level I might jump on board once again. Happy trading everyone !!!!
ABOUT THIS AUTHOR
I’ve been trading since early 1990s in the markets. After having lived through the DOT COM crash, as well as the bounce thereafter, I realized that in order to make money in the market our EXITS are far more important.
Patience + Discipline + Money Management + System = PROFIT
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That was a good CALL…
15% ROI !!!!
Not a bad day….
Good Job,
Jerry