Thursday, October 08, 2009

Speculative GOOG Short

While GOOG is on the bullish focus list and I am high on the setup on pullback, it is very overbought. The two period RSI is off the charts extreme. I took a small speculative short position.

My stop is at $526. Target is $510. This gives me 2:1 risk ratio.

Keep in mind that GOOG's earnings announcement is October 15.

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