Pretty impressive price action on GOOG. Price is now way
outside bollinger bands on all time frames, and most notably on the
monthly. Unless brawls break out in the GOOG cafeteria, I
would imagine some institutional money is rotating out of AAPL into
GOOG.
You might be better served to go long AAPL and short GOOG as you
may see this spread reversed in a short few months.
Currently at roughly $58, $25 of that today alone, it could
easily become a negative $100 over the next few months as APPL
earnings far outstrip GOOG's....just a thought and something we can
watch.
People like companies whose products they can touch/feel and
see. GOOG is still kinda hard for some folks to wrap their heads
around.
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GOOG all-time high
Posted by kalinm on 24th of Sep 2012 at 04:16 pm
Pretty impressive price action on GOOG. Price is now way outside bollinger bands on all time frames, and most notably on the monthly. Unless brawls break out in the GOOG cafeteria, I would imagine some institutional money is rotating out of AAPL into GOOG.
Consider this trade
Posted by perthx on 24th of Sep 2012 at 04:57 pm
You might be better served to go long AAPL and short GOOG as you may see this spread reversed in a short few months.
Currently at roughly $58, $25 of that today alone, it could easily become a negative $100 over the next few months as APPL earnings far outstrip GOOG's....just a thought and something we can watch.
People like companies whose products they can touch/feel and see. GOOG is still kinda hard for some folks to wrap their heads around.