12/21/12- This is a tough chart to trade because it can move in either direction and with GOOG options being very expensive, you may not make a very big profit if you straddle it.

Nice day trade if you jumped on yesterday on the PUT side.

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12/19/12 - GOOG is priming itself for a big move in the near future. Once the Fiscal cliff mess is over, the world is still here after 12/21 and we get closer to earnings, then we have the potential to see this stock make a move back to all time highs, well, it should, but do not get married to that idea, just trade around it and start to build a straddle position.

The next earnings release is scheduled for Jan 18th for now, so as we approach this date, GOOG will definitely make some sort of an earnings run, and as you can see by the chart below, if they miss again, it's going to be UGLY. All I know is this time I will be in my plays the day before so I can't get sucker punched by some moron releasing the news early.

As for the rest of the week, I am bullish so long as GOOG holds over the solid green candle from last Thursday. The best case scenario is we get a little sell off tomorrow so the Calls get really cheap and we can take a Lotto Play for a hopeful 12/21/12 surprise we are still here rally.

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12/14/12 - GOOG just floundered the past couple of days so I did not play it today. I will be looking for a play next week for the rest of December.

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12/12/11 - The bounce held and GOOG is currently testing $700 for it's next measured move. Must hold $690 on any pull backs. Once the FED news was released today GOOG put on a nice rally, but failed to hold over $700 and was heavily sold down into the close at basically a break even. Still green for the day so without market support I suspect a possible test of $690. I am still bullish on GOOG and will be looking for a Lotto Play tomorrow.

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12/5/12 - Looking for a play on GOOG and with today's meltdown with AAPL GOOG actually held up pretty well. I would have liked to see a positive close, but so long as it stays above the 21MA on the daily chart I am bullish. Any rally in the market is a call play for me.

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11/28/12 - GOOG is back on my radar screen and it's looking like money may be leaving AAPL and heading to GOOG. What a nice looking monthly chart this stock has. The stock finally took out its all-time-high back in 2007 in September. What a coincidence it was too. The previous ATH was $747.24 and the recent ATH was $774.38, you cannot convince me that stocks prices are not manipulated....they most certainly are!

Of course, the stock was immediately whacked down in October due to an earnings BIG miss, but GOOG is staging a  comeback for November. If we get a favorable Fiscal Cliff then this stock will be on it's way to $800 and will not look back.

The past two trading days have been quite exciting, but I am not 100% convinced until GOOG can close above $700 first then $750.00. The volume this month has not been as strong as I would have liked to see for a comeback rally, but these past two trading days have renewed interest for me.

Because of the the lack of volume as we head into the end of month trading I would be careful not to commit large capital until December trading starts. I think we could see higher prices into Friday, but remember, the sting of missed earnings last quarter resulted in a $100 drop, and that would have been even worse had there not been a supposed early release during the trading day—I am still pissed because we would have had a massive Lotto Play if that had not happened.

Until GOOG reports a solid quarter, it will be a very tough-road-to-hoe; however, once a stock like this gets going, you just need to climb on board and hold on for the ride.

I will be looking for a Lotto Play on Friday morning.

The weekly chart shows my calculations are SPOT ON!

Profits Up!

The donFranko