8/17/12 - salvaged what I could from this trade.

Profits Up!

The donFranko

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8/16/12 - Opened position on the 680 strike. Goog is holding ground on the hourly chart and the daily is showing signs of a breakout possibility. Let's hope it starts tomorrow!

Profits Up!

The donFranko

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8/15/12 - Google is holding ground today which is a good sing for a move higher by Friday. I will be watching tomorrow for my next Lotto play entry. If GOOG opens higher than $675 tomorrow, then I will look at the 685 calls.

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8/14/12 - As predicted, Google did hold yesterdays move and now appears ready to make an extended

move higher. Here is what the options I posted yesterday did today. GOOG needs to move about 12%

more to put in a new all-time-high so any close above $670 and the race is on. I will be looking for a Lotto

play on Wed and Thurs so stay tuned and lets see if we can get a Friday rally and nice profit.

Here is the hourly chart for today. Notice the solid gap up then increasing volume after lunch. This is very bullish; however, the stock must hold $663 for me to consider it a continued long.

Profits Up!

The donFranko

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8/13/12 - Looking over today's action makes for a good case that GOOG could take out its all time high of $747 soon. It has been a very long time coming and with all the enthusiasm in "tech" stocks these days, I certainly can see GOOG making a run for the higher ground. Today, was a very good day to be long this stock, so I am looking for an opportunity pull back before I get in with a full position. If the stock does gap up tomorrow, I will buy a small position on any dip that holds above the open. If GOOG does get a close over $670 on stronger volume than today, the race is on to take out the all time high!!

So, what moved the stock today? In my opinion, it was the news they were restructuring their purchase of Motorola mobility, oh, and an upgrade by Morgan Stanley...yup, that's the ticket all right—I will be looking for the next Lotto Ticket Trade on this one!

Google plans to cut jobs (bummer) by restructuring the company so they can expand their Android offerings. This will increase market share in the long run, and that means more profits! Of course, more profits means higher stock prices; and analysts love to trade high flying stocks on a multiple of future earnings —tomorrow will be a good confirmation day for higher ground.

Options are very expensive on this stock, so you have to have a strong tolerance to loss, because this stock has a lot of volatility premium packed into the longer term option prices; however, if you are able to sit and watch the charts intra-day, then you can get great trading opportunities like this one:

Here are the charts for today, and as you can see, GOOG is looking ready to make new all time highs, so we need to be ready to jump in tomorrow on any dip that either holds the open or bounces above a retracement that is at least 55% or more of today's move.

On a side note, I remember the last time GOOG was making it's first all time high, the owners of the company were riding high on success and exuberance, so they bought a 767 Jumbo jet! It was widely reported they remodeled it into a mile high party plane rather than a genuine corporate business tool. After they bought that plane, the company was added to the S&P 500 a year later; and then then the real control over the stocks price started.

You know the big boy's in the market flexed their bazillions of dollars and basically b-slapped Google back to the runway when they hit their all time high of $747.24—hmmm was it a coincidence...you decide ;-)

Profits Up!

The donFranko