Thursday, March 11, 2010 
But if after a long steady rise a stock turns and gradually begins to go down, with only occasionally small rallies, it is obvious that the line of least resistance has changed from upward to downward. Such being the case why should anyone ask for explanations? There are probably very good reasons why it should go down…
-Jesse Livermore
In the May 12th edition of Trade Art, I featured Google (GOOG). Google is set to announce earnings Thursday July 16th. The path of least resistance in Google is down. For that reason, and the fact that smart money (John Doerr) just took a few dollars ($30 million) off the table , I own downside insurance (puts).
More on this topic
(What's this?)
Apple Goes “Island-Hopping” in its War Against Google
(Money Morning, 3/4/10)
The Number One Reason Why Google Failed In China… And It’s A Big One
(Investment U, 1/28/10)
Google Inc (GOOG): ‘Don’t Be Evil’ Mantra and Google Tablet
(Short-Term Trading, 2/3/10)
It’s worth a shot
Comment by gauchokid — July 9, 2009 @ 11:53 am
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