I shorted Google (GOOG) in after hours at 2070 yesterday. It’s a large position that almost offsets the long position in Oracle (ORCL). I realized my ORCL position was large enough that if the market decided to gap down large, I could be out a lot more than just 1% of my account.
Google had great earnings and the stock reacted positively. However, I think it’s more likely we have a pullback first than to continue going up.
Entry short: 2070, Stop Loss: 2140, Profit Exit: 1930 (or when I’m out of ORCL).
GOOG daily chart below:
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