GOOG I-Watch

11/29/2005

Nov 29 - Takin' out the stops

There are two sure things coming from Santa this season, 1) mega bonuses for the Street and 2) profit taking on the year's winners. So it's a bit early for GOOG but nevermind that because the gifts aren't intended for the little guy. The media provides a smoke screen for the sudden sell off with some convenient and random excuses, no matter how stupid. They lazily blame GOOG's drop on disappointing holidays sales forcasts. And when AAPL and AMZN start to slide it'll be the $500 gold or the blizzard in the midwest.

Sh scalped SCMR 4.25-4.15. Picked up some GOOG Dec puts, expecting more panic selling before the bounce.

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