Wednesday, November 22, 2006
GOOG December Calls
We jumped in and added further to our Dec510 GOOG calls earlier in the session. We may do the same if there is further low-volume weakness on Friday. (See comments earlier concerning EBITDA valuation). We see no reason not to believe that the breakout won't continue next week when the crowd gets back to business after the long holiday weekend. Technical models that we favor, including MACD, RSI and Chalkin, indicate there is room for further upside. This is also a seasonally positive time of the year for shares of GOOG.