What a rally we get in Google. Now the stock is at new all time highs just like the market. Now where will we see a pullback in this stock? That's the hard part to pick up a shorting position at new highs!
I am looking for the $900 level to pickup a short position in the stock. On a play like this you want to keep a 25 dollar stop. Now let's see if Google can reach the magical $900 the coming days!
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in GOOG over the next 72 hours.