08Jan10:32 amEST

Locking in Part of the Google Short; Chess Moves

125 With GOOG red while the market is surging higher, again, I am electing to cover part of my GOOG short here at $497.50 to lock in partial gains. I entered the short up at $524.41 for my core position, and added to it at $516.46 (see this post). I moved my stop-loss down to my core entry for the rest of my position. Google now looks to be short-term oversold, hitting its lower daily chart Bollinger Band, while the market pushes higher yet. So, I am going to take my gains on the short side while I have them. Into weak bounces, I would consider adding back to the short. GOOG  

Stock Market Recap 01/07/15 ... Gearing Up for Another Attac...

 
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