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August 16th, 2007 at 5:00 am
Good luck Phil!
ramana – is this the first time that nothing is green?!?! lol must be panic –
DOW – We dropped 800, popped 400 and then dropped another 800 (ok, almost 800)…those calls could serve you well if the pattern continues Phil (and may offer those not hedged a better chance to do so)….
Speaking of stocks that held up well all the way to the end before finally getting hit….Google – down 2% today.
OXPS Phil – couldn’t agree more about forward guidance…I am in the camp that believes we have more and more sophisticated option traders thanks to sites like PSW, Najarian on Fast Money etc. While sentiment can take the stock down further I’ll be looking to scale in at lower prices should we get down there….just too compelling across the board for me.
ps Phil – whatever you’re doing over there, keep doing it….that exchange rate is looking better every day for my Euro trip! $1.34 now!! Was $1.38 just a few weeks ago it seems.
MySpace: CEO Ruppert Murdoch indicated that in recent days the website reached an all-time high of 4.3 billion page views … in one day! [http://www.fool.com/investing/general/2007/08/15/fool-on-call-myspace-ramps-up.aspx Google-News Corp. advertising partnership should really start ramping up in 2008, with an estimated 50% of the growth increase projected to come from Google’s impact alone.]