GOOG Down $50!

Lucky Speculators Take Action

By Bryan Bottarelli
Tuesday, February 28, 2006 10:49 AM EST
Tue, 28 Feb 2006 15:49:00 GMT

Dear Bottarelli Research Member,

This news is so new that I’m not even finding it online…

But from what I’m hearing, a top dog over at Google came out moments ago and said that the company’s growth prospects have pretty much capped off.

On that news, Google stock gapped down $50.00. Yup, a $50.00 drop in a matter of seconds. This was the “home-run” scenario that I spoke of when I entered the GOOG June 240 Puts (GOU RH). But unfortunately, the play was stopped in my model portfolio.

I’m sending this alert because I received numerous emails from readers saying that they continued to hold the play for the big down-move I was calling for. If you’re one of those members, today is your lucky day. The June puts are jumping all over the place — and I’ve seem them get as high as $5.10. Depending on your entry price, use today’s extreme weakness to unload your GOOG June 240 Puts (GOU RH) for a profit.

As far as our other positions, they’re mostly weaker today on broad-based market weakness. I’m not too concerned with the momentary counter-move, as the prevailing trends will most likely establish themselves over the near term.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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