Posts tagged “google earnings

interesting times and paranoid economicist! – google earnings

I think Google (GOOG) earnings say a lot about our current economic “crisis” which isn’t much a crisis at all but politicians trying to force Americans into thinking paranoid about their well being to get more control behind the government. That stated Google did fine this quarter. It is up +10% after earning of a profitable quarter. The CEO is smart. They are going to conserve more and take away a lot of the goodies the dish out to employees to save money during the slow cycle we are currently in. America goes through up’s and down’s. Some longer then others. I’m clearly not worried. I’m sure our government will print more money lower interest rates and slowly the cycle will get better and Americans will “regain the confidence level in buying” and maybe just maybe (and when) Obama becomes President if his goal is #1 energy he will spend spend spend on light rail systems, creating denser more populated cities, and have more energy efficent cars like hydrogren and bring back nuclear power plants to power America more efficiently. GOOG has proved internet stocks (tech in general) is still alive and kicking. America is still alive. Yes, home prices are down inflation WILL keep creeping up but you might as well get use to it, I have. Paranoia creates paranoia and negativity IS addicting. So although no one is optimistic I will keep my stance on being very optimistic.

Now I do admit the DJIA and NAS are in downtrend cycles and even with a big +976pt day (supposedly the best day every for wall street) the market will continue to fall after the short brief bump up. It’s okay. Our markets have gained a lot so we have a lot of room to lose then make back up. People keep asking me with a downtrending market what should I buy? I say nothing. I say wait until the President is elected. Then consider buying energy if Obama wins and technology if McCain wins. I actually tell everyone EVERYONE to buy real estate right now instead of stocks.

Sold out of AAPL Calls + 100%, still in QQQQ Calls.

Finally got sold out of AAPL Calls on 4/18/2008 12:16:26 PM @ $161.33 … If Google’s earnings were opposite (negative) then likely AAPL would have fell just as much. With tech being so positive stocks that have been pounded it seems after a really positive earnings have springed back up to their highs meaning AAPL is predicted to have a slamming good report which could pop the stock past 180’s if it goes up 10% such as Google. Made $3000 in 18 days, but could of earnings $2700 in less that 8 days if I would have sold out earlier if of course I was just watching the market without having to be at work.

Symbol: .APVEI
Description: AAPL MAY 145 Call
Stock: AAPL at 161.68
Action: Sold To Close
Quantity: 3 contract(s)
Price: $20.00
Commission: $14.95
Reg Fees: $.04
Net Amt: $5,985.01
Original investment: $3,000
Profit: $2,985.01 or 95% (100% without fees)

Now my plan is (as for the entire year) before I make any really bad irrational decisions with my profits is to withdraw the +$3000 made + $2000 of the initial $3000 I used to trade with and put it back into my bank account to be used towards buying another property/save for future use. So that’s a total of $5000 being withdrawn and $1000 being left over to trade again (likely to use to go through on AAPL earnings).