Re: Google
ehsan bhai,
i would never dare to venture into shorting as a hedging strategy, let alone shorting Google. GOOG is now 395, up 4.6 points roughly. The indices which carry Google are all up, so it could just be a market phenomenon. When is S&P 500 going to add google?
PEG ratio of 1.98 and forward PE (06 EPS) of 47x. I have been burned once in the market meltdown of 2000, not again. The fundamentals simply dont supprt these stock prices.
Some calls with strike prices of 570 are out.