Re: Google how high

Originally Posted by
GUCHI

would anyone care to give some info. on google and what it MIGHT do. i'm holding some that i picked up at $ 376, planned on long term, but thought i might sell on the high and buy back on ther low. i'm afraid that if i get out i won't be able to get back in at a lower price.

Google May Rise to $714, Introduce Phone
Options traders increased their bets that Google shares will reach $639 by the end of next week.
The price of the most-active contracts on Google shares, October $620 calls, rose 50 percent to $19. The stock price would need to exceed the combined price of the contract and the strike price before this month's options contracts expire on Oct. 19 in order for those wagers to pay off.
Bullish bets outnumbered bearish ones by more than 2-to-1. Calls give the right to buy a security for a certain amount, called the strike price, by a given date. Puts convey the right to sell.
Google is scheduled to report third-quarter earnings on Oct. 18. Analysts expect the company to report profit before some items of $3.73 a share, the average of 25 estimates compiled by Bloomberg.
I don't have a clue what that last paragraph means? Is it just me, or it that an incomplete sentence?
http://www.bloomberg.com/apps/news?pid=20601087&sid=apq4BJXhU0_0&refer=home
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