GOOG GOOD?

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02162016

by Bill Baker, J.D.
Editor and Publisher SINL

I have been reducing my put hedges and am positioned for rebound opportunities. Over the long weekend, I wrote a new story about Alphabet:

New SINL story titled, "Alphabet Soup" about #Alphabet #Google #earnings and #option investment strategies http://www.sinl.com/sinl-blog/2016/2/13/alphabetsoup

When the equity markets recover we could see GOOG and GOOGL finally reach the $1,000 per share price point that many traders see in GOOG's / GOOGL's future. Hitting the $1,000 per share price point would represent a 317.60 point move for GOOG which closed at 682.40 on 02122016 and a 293.11 point move for GOOGL which closed at 706.89 on 02122016.

Recent internet sector stock price declines have resulted in GOOG retreating from its 02022016 post earnings high of 789.87 and GOOGL retreating from its 02022016 post earnings high of 810.30. Based upon these numbers, I think that there is at least 100 points of upside for GOOG and GOOGL in any serious rally that we may see during the next two months.