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I know a few were following me on this company so I wanted to tell
you that I sold it today. It's not that I don't like the company's
future but rather I feel it's at a minimum, fairly priced and with a
PE nearing 20, it was time to take what is a 60% profit. I sold my
financial puts a couple of days ago and I am still holding HP ..
mostly cash now while I feel around for short term direction.
I must admit that I was amazed at GOOG's report. I didn't look at
the 500 calls and I don't want to since a huge profit was missed. I
expected them to report a down side surprise if there was any
surprise at all. I hope someone here got it right and took the risk.
Bob
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