We made a call earlier this week for a short on Google. Since then the price has increase from our short price of $604. However, with today's action the charts again appear to be breaking down and the stock is now back near our short price of $604. If we had not shorted on Monday, we would certainly short now as the stock is not materially lower than it was on Monday, yet the charts look substantially worse. As we stated on Monday, we would likely take a long position in GOOG with a close above $625.
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