timwest

TGT versus GOOG

BATS:GOOG   ALPHABET INC
366 1 0
Target & Google            

These two stocks have mirrored each other for 7 years so far with just a few instances where GOOG             outperformed and then corrected sharply back down to TGT             .

This time, I'll imagine that TGT             can ramp up to catch UP to GOOG             .

Therefore, buy TGT             and sell short GOOG             each day for the next 5 days. Build the position slowly as GOOG             has strong price momentum .

Cheers.

Tim Feb 1, 2013 2:50PM EST
TGT             61.20 +0.79
GOOG             772.26 +16.57
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timwest PRO
3 years ago
So far, TGT is up over 2% and GOOG is up less, giving this trade a slight profit so far. This is only 0.5% profit over 10 days, which is roughly 1/25th of a trading year or 12.5% annualized type of return. Not bad for taking less than normal "market risk". The average closing price for 5 days after the recommendation (suggested entry technique) will follow.
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