BATS:GOOG   Alphabet Inc (Google) Class C
430 views
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
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com

Comments

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.
Reply