Shorting Google

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Google is a chart that I almost never touch on either the long or the short side. However, the risk/reward is compelling enough at this point that I have entered a largish (for an individual equity position) short position on GOOG.

We are more than ten days past the huge gap up, which in 2008 was an ideal time to short the stock. My stop on this is, not surprisingly, just above that horizontal line you see, which is just a couple of percentage points away.