Google...??

Google announced earnings today. Good profits, but there were negative remarks durning the conference call....sent the stock down as much as 20 points in the after market to bring it to about 298. Hmm, I have an 260/270/350/360 Iron condor on that bad boy. So the drop was kinda a relief. We'll just have to see what happens. I'm thinking with a big drop like that, the market is gonna see it as a buying opportunity. It's a great company with positive cash flow, good earnings and it pretty much dominates the industry. And for those of ya who do not know what an Iron condor is, you can "Google" it... hehe...but pretty much it's an advanced option play where if the price closes in between 270 and 350 by the option expiration, I make money and that is a good thing....it's a risky play to put on during earnings season, especially with volatile stocks like google, but what's life without a little risk right....

As far as the forex, i'm staying out of it for a few days to see what's gonna happen with the Yuan reevaluation and how the market is going to play that....that's just a little too risky for me...