Trading updates

Morton: Horton, the kangaroo has sent Vlad!
Horton: Vlad? Vlad, Vlad… I know two Vlads. There’s the bad Vlad… And then there’s bunny Vlad, the one that makes cookies!
Morton: …Yeah, Horton, she’s sending you a bunny with cookies. I think it’s safe to say it’s the bad Vlad.
Horton: Yeah, good call. — Horton Hears a Who

Google laid an egg. She sent the bad Google. Anyway, as you guys know, we are not in Google for a quick trade and we’re not in for this quarter’s earnings report. The fact of the earnings report matter was really strong anyway. The average cost per click was down and that dragged the near-term numbers down, but Android, search and mobile revenues were good. So nothing’s changed in our long-term GOOG target of $2000 by 2020 because of last night or today. Nothing’s changed at all in fact, except the price that the stock is trading at today.

For some perspective, the stock is now still about $100 above where it was back a few months ago when we got aggressive in Google the first time. Now it’s down about $50 from where we bought some more calls recently. I plan to let the stock settle in here a little bit and to start adding to my Google common and some Google calls in coming days and weeks.

Microsoft, on the other hand, is up nicely after a surprisingly strong report, and I’m letting my calls in MSFT ride too.

I’ll post my latest positions in a bit. Other than that, let’s stay focused on the earnings we’ve got coming our way next week.