Sometimes we don’t know why a chart is doing what it is doing.  All I knew was that (GOOGL) was making a nice chart pattern, so it was noted as an NFTRH+ trade setup.

Having sold the initial run, I bought it back on the drop to a secondary buying area, as noted in NFTRH.  Today we are treated to some hype about Morgan Stanley’s high powered CFO trading her Manhattan view for Mountain View.  Ruth Porat joins the team.

Not to make light of it.  It’s probably a nice move for Google.  But the stock is moving on it and in that regard it is hype.  So I may decide to sell.  Since you don’t pay me to make decisions for you I’ll not publicly make that decision.  NFTRH subscribers who may have taken these trades are profitable and they are grown men and women who can make their own decisions as to what profit is acceptable as well.

The target of 590 remains, but I often sell below targets.  It’s just how I do it.