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
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
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