Trade Own

High volitility and low volume have created a very nice trading atmosphere as of late. By myself this has been observed most in the tech sector. With bidu on its highs and goog severely wounded, this past few days of consolidation may be signaling for a more directional move in price. While I am long term bullish on both stocks I believe that bidu will lead the race higher to 600 and goog will follow but not before testing for support around the 500 region. In the short term I think there may be a good opertunity for a good pairs trade of bidu calls and goog puts.