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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timwest
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So far, TGT is up over 2% and GOOG is up less, giving this trade a slight profit so far. This is only 0.5% profit over 10 days, which is roughly 1/25th of a trading year or 12.5% annualized type of return. Not bad for taking less than normal "market risk". The average closing price for 5 days after the recommendation (suggested entry technique) will follow.