Update 4/20 8:52am
I would like to address the following email I received last night about my previous GOOG position
why would you sell it before close and buy it later at a higher price. I think that is just plain crappy trading move...The GOOG position that I closed yesterday at $475.25 was a positional trade that I initiated on 4/3 at $465.96
Closing the position before the earning announcement is called RISK management. I did not want to carry the risk of a possible drop in price just in case the street did not like the numbers. I can always get it back possibly at a higher price but at a more manageable risk.