BIDU and GOOG heading down

Alright, so I took a chance and in the last couple minutes of the trading day I gambled nearly all of my money that hasn’t been lost on CMG and JCP already.

Here’s the deal.  I bought a single put in BIDU and GOOG.  My guess is that GOOG will do bad and BIDU will follow it down.  Like brothers or sisters, when one gets hurt the other feels it.

Buy:
GOOG Mar08 $500 put (GOPOO), 1 @ $15.00
   stock price when entered $560.60

BIDU Mar08 $230 put (BDUOF), 1 @ $13.00
   stock price when entered $280.56

Sure, these might take away all of my leftover money, but it might help replace some of the future pain I’ll have when I sell CMG and JCP for a loss tomorrow or next week.

Anyway have any guesses on the direction for GOOG earnings?  I predict a drop.  I’m cool like that.