All i can say is ouch for the many who shorted gs at $142 friday because that "guaranteed" technincal analysis and dan zanger told them too.This game will humble you quicker than any other.
Dan Zanger shorting Goldman Sachs in a big way...
- Thread starter Jumpshot
- Start date
Here is part of my thesis. Im expecting them to sell off the XLF pretty soon. You can see the natural progression of lower highs and lower lows. Right now we are approaching what I believe another lower high.
Meredith's theory is that GS will decouple from the financials. I dont think so. Its a pair with the financials like any other.
Meredith's theory is that GS will decouple from the financials. I dont think so. Its a pair with the financials like any other.
Is it legal to short their shares
Oh not at all. I told you my trade plan in a previous post. If it overshot my price then I would cover and look to get short at a higher level.
Pssst...this is how a real trader trades...if you listen to the trolls, they will tell you that a trader has to be right 100% of the time. However, if you listen to a real trader, they will tell you that you will be wrong 8-9 times out of 10 (keeping those 8-9 times with small losses...the other 1-2 times you want a big win.) At least thats how I do it in trading and thats how I do it in poker. No idea what you do...thats my plan anyway.
Pssst...this is how a real trader trades...if you listen to the trolls, they will tell you that a trader has to be right 100% of the time. However, if you listen to a real trader, they will tell you that you will be wrong 8-9 times out of 10 (keeping those 8-9 times with small losses...the other 1-2 times you want a big win.) At least thats how I do it in trading and thats how I do it in poker. No idea what you do...thats my plan anyway.
Quote from Ivanovich:
I guess it's time for another username, right "Jumpshot"?
The reason why I posted this thread was to stimulate discussion on a classic play which is a gap up fade trade. Then what is supposed to happen is other traders are supposed to come in with some comentary to help us out in spotting a pivot. Maybe someone throws up some charts.
However, what I got was the same trolls that are on every message board out there lecturing me on my reading of books, throwing out some profane comments and other nonsense that is meaningless. One guy even told me I was a troll. This commentary was probably meant to hurt my feelings and they want me to get wildly out of hand for their entertainment.
This site is worthless for discussion of any trade because all you get is two-bit trolls with meaningless commentary.
However, what I got was the same trolls that are on every message board out there lecturing me on my reading of books, throwing out some profane comments and other nonsense that is meaningless. One guy even told me I was a troll. This commentary was probably meant to hurt my feelings and they want me to get wildly out of hand for their entertainment.
This site is worthless for discussion of any trade because all you get is two-bit trolls with meaningless commentary.