Do You Have Balls? Goldman Sachs Is Breaking Down

Quote from osheag:

7 updays - from $151 to $165 - from its 200 day moving average - GS looks rock solid to me
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One shorts negative situations, such as failed re-tests, broken necklines, or the lowest low over a period of time, rather than breakOUTS. Particularly at no resistance all time high with a gap that's gone unfilled for more than 3 days.

More apt to be a blowoff top than a short.
 

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I started watching this stock a few days ago, it has some great intraday swings.
moves a couple of bucks either way within minutes, you gotta love it.

however I really dont care about long term direction.
 
Quote from eusdaiki:

I started watching this stock a few days ago, it has some great intraday swings.
moves a couple of bucks either way within minutes, you gotta love it.

however I really dont care about long term direction.
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A boatload of buyers still holding ... anyone else think its waiting for the dow to sell off?
 
Hearing from a few contacts within GS that they are massively short stocks and so far on the wrong side of the trade (some signs of relief for them after today). They are also topping last year (with 3 months left) in terms of amount set aside for bonuses, their trading groups will probably carry earnings for them again. Would be careful shorting this stock as the overall market falls, because they will stand to make a killing.
 
Quote from mcurto:

Hearing from a few contacts within GS that they are massively short stocks and so far on the wrong side of the trade (some signs of relief for them after today). They are also topping last year (with 3 months left) in terms of amount set aside for bonuses, their trading groups will probably carry earnings for them again. Would be careful shorting this stock as the overall market falls, because they will stand to make a killing.
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Talk about a contrarian indicator... we got a sure thing here, goes up no matter what??!! :confused: But what happens one morning there's weakness in Lehman or Morgan... how about 3x more likely we'd see a pullback across the board. How many 'investors' went long 170+? :eek:
 
Quote from mcurto:

Hearing from a few contacts within GS that they are massively short stocks and so far on the wrong side of the trade (some signs of relief for them after today). They are also topping last year (with 3 months left) in terms of amount set aside for bonuses, their trading groups will probably carry earnings for them again. Would be careful shorting this stock as the overall market falls, because they will stand to make a killing.
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<i>That</i> is interesting info.
 
Now that I feel like a jackass for starting this thread, is it possible GS has peaked based on TA?

I'm looking for some spiritual solace here.
 
Quote from ByLoSellHi:

Now that I feel like a jackass for starting this thread, is it possible GS has peaked based on TA?

I'm looking for some spiritual solace here.
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lol, trying to call the top?.. I tried that with rimm more than once, so I know how ya feel.
 
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