Quote from retaildaytrader:
Some of you guys are in obvious denial. Usually when a stock starts dropping there is that initial denial of what is really going on.
If the public opinion was not so important, then why did Lloyd get on all the talkshows? Why did he waste his time trying to sell us on the fact that Goldman didnt do anything wrong? Why do we need to be sold on this?
Here is the cold hard facts. GS has not gone anywhere since June of last year. Its churning and running in place. It has failed to get over its last high. In fact, on the approach to the last high price failed big time. If none of this really mattered then why was there this wild high volume selloff?
No one is questioning how good Goldman is at what they do...in this thread the question is at what price should GS be trading at. I see GS as a broken stock and it will probably be a year or so before all of the issues are resolved.
So congrats Goldman employees for your achievement, however, the present stockholders will roast. Thats just how it is folks...thats just how it is...
