GS broke out

Quote from ASusilovic:


That´s my sell signal.
More...

Those who shorted GS this morning (because it had run up so much) were in for a surprise! I regret that I was too conservative and not long it at the opening gap down near 122.80. Bumped up to 129.60 now. No stopping.

This goes to show: shorting a parabolic up-move is a dangerous game. Where it stops... nobody knows... Abracadabra

Just because some stocks have gone too high, even on parabolic move... is not a good reason to short. You might get squeezed.
 
We have had 5 up weeks and they change the rating now.

These cunts are starting to piss me off with their blatant manipulation.


Quote from ASusilovic:

Also Monday, Citigroup Global Markets initiated its coverage of Goldman with a buy rating, stating that Goldman represents strong value in superior execution.

That´s my sell signal.
More...
 
GS Chart Update...

Regards,
Suri

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Quote from Bolimomo:

Those who shorted GS this morning (because it had run up so much) were in for a surprise! I regret that I was too conservative and not long it at the opening gap down near 122.80. Bumped up to 129.60 now. No stopping.

This goes to show: shorting a parabolic up-move is a dangerous game. Where it stops... nobody knows... Abracadabra

Just because some stocks have gone too high, even on parabolic move... is not a good reason to short. You might get squeezed.
More...

Coincidentely, the buy rating "develops" one day before earnings release...I would need some VWAP to unload my institutional positions, or ?
 
Anyone who invests in Goldman long term must realize that the profits made in the last 5 years were in part due to leverage. The same amounts of leverage cannot be used today (or anytime in the near future) as they were used in 2004-2007. Future earnings probably will not reach pre-2007 highs for at least a decade or more.

This little rally in GS shares will at some point turn downward...
 
Quote from Port1385:

Anyone who invests in Goldman long term must realize that the profits made in the last 5 years were in part due to leverage. The same amounts of leverage cannot be used today (or anytime in the near future) as they were used in 2004-2007. Future earnings probably will not reach pre-2007 highs for at least a decade or more.

This little rally in GS shares will at some point turn downward...
More...

Fine and dandy, but do you have enough balls to short GS at this level? I don't
 
As port says GS earnings and great profits over the last few years were only because of Leverage as I said earlier these banks and brokers are worthless without Leverage. GS will be right back at new lows, the end of the credit crisis is far from over. There is absolutely no catalyst strong enough to get the economy and stocks back in bull mode again. This last 25% rally was based on nothing but hope that the economy turns around sometime in the 3rd quarter of 2009.
 
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