Quote from stock_trad3r:
GS is one of those stocks you have to hold for longer term. If you daytrade it you will leave lots of money on the table.
When the dow goes to 14000 in a month GS will be at 260 or so. I'm sure you will make much more money just buying now and waiting than going in and out.
Quote from gobar:
y not just wait... financial are in very shape today... before 260 it might go to 200 which would be a good buying opp...
Quote from stock_trad3r:
Um $200 won't come. if you look at the historical chart of GS there are only a very few instances where it corrects 15% or more. The way you make money in stocks is not by waiting, but by being right.
You buy bidu now and when it goes to 450 you were right and you make money. You wait for 350, it never comes, and you sit on the sidelines as it goes higher.