How Goldman Won Big On Mortgage Meltdown

This earnings report has me worried. I think i screwed up this trade, I am short gs going into tomorrows numbers. 10,000 shares with a cost aver of 109.55....not feeling it.

They are going to have to beat by .20 or.30 to rally...
If I lose 10 points that will be a wash for today...
 
Quote from nyxtrader:

This earnings report has me worried. I think i screwed up this trade, I am short gs going into tomorrows numbers. 10,000 shares with a cost aver of 109.55....not feeling it.

They are going to have to beat by .20 or.30 to rally...
If I lose 10 points that will be a wash for today...
More...


I hope you're not short 10k with an average cost of 109.55! That would put you down $1 million on the trade so far :)

209.55?
 
Quote from nyxtrader:

This earnings report has me worried. I think i screwed up this trade, I am short gs going into tomorrows numbers. 10,000 shares with a cost aver of 109.55....not feeling it.

They are going to have to beat by .20 or.30 to rally...
If I lose 10 points that will be a wash for today...
More...

They will beat by >$.30
 
I shorted some Apr 135 puts averaging 2.2

GS is good at managing risks, many managers own the stock. The GS stock has to be the biggest risk they need to manage. So let's see how good they are,

Can't imagine the managers pay 11B bonus while share holders lost shirts, if that happens someone has to go, they won't see a single penny again.

So I believe the WSJ article is part of the risk management, clearly GS want its stock goes up.

(If I lost, I am just as good(bad) as GS,
 
I just don't like how this stock is moving this morning. It is trading out of its usual pattern after beating earnings. I did make money on this trade but not a lot for the risk I took.

I still don't like it, it feels weak....I am probably wrong. lol
 
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