Edited by beta, 09 August 2007 - 02:18 PM.
Long GS 182
#1
Posted 09 August 2007 - 02:17 PM
#2
Posted 09 August 2007 - 02:39 PM
#3
Posted 09 August 2007 - 03:55 PM
#4
Posted 09 August 2007 - 04:05 PM
#5
Posted 09 August 2007 - 04:16 PM
Beta, this time we part ways on GS.
I reloaded on Aug GS puts this morning (The 170s and 180s) and am comfortably up already. No plans of selling them yet.
One of GS's largest businesses is trading. I bet they aren't doing that bad with these volumes and volatility.
Fundamentaly its one of the strongest brokers in this kind of market and they will post " better then expected" numbers easily.
Considering how little is expected of them now.
#6
Posted 09 August 2007 - 04:25 PM
Edited by kaiser soze, 09 August 2007 - 04:27 PM.
#7
Posted 09 August 2007 - 04:58 PM
Edited by beta, 09 August 2007 - 05:01 PM.
#8
Posted 09 August 2007 - 10:27 PM
Good thoughts, team -- my GS long is based solely on technicals, not fundamentals here (which could very well be deteriorating).
Darnelds, I also think GS trades down to 140-150 range by Sept, but looking for a short-term counterswing to wipe out recent shorts before the next rout begins.
Anyways, your caution is well-warranted and dont want to risk a gap down. Closed out my long and switched to GS 190 calls.
Target remains 195+
Also still holding LEH Sept 60 puts (bot yesterday), as hedge.