7 replies to this topic

[kaiser soze]

..on break of the 175 level. GS's bounce has been very weak in the last week. Low volume..I know but thats probably what everybody is thinking.

[kaiser soze]

Update: GS just broke 174.

[kaiser soze]

Bought another small position this time in Blackstone (BX) puts. I definitely dont like my entry here, getting in when the stock is already down 3.5 % on the day. But then with the exception of the homebuilders, the brokers and private equity look like THE weakest groups out there.

[kaiser soze]

GS broke 173. so far so good.

[kaiser soze]

Closed all GS and BX puts because A 90% downside day is often a sign of near term climactic selling. GS puts netted a nice gain. Breakeven on BX puts. I will reload the puts per market conditions. Absolutely no doubt that brokers are very very weak. GS : -4 % and odd LEH : -6% BSC : -3.4% MS:-4.6% XBD : -3.4%

[humble1]

you are one of those people to whom i listen carefully; thanks for sharing that. good luck with your trade, sir.

[kaiser soze]

Thanks for the kind words. Good luck with your trading as well.

[kaiser soze]

GS now trading at 168.29 down 1.5% already. Does this stock have any bids or what ? As usual I closed my puts too early. The climactic selling yesterday left the room open for a nasty gap up today,which happened-but guess what financials stil keep going down !