Technically speaking GS can go down to $100 easily. Dan Zanger is price pattern trader mostly and any technician can see what he is doing. Too much resistence at $150 makes it tough to be long on this stock. Short side is more lucrative.
i dont beleive any of these mofo last time i head (forgot his name ) bought 11 million worth stock in LEH i went and bought to WTF happened it failed Citi CEO bought shares in CITI wtf happened C is at $2.70 i think GS will give a blow out earning due to less competition. IT paid off the tarp but u never know
I think GS is priced to perfection at these levels, of course in these markets they could send GS up to $200+ without a problem, however as deep as this crisis is GS is extremely lucky to have a market cap worth about $70B.
i thought zanger was a pretty good trader. didnt he turn 11,000 into 18 million in 18 months or something? i don't follow stocks but goldman does give us a lot of insight into the bond, treasury markets. i wouldnt trade against them. however i would take what zanger sais and do some research on it.
I am not trying to start a fight or be an A-hole... but I think the first abc was A that topped at just over +/- 100 in early Feb 2009. that would be a 50-point A-leg; then the PB to 75-ish so that projects to appx 1:1.382 C-leg extension to the last top...