I had the same "thought", but then recalling Whitney´s recommendation and Merrill´s I bought some more shares this morning...
The funny part about the Elliott wave international website is that they post a chart, the market goes against it and then they post a new chart. The "wave" theory is just like Jack Hershey's theories. They look good when drawn out on paper, but they are only charts of wishful thinking and not what is actual reality. If you have a long-term mindset, then you will probably make your money back in about 15 years on those shares you purchased this morning.
Its not too late spectators to get in on the short. Are you truly going to be a sucker and believe Meredith Witney who created an ideal exit for her clients long GS (or an excellent short)? One thing I have learned from this game is that analysts are crooks. Its funny to see the suckers on this board buy into their game... In a few weeks, all you suckers who bought into it will be smacking yourselves in the face. Finally at the bottom you will be capitulating your shares and I will be buying them to cover my shorts
INTC killed. shorts torn a new one How can anyone stand Barferomo's voice for more than 15 seconds and not turn to stone?
I say you're a paper trading fraud. You joined in June. I say you disappear in August at the latest. Better break open the piggy bank for the GS margin calls tommorrow
Oh, you must be one of those clowns using the Interactive Brokers platform where you set your stop with the drop down and leave it. Thats not how I do it. My stops are manual where I have to trip them. I dont have a day-gig like yourself where you have to spend time in between IB and the gig. I just sit here all day looking at the screen and adjusting my trade. I told you my strategy. I would cover above my stop price and then go short at a higher price. At 150, I saw no need to cover as the trade is in my direction. I would keep you updated in real time, but you will have to pay a subscription fee. I know you dont have the money for that though. Good luck...
Quote from Jumpshot: Shorted at 149.7 when I saw the pivot and have a stop at 149.9. Last time I looked 150 was > 149.90 Not to mention 151 high today > 149.90. So there's something not right here.
Total debt underwriting revenues for GS were $336m(less than $1 per share pre-tax pre-expenses, after that it might be something 25c a share), Whitney is speculating this will put the mother of all growth trends. I'm not quite sure she is correct
152.5 is as high as I will go. SPY is brushing up against its channel. My expectation is for a rebound off the top and then to the bottom...otherwise that just might be a bull flag. Lets see how high she will go today. We are right at a nice healthy 50% retracement from the all-time top. If she will go down then the time is now for it. No better time...