Discussion in 'Stocks' started by ASusilovic, Apr 30, 2010.
Looking mighty cheap at this price.
Anyone here expect Goldman to bounce back considering the hearings are out of the way?
This stock could fall further if Goldman downgrades itself and/or Blankfein commits harakiri.
How about GS upgrade itself?
There's a few knife catching "I'm smarter than those whimpy sellers" types that just got run over.
Where's your edge in playing this one??? You got none. What's the expected return? I'm guessing 10%. The downside? Much more probable and could be extensive depending on what happens during the criminal probe. Look at TM. It's up less than 10% since the lows. But, it could have went down much further. And, I doubt the stock is gonna go anywhere for the year. There are the class action lawsuits, the excessive pay outs, hurt reputation. The risk/reward isn't very favorable here. I would wait till GS tanks huge. If it does run. The returns wouldn't be worth the risk you took.
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