Goldman Sachs seemingly rallies @ 2pm all July

Discussion in 'Stocks' started by monty21, Jul 8, 2008.

  1. I've been tracking Goldman Sachs very closly and thought it might be worthy to point this out...

    Since the start of July, GS has began a bullish rally at around 2pm during most of the days. Sometimes the uptrend begins as early as 12:30pm and sometimes as late as 3pm, but it generally appears to shoot up during that time. You can get a nice gain if you ride it up at this time. I know some of you might be skeptical because today and yesterday it rallied maybe just because of the S&P futures rally, but I think its a relevant observation nevertheless.

    I would also recommend closing your position by around 3:45pm because it moves like crazy. I assume traders/investors take there profits around this time, so it begins to fall very slightly. I tried shorting it at this time, but have had mixed results. The volatility at this point is not worth the risk, especially with such an expensive stock.
  2. Div_Arb


    It's called the Paulson Protection Team, or PPT for short.
  3. ^ That made me laugh :D