Golman Sachs making new lows ahead of Earnings

Discussion in 'Trading' started by circadian, Sep 15, 2008.

  1. Looks like the darling of wall st. is underwater. The question is: "Is this a classic setup, where Goldman rebounds 40pts tomorrow, on earnings?", or "Is this the beginning of a big backslide that will see GS into the sub 100's?" This setup is eerily similar to the mid March earnings explosion by GS. On the other hand, I don't think this market is in any mood to reward anything other than excellence, in regards to earnings. Step right up, place your bets!