I said that about 15 points ago. Best to keep a tight stop, fun stock to trade though, good volatility.
Just as a matter of information => GS $ 187.46 Goldman Sachs Group Inc. The -1.54 Shares Short 9,203,800 Days To Cover (Short Ratio) 1.2 Short % of Float 2.56 % Short % Increase/Decrease 8.59 % Squeeze Ranking⢠1 Price % Change (52-wk) 25.00 % % from 52-Week HIGH ( 233.97 ) -24.81 % % from 200 DAY MA ( 215.13 ) -14.76 % % from 50 Day MA ( 215.53 ) -14.97 % % from 52-Week LOW ( 108.20 ) 42.28 % Shares Short -Prior Mo 8,475,900 Todays Trading Volume 13,077,499 Avg. Daily Volume 7,412,400 Volume vs. Avg 176.43 % Market Cap 76,044,105,983 Outstanding Shares 405,655,105 Float 359,370,000 % Held by Insiders 2.38 % % Held by Institutions 68.60 % EPS 21.43 PE Ratio 8.80 Sector: Financial Industry: Investment Brokerage - National SI Record Date 2007-Jul Exchange NY
buying financial stocks on dips can a sure fire way to go broke if more problems from the credit crunch comes.
Looks like I was a little early but still holding. I smell a market rally this afternoon but if we are still trading around here by the last hour I'm out.