Discussion in 'Stocks' started by Mvic, Aug 2, 2007.
The 190 Calls look good.
done and dusted. no chance.
I'd like to see it hit $175 or so before getting back in. It still hasn't bottomed.
I said that about 15 points ago. Best to keep a tight stop, fun stock to trade though, good volatility.
I picked them up for ~4.50 and target is 6-8 which I expect will be hit tomorrow.
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 Rankingâ¢ 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 )
% 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
% Held by Insiders 2.38 %
% Held by Institutions 68.60 %
PE Ratio 8.80
Industry: Investment Brokerage - National
SI Record Date 2007-Jul
Here is GS Fib. Supp. Chart (from 8/1/07)
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.
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