GS Goldman Sachs

Discussion in 'Commodity Futures' started by RXIS, Dec 20, 2005.

  1. RXIS


    Ok guys I need a little help. I didn't cut my losses with GS a few days ago. I bought in at 128. The price dropped to as low as 124.45 and is now at 125.56. I wasn't expecting the bad news on GS while good news have been announced on other investment banking companies.

    When do you think the price is move up?
    I keep thinking it will hit 130 any day now.
  2. dac8555


    why did you buy? what was you indicator? looks like right around 128 was a support point...which means if it broke that support you should have sold immediately.

    why do you think it will hit 130? where did you set your original stop?
  3. WinDiff


    GS is a joke company, next GM!!! & long term strong sell, at best !!!

    GS = garbage security & systems & sales & sure sell
    GM = garbage motors...

  4. Short. H&S topping formation, ADX MACD bear.
  5. dac8555


    i concur, there is an H^S. i get a bearish signal on the 14th from a fprofitable DMI as well...but the signal was missed..i would just get out of the trade and formulate a strategy for the next entry. Hoping it wil hit 130 is sure to make to broke very quickly..

    good luck.