Is GS a good short at these levels ?

Discussion in 'Stocks' started by fogut, Dec 7, 2008.

  1. fogut



    Does anyone think GS is a good short at these levels for the short term ? On the contrary, does anyone think it is a good long term buy ? Personally, I feel that there is too much uncertainly associated with this company and would not feel comfortable buying it other than for day trade.

  2. Maybe yes and maybe no. Seeking forum opinions on this are not going to provide much of a direction.
  3. S2007S


    If you want to short GS or think more problems are ahead for GS or other financials go with SKF.
  4. I do think that SKF is a great buy around 100. At the same time you might buy DIG which is a proxy for energy stocks. There is a high probability that oil has bottomed according to the volume on friday. So energy sector should outperform financials near term (say 3-6 weeks)
  5. fogut


    How far do you think oil will go ? It is still in a confirmed downtrend. Will financials continue rallying meanwhile ?