Thanks for the heads up. I don't have enough cash left in my account to buy enough common stock outright, so I just shorted a bunch of at the money put contracts. Risk free $$$.
The two of you can start a Goldman Sachs ETF with an initial share price of $10. You could do the same with other "expensive" stocks, i.e. BRKA, BRKB, AAPL, GOOG et al. You'll become multi-billionaires!
I never understand that... I mean just buy a few shares if that's all you can afford.... And if you have less than $1000 then you shouldn't really be buying stocks anyway since the transaction costs and hassle of complicating your taxes aren't really worth it...
Your EFT is down today .... $9.70 (slight premium to book!) http://www.profitquotes.com/commodities-quotes.mpl?a=detailed&ticker=gs
Thanx for counseling nazzdack ! The other day you mentioned foreign investors buying foreign stuff at market tops and sell out at bottoms, I bought some bond futures at the long end of the curve. Therefore I reallocated some profits out of Treasuries into stocks - bargain hunting if you want it call this way ! I undertook some single-stock valuation and what it says about GS is : 30-yr Treas. Yield = 4.69 % Last 4 Qtr EPS : 24.26 Next 4 Qtr EPS : 22.65 Average EPS Surprise : 82.45 % Sharpe Ratio 0.94 Model price : $227.28 Optimistic model price : $225.13 Conservative model price : $223.05 Optimal buy / Sell Levels : Buy if lower than $ 219.60 Sell if higher than $ 244.25 As such I decided to buy GS at 220.72. (and as I promised - I to stick to my "trademark" ( you now what I am refering to )