Thursday, March 6, 2008

GS

I've just been a big fan of theirs for the past couple years Ron. They have had blowout quarters one after another. I think they report in two weeks so next week will be a good time to start to build a position.

How was your day? How much time are you able to dedicate to trading?

If we get a negative job's number again tomorrow, QID & DXD come into play. Along with SKF:)

10 comments:

Peter said...

Of all the money made on paper by the financials in the past years, Goldman had some of the hugest earning. With larger returns normally means more risk was taken. Almost every other major bank had huge losses reported, except them?? Of course I have to evidence to prove this but something fishy might be happening in the books. They are one of the most powerful private institutions in the world, they probably have their a$$es covered but I would definitely bet against them.

SKF will prevail, GS releases earnings on the 18th. I expect bad news.

Peter said...

Asia down huge, Europe markets down too. Bad jobs report. Setting up as we expected Joe.

Ron said...

Good Morning! Joe, I took a good look at those links you posted. Very informative. Thanks.

You don't happen to have one on short interest? I'm thinking you put in a ticker and it tells you how many shorts exist. I don't know if there is such a thing.

coinlieutenant said...

What levels are you jumping into DXD and QID Joe?

swattsup said...

Looks like Dow is about to break below short term support of around 12060.

coinlieutenant said...

Just for everyones info (if anyone cares. ;) here are my entry limits I have in place for today. I am going to play Poppy Hills this a.m. so I wont be around.

GBN: buy 3.42
MFN: buy half at 12.25 half at 12.
PAL: sell at 8.1. (doesnt have a prayer...but you never know)
AUY: buy 18.2
SLW: buy 17.5, sell 18.59
Still trying to figure out a strategy on DXD and QID. :o

Ron said...

BUY SA $24.25
BUY AUY $16.05
SELL DROOY?
SELL PAL?

coinlieutenant said...

gbn hit. Next buy at 3.32$ Do you think AUY will get to 16$ today Ron?

swattsup said...

Markets started recovering like, like, - defies description. DJIA now positive! Jumped out of EGO and probably shouldn't have :-(

Earlier, booked my QID as it had good profits and put it into NG as they were the most beaten down.

Ron said...

Coin Lt, Nah AUY won't hit $16 today, but that's my target. I'm still getting the hang of this hop in, hop out trading. I'm the old school TA. Trying to grasp how you guys figure out when to pull the pin.