Tuesday, September 16, 2008

GS

Not good on that front ($1.71 estimate was reduced like 10 times so $1.81 is NOT GOOD)

Fed injections might be a hint that we're not getting a cut???? (Although they were needed)
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9 comments:

  1. Nate StephensSeptember 16, 2008 at 8:26 AM

    could you explain what the GS is?

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  2. JoeGoog23September 16, 2008 at 8:30 AM

    Goldman Sachs (One of the 2 Major Investment banks left) and the strongest. It was still a profit which is good but $1.81/share vs $6.13 last year.

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  3. LatviskiSeptember 16, 2008 at 8:30 AM

    Goldman Sachs.

    They are asshats.

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  4. JoeGoog23September 16, 2008 at 8:35 AM

    I wanted to short @ $170 but I hate playing individual Financials(think they could get under $100 IMO)

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  5. JoeGoog23September 16, 2008 at 8:36 AM

    Hey Lat, when we shorting GM???

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  6. LatviskiSeptember 16, 2008 at 8:36 AM

    They're just way too 'in' with the Fed and Treas for me to touch them.

    They're not a better firm, they just cheat more!

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  7. LatviskiSeptember 16, 2008 at 8:38 AM

    Haha - oh yeah, GM. I gotta check them out again.

    My concern with them here is that w/ oil dropping so much + the fed MAY give them a 'stimulus' package at some point - they might pop briefly.

    I'm def. gonna throw them up today and keep an eye out - will let you know!

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  8. JoeGoog23September 16, 2008 at 8:51 AM

    Broke $14 a few days back, wish I put it on my watch list!!!!!

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  9. AnonymousSeptember 16, 2008 at 1:20 PM

    buying puts and leaps.

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