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)

9 comments:

Nate Stephens said...

could you explain what the GS is?

JoeGoog23 said...

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.

Latviski said...

Goldman Sachs.

They are asshats.

JoeGoog23 said...

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

JoeGoog23 said...

Hey Lat, when we shorting GM???

Latviski said...

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!

Latviski said...

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!

JoeGoog23 said...

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

Anonymous said...

buying puts and leaps.