Much like the JPM trade that I put on yesterday in front of this mornings earnings, GS holds a special place in many investors hearts’ as a lean towards “best of breed” in the financial …
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2nd UPDATE Oct 4, 2011: With the stock at 12.30 I am adding back the half of the position that I took off last week. I want to look to make what I think is …
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Update 9;50am: I paid 1.30 for this Call Fly when stock was below 113. Over the past month as the stocks of most large U.S. money center bank and brokerage stocks got creamed, some managements stuck to …
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As I write at 9:15am, it is feeling a bit like yesterday morning with an opening gap and what feels like and impending failure. The S&P futures are barely holding onto gains and are 1.5% …
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The SPX closed on its dead ass high and barely had a down tick all day….this is obviously positive action in the face of crude oil’s impressive performance bouncing off important support at $90 and …
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The market is obviously having a hard time holding on to any gains that come on the openings. This comes at a time where headlines out of Europe about their in/ability to deliver on a …
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Wall Street has it’s share of over used, generally nonsensical terms that add little to no value to individual investors. One that I hate is best of breed. You hear it on the teevee a …
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GS is down 4.5% this morning partially due to a downgrade to SELL by influential bank analyst Dick Bove from not so influential Rochdale Securities. I have been leaning on the short GS trade for …
Continue readingLast week on May 2nd I gave my quick take on GS at current levels (read here). Stock continues to act very poorly in a down market like last week, but on a day like …
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As most readers of the his space know I was particularly skeptical of bank stocks heading into earnings season. While most names posted decent results for Q1, the stocks acted, and continue to act horribly, …
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