Tuesday, October 21, 2008

Going Long Goldman Sachs

Yesterday GS broke above $120, and while the Point and Figure chart is not with us, we are going to dip our toe in the water for a short term long trade. The stock can make its way back toward the $135 mark, and may have enough strength to get to the upper $140s.

If it opens down today that would be a gift as the target entry would be better around $120.

Purchasing 50 shares for a short term trade.

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