Monday, November 12, 2007

Alert

OK looks like they will try to hold it up here. the stochastic are turning back up at just above 20, and the trend line off the double bottom on Thur and Fri a.m. seems to be intact so here we go,

Buy 1 GS Nov 200 call GPYKD @ 4.9

GS is definitely in a downtrend in the longer term, this is just a short covering if it lasts.
So only one contract. I will post another alert with either a stop or may just short some shares with the call as a hedge.

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