What happened to the Golden Gangster GS? We bought 25 shares of Goldman Sachs at $172.79 and were promptly stopped out at $168.33.
You can see in the 15 minute chart that GS floated down to $168, found support, but then gapped down on Friday when the news from Dubai Default World broke. So what now? Short GS? Not a chance. i still have faith in the Plunger Protection Gang. They will not give up so easily. Lets give them a chance to recover. I dont want to go long GS until it breaks above it's 100 dma. So for now we are out.
You can see in the 15 minute chart that GS floated down to $168, found support, but then gapped down on Friday when the news from Dubai Default World broke. So what now? Short GS? Not a chance. i still have faith in the Plunger Protection Gang. They will not give up so easily. Lets give them a chance to recover. I dont want to go long GS until it breaks above it's 100 dma. So for now we are out.
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