Big Day for Bulls?
- Posted by Howard
- on September 4th, 2007
Yes!
Until it isn’t.
I am watching Goldman Sachs right now. I bolted at $178 per market on the rate cut announcement. The stock now closed a few weeks later above the $178 at $180. It could preannounce and open at $150 tomorrow, but are we not expecting that? Is that not facored in?
I think so and as long as Goldman trades above the $178 I am feeling good from a trading perspective.
Long-term, we are all soil food. This was a big win for the bulls today.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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