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StockFetcher Forums · General Discussion · Earnings Play: Goldman Sachs 7-20-10<< 1 2 >>Post Follow-up
wkloss
230 posts
msg #94823
Ignore wkloss
7/16/2010 12:00:09 AM

Karenma & JP,

I'm in an options mentoring program with a former CBOE market maker. My purpose in mentioning that is not to promote him but to establish that he has earned the right to speak on this topic..

He frequently said when the GS people descended from upstairs, they were the smartest people in the room and knew something everyone else didn't. My point is that trading GS is a crap shoot. You never know what they are up to. They would buy/sell thousands of contracts at a time. Short term, you are playing with fire. Although I haven't gone long on GS, I think it might be a smarter move than short term or intermediate term trading.

I wonder if some of their former employees know enough about how they operate to make a nice profit day trading (legally) off folks like us.

Just an FYI and as always, I accept I could be wrong.

Bill





johnpaulca
11,322 posts
msg #94824
Ignore johnpaulca
7/16/2010 12:19:57 AM

Thanks for the heads up Bill. I mostly scalp GS, it's a good stock for day traders.

karennma
6,832 posts
msg #94827
Ignore karennma
7/16/2010 9:19:00 AM

Bill,
Yeah, they're all real smart guys .... just doing "God's work".



karennma
6,832 posts
msg #94828
Ignore karennma
7/16/2010 9:37:52 AM

Aug $140 puts @ $2.65



johnpaulca
11,322 posts
msg #94829
Ignore johnpaulca
7/16/2010 9:40:58 AM

Just got out at $151.18

karennma
6,832 posts
msg #94926
Ignore karennma
7/20/2010 9:46:33 AM

Out - Aug 140 puts @ $3.75.

karennma
6,832 posts
msg #94927
Ignore karennma
7/20/2010 9:59:21 AM

That dang put went to $4.70.
I WISH I'd sold it there.
:>(


StockFetcher Forums · General Discussion · Earnings Play: Goldman Sachs 7-20-10<< 1 2 >>Post Follow-up

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