Goldman sachs

Goldman Sachs (GS)- A Potentially Profitable Opportunity

By | Backspread, Option Trading, Trade Ideas | No Comments

Goldman Sachs (GS) is down $40 since April 16th; How much more it has to lose? Anybody’s guess is probably better than mine. Regardless of whatever I think, I guess they are too big, powerful and connected to go under. With that bullish bias, here is a trade idea that potentially can deliver excellent results on upside. But wait a min, what if I am wrong? It can still make some gains on downside as long as GS is either above $159.4 or below $130.6 by June expiration. Pls don’t read any further if you think GS will remain in…

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Harley Davidson (HOG), Run Away or Ride

By | Earnings, Option Trading, Trade Ideas | One Comment

Harley Davidson (HOG) will be announcing results prior to market open tomorrow. The expectation is to deliver $0.52/share. While it can always turn tables around to beat earnings (via price increase etc), I would like to play bearish on this. Fine, I agree that it has a very loyalist customer base, the expectations are already low and all that. But consumer spending going downhill, big ticket items on hold and “needs” taking over “wants”, I don’t expect Harley to announce wonderful results. I don’t have enough information to make comments on how the financial arm doing but my gut says…

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Bullish Monday

By | Daily Report, US Market | One Comment

So we had a good rally, and two 90% up days along the way. An excellent week for Bulls. There are two schools of thoughts. One, it may feel like,oops..I missed the rally. Probably “that” was the bottom and since I don’t want to miss the “value”, I better get on-board quickly. While other thought is, Nah, this is one of those bear market rallies, it was due to short covering and it is bound to fall back. Which side are you? What to do? For me personally, I took advantage of rally and closed most of the bullish positions…

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Johnson Controls (JCI) and Goldman Sachs (GS)

By | General, US Market | No Comments

Johnson Controls (JCI) said it is withdrawing its 2009 financial guidance due to “the rapid decline in global automotive production and uncertain industry conditions.” It paints pretty bad picture for the automotive industry for both US and Europe.  Johnson Controls issued financial guidance on Oct. 14 that was based on 2009 assumptions of 12.3 million vehicles in North America and 21.2 million in Europe. The company’s latest production estimates for 2009 are 9.3 million units in North America and 16.2 million units in Europe. For those, who don’t know, Johnson Controls, Inc. provides automotive interiors, products and services that optimize…

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Where Are We Heading Now?

By | Market Psychology, Technical Analysis, US Market, Worldwide Markets | 6 Comments

Tough Markets, the worst June for Dow since the great depression of early 30s. The Dow is down nearly 9.5%, S&P500 nearly 8%, RUT nearly 5.5% and Nasdaq nearly 7.5% for the month of June so far and we still have one more trading day left. Dow Jones industrial average is down nearly 20% since it’s all time of 14,198 in Mid Oct’07. Clearly we are, at least, in the short term bear markets. Goldman Sachs said “Conviction Sell” for Citibank. The most brilliant bankers on the street are saying this “now” when Citibank has already lost 2/3 of its…

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