Well the markets did not perform as well as we excepted. 3mo chart is hold up well. We were stopped out of GS today for +30 dimes. Still holding a short position in GS and looking to protect the upside on Monday. GS is up 75% since the drop and is coming into res levels of $149; would like to see a close above $150; it should be good from there. Earnings are coming out for GS around June 15 - 22, 2009; sometime between those dates. Chatter from the Analyst are that GS will beat the numbers and look for a pt of $160 nt. Need to cover all angles of this trade. As in all markets, take profits and not be greedy.
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Friday, June 5, 2009
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