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Goldman Sachs is getting cheap

Posted on 7/14/08 at 1:16 pm
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 1:16 pm
GS is starting to get pretty cheap, i might pull the trigger and buy a little. if it goes down i will continue to increase my position to get my average down. if it goes up, then that would be great. what do yall think?
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/14/08 at 1:27 pm to
quote:

GS is starting to get pretty cheap


By which metric?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 1:32 pm to
$$
Posted by The Snake
under a dead log
Member since Jan 2007
1687 posts
Posted on 7/14/08 at 1:36 pm to
you two think it's major decline is over?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 1:37 pm to
nope.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/14/08 at 1:39 pm to
I'd be interested to see his analysis of just how it's cheap.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 1:42 pm to
my guess is that it sounds something like, "OMG IT'S DOWN 20%!!1!"
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 7/14/08 at 1:43 pm to
quote:


my guess is that it sounds something like, "OMG IT'S DOWN 20%!!1!"


hhhmmmmm, maybe he will let me borrow his wamu shares for 5% annually.
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 1:53 pm to
well GS seems to be doing better than a lot of the other financials. its $100 off of its 52 week high and is not far from its 52 week low, the 52 week high which is was at during the beginning of this subprime fiasco was $250, i read about 6 months ago where two guys from GS shorted the housing crisis and made a huge profit.

It was around 175 over the past month or so.

It would be a very long term investment. they make a lot of their money from IPO's. When the market becomes more favorable for IPO's, GS will start making some big bucks.

there is also speculation that they will be heavily involved with the SWF's.

I mentioned that i would put a little into GS, like Benjamin Graham said, the stock market going down is a great thing for the long term investor, he said that it creates an opportunity to increase your position for cheaper as long as you are investing for the long run. in fact in his book with additional words from Jason Zweig, he had a mock news cast where he enthusiastically announced that the dow had dropped and that investors should be pumped.

p.s. this is the only financial i have interest in.
This post was edited on 7/14/08 at 1:56 pm
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 7/14/08 at 1:55 pm to
How about this, you give me the amount of money GS is trading for right now. In 6 mos, I give you back the shares in GS. Its a win-win.
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 1:56 pm to
how?
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 1:58 pm to
quote:

How about this, you give me the amount of money GS is trading for right now. In 6 mos, I give you back the shares in GS. Its a win-win.

sounds like a good deal to me. All you have to do is be willing to hold GS for at least 6 months, and you're no worse off, except that you probably get to avoid transaction costs.
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 7/14/08 at 2:00 pm to
there are a multitude of ways to do this. You could buy the shares mail them to me, then I would mail them back.

Or you could just do something through prosper.
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 2:01 pm to
question, is the capital losses write off max still $3000?

Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 7/14/08 at 2:02 pm to
I'm sure Goldman Sachs will know they've hit the big time now that they're listed on the TDSX (Tiger Droppings Stock Exchange).
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 2:04 pm to
quote:

TDSX (Tiger Droppings Stock Exchange).



haha, that just made my day.

nothing like seeing your stock symbol go across the ticker with next to it.
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 2:04 pm to
or

Chicken is like the Bernanke,

the most deregulated market known to capitalism.
This post was edited on 7/14/08 at 2:05 pm
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 2:04 pm to
they're also in the Tigerdroppings dead cinch shorts index.
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2832 posts
Posted on 7/14/08 at 2:06 pm to
the market fluctuates with news of LSU football commitments and wins.

News:"tigerdroppings rises on news that LSU's signing class looks to be promising."


"sell off on the OT board after Chicken investigates insider trading on the babes thread"
This post was edited on 7/14/08 at 2:08 pm
Posted by Ric Flair
Charlotte
Member since Oct 2005
13681 posts
Posted on 7/14/08 at 2:38 pm to
Tigerdroppings on the RP news would look like Wamu today.
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