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Started By
Message
Goldman Sachs is getting cheap
Posted on 7/14/08 at 1:16 pm
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 on 7/14/08 at 1:27 pm to ShreveportTIGER318
quote:
GS is starting to get pretty cheap
By which metric?
Posted on 7/14/08 at 1:36 pm to Colonel Hapablap
you two think it's major decline is over?
Posted on 7/14/08 at 1:39 pm to The Snake
I'd be interested to see his analysis of just how it's cheap.
Posted on 7/14/08 at 1:42 pm to Tiger JJ
my guess is that it sounds something like, "OMG IT'S DOWN 20%!!1!"
Posted on 7/14/08 at 1:43 pm to Colonel Hapablap
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 on 7/14/08 at 1:53 pm to Tiger JJ
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.
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 on 7/14/08 at 1:55 pm to ShreveportTIGER318
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 on 7/14/08 at 1:58 pm to MileHigh
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 on 7/14/08 at 2:00 pm to ShreveportTIGER318
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.
Or you could just do something through prosper.
Posted on 7/14/08 at 2:01 pm to Colonel Hapablap
question, is the capital losses write off max still $3000?
Posted on 7/14/08 at 2:02 pm to Colonel Hapablap
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 on 7/14/08 at 2:04 pm to Cold Cous Cous
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 on 7/14/08 at 2:04 pm to ShreveportTIGER318
or
Chicken is like the Bernanke,
the most deregulated market known to capitalism.
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 on 7/14/08 at 2:04 pm to Cold Cous Cous
they're also in the Tigerdroppings dead cinch shorts index.
Posted on 7/14/08 at 2:06 pm to Colonel Hapablap
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"
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 on 7/14/08 at 2:38 pm to ShreveportTIGER318
Tigerdroppings on the RP news would look like Wamu today.
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