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re: Goldman Sachs is getting cheap
Posted on 7/14/08 at 1:27 pm to ShreveportTIGER318
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 1:53 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
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