Positions
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B 100 GS @ 74.79, stop-limit @ 70
+100 UCO @ 8.19, cost @ 6.70, increase stop to 7.50
The mysterious wall street leader has been unnecessarily slammed today. I've been waiting for an entry point and have a tight stop in place given the possibility that this could be the start of a bigger sell-off in Goldman. They are profitable and they cover short-term liabilities. In a prior trade, I correctly dumped GS in anticipation of their worse than expected 4Q earnings release and the stock soared to my dismay.
Live from Queens,
TM
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