Friday, April 16, 2010

WHO sold you that?

Ah-Hmm. How do you think most traders are going to want to answer that question?  Goldman's customer base ought to be shrinking pretty fast ...like that glacier in Iceland.   And without a customer book to trade against it's a little tougher to sustain unbroken winning trade days.. 
Still it has some value...













Definitely worth looking at after a 50% retrace...say 120, though I personally like the .618 around 100.

And do check out this Dec 23 NYT story....

Banks Bundled Bad Debt, Bet Against It and Won


Banks Bundled Bad Debt, Bet Against It and Won

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