GS part IV

GS was up then down a shocking, for me, $3.80 and it did reflect what occurred in the general market yesterday - slight uncertainty. GS is a bank now and that alone is bullish for this equity. A hedge fund subsidiary lost close to a billion dollars, but on a percentage basis it has outperformed the SP500. I'm not saying back the truck up on it.

But this issue is playing chicken with investors. I don't know about timing, but I would say any big moves in the market will cause an even bigger one in this equity from an additional short squeeze to momentum traders to long term investors who finally feel the bottom is in on this one.

At around $90 a share, it is very hard to own it with any confidence after seeing how other blue chips have behaved of late. There are 1000s upon 1000s of cheap shares out there, but there is only one GS and that is why I harp on it. One may disagree, be envious, hate them out right, or lust after a job there, but the fact remains they hire the best and get the most out of their employees.

Yeah, they made mistakes, but this was a systematic issue and not on an individual basis. Should they have know better? The're still in business, which cannot be said of others.