Tuesday, April 14, 2009

Short Goldman Sachs

I lost a lot of money the last time Goldman Sachs demonstrated through news outlets how financially healthy they were, but weren't.

This talk of them buying the government's interest is a publicity stunt. Additionally, the correlation between paying off the government and a higher stock price is not valid.

My gut says 20-30% upside risk, but it will fall just as fast.

No comments: