Intraday Distribution Alert, Goldman Sachs Falls Under Nov Lows
Real time Goldman Sachs, ticker GS just under cut $201.57 which is the low set in November. The stock hasn’t seen prices under this since way back in September.
Some investors say that Goldman Sachs is a direct representation of the stock market as a whole.
Here is the screenshot I just took intraday,
Click to view, click again to zoom
Here is a view of the last few months,
Click to view, click again to zoom
Keep a close eye on GS to see if it falls under $200. Today is already on pace to signal a sizable distribution day for GS stock.
More on this topic
(What's this?)
Goldman Sought to Merge with Citi
(naked capitalism, 10/26/08)
Goldman Accused of Naked Short Selling of Leveraged Loans
(naked capitalism, 11/17/08)
Goldman Sachs (GS) Beaten, Bloody - Warren Buffet Down $2 Billion
(Fund my Mutual Fund, 11/11/08)
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Posted by Blain Reinkensmeyer on December 18, 2007 at 11:35 am --
Maybe filling that gap from back in mid-September?
4% for news that didn’t seem that bad. They said they had a bad November. Charlie Gasparino on CNBC said it was maybe their worst month ever. I don’t like betting against Goldman but if the sentiment keeps negative we could see $180 before we see $220 again.