Intraday Distribution Alert, Goldman Sachs Falls Under Nov Lows
Posted on Tue 18th Dec, 2007 11:35:37 AM
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?)
Eliot Spitzer On Matt Taibbi and Goldman Sachs
(Zero Hedge, 7/14/09)
Goldman Sachs at 52 Week High
(Hot Trading Strategies For A Col..., 9/11/09)
U.S. Financial System In Even More Precarious Position Than Before
(Shocked Investor, 9/26/09)
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.