Seeking Alpha
  • campusglass
    Considering buying 95 Dollar ITM calls for GS if market falls again tomorrow
    11/16/11
    Reply (20)
    • brownlee30: my 105 calls have taking it hard today...
      11/16/11
    • campusglass: oof. yah. how far out?
      11/16/11
    • brownlee30: Jan12.. down $155 a contract today.. have time..
      11/16/11
    • campusglass: JAN 21st right?
      11/16/11
    • brownlee30: Yep
      11/16/11
    • golfitobob: not goooood. Thyegot deriv exposure bigger than Greece & they won't earn a penny bthis coming 1/4 Run Forrest Run. loose those braces & run
      11/16/11
    • campusglass: What was the stock at when you bought if you dnt mind me asking?
      11/16/11
    • brownlee30: 98 and some change...
      11/16/11
    • campusglass: IDK. You may not wanna hold. I think I am steering clear. Even after recommending em all day
      11/16/11
    • golfitobob: rem Cramer at 130 BUY BUY BUY At current earings with deriv exposure 70
      11/16/11
    • campusglass: I said it in 07 as a freshman at college. I said it before ill say it again. With time GS will get back above 100....
      11/16/11
    • brownlee30: Got smoked on them today, going to wait to see what the morning has to offer to see if I will just eat the loss and move on or wait it out
      11/16/11
    • campusglass: But prolly not before January 21st
      11/16/11
    • brownlee30: You don't see them recovering a little over $3 per share by Jan? That is only just over 3%..
      11/16/11
    • brownlee30: If I can breakeven on them by end of month I would be happy lol
      11/16/11
    • campusglass: I see them staying below 103-105 For a WHILE. And i see them hittiing 80 possible. Risk dsnt justify Reward IMO
      11/16/11
    • brownlee30: I don't see them loosing another 16% to 80.. that is a stretch. It traded with avg volume today and is currently 6% below 50 day ma and 9%
      11/16/11
    • brownlee30: off the 20 sma. another 1.75% drop would put them at the bottom of the band range as well.
      11/16/11
    • campusglass: IDK.....They said they have sold 5 trillion of CDS but havent said on what...
      11/16/11
    • golfitobob: but, we c Politicos demanding banks TAKE losses & not trigger CDS payments.GS is one of those banks that will take haircuts & get no Insur !
      11/16/11