Posts Tagged ‘$GS’

• Momentum Book Update
  Posted by Leigh Drogen on January 8th, 2010 at 7:07 pm, Comments: 0

  The momentum book under performed a little bit this week as I am heavily loaded in tech and not exposed enough to the materials sector.  Large cap tech is taking a rest here after its amazing run.  Are we topping out or consolidating for the next push?  I feel its the latter and not the [...]

• Goldman Sachs and Finnies Steamrolling the Market
  Posted by Leigh Drogen on January 5th, 2010 at 12:41 pm, Comments: 0

  It was pretty obvious how these past few weeks were going to play out.  Tech is a little tired, there are a few weak sectors, materials are flying again due to a halt in the $USDX rally, but it’s the financials that are leading this market higher.  After spending almost 6 months in a coma, [...]

• Classic Bottom and Breakdown Patterns
  Posted by Leigh Drogen on December 30th, 2009 at 3:11 pm, Comments: 0

  A little trade review here today into the close.  I put on two swing trades today, a long in $GS and a short in $LVS.  Both are classic patterns with low risk entries, let’s review. This is a classic bottoming pattern in Goldman Sachs $GS.  On the chart you will see that the mid December [...]

• Fear Your Cash, Hate Your Bank
  Posted by Leigh Drogen on December 29th, 2009 at 9:06 pm, Comments: 0

  I had a light bulb moment tonight.  I was walking down the street, freezing my butt off, thinking about a conversation I’d had with someone this afternoon.  The moment had been building up for some time, working its way to the surface, revealing itself it little bits and pieces, but tonight it hit me like [...]

• Weekend Reading
  Posted by Leigh Drogen on December 19th, 2009 at 9:07 pm, Comments: 0

  I ventured outside today for a total of about an hour, it’s brutally cold and nasty out.  I can’t remember the last time we saw a massive snow storm in NYC, the past few years have been crazy warm.  Believe me, I’m not complaining, I hate the snow unless I’m snowboarding.  For the retailers this is [...]

• Bernanke and Geithner Win (for now)
  Posted by Leigh Drogen on December 3rd, 2009 at 12:03 am, Comments: 0

  Allow me to set the stage: Last winter as the world was falling apart Bernanke and Geither had three options: Nationalize the largest banks which represented systemic risk ($C, $BAC, $WFC), sell off their assets piece by piece, and put the full weight of the United States balance sheet behind the financial system in a transparent way. [...]

• Late Night Humor
  Posted by Leigh Drogen on October 19th, 2009 at 1:56 am, Comments: 0

  You know what, all of you people should stop whining about Goldman Sachs and how much money they make or how evil they are. Goldman represents everything that other businesses should be, they are ruthless, cunning, calculating, and disciplined, not to mention they are the smartest sons of bitches on the fucking planet. While the [...]

• The 29 Minute Hedge Fund: Postmarket Update 9/3/09
  Posted by Leigh Drogen on September 3rd, 2009 at 11:26 pm, Comments: 0

  @fundmyfund made two great comments this afternoon, one that almost sent me to the floor laughing, while eating a sandwich.  The first said, “I’m opening a hedge fund that will be open 29 minutes a day, buy at 3:30 sell at 3:59. I’ve backtested past 6 mo, 81.792% success rate. Not as good as Goldman [...]