Goldman Spectacular

gspecatular

Those who know me, know I've been calling GS Goldman Sux for quite some time.  In order to profit in this market you have to put your emotions to the side and make a trade that makes sense. GS was one of those trades.  Early Friday I alerted GS $100 July 6th calls to the chat room at $.06. At that time I was buying the $100 calls as a trade for a move of GS off its double bottom. I also covered GS in a few of my videos before the trading week started and said a move over $100 was coming. I think GS will see a move back to $106 before possibly pulling back again.

Those GS calls I alerted and bought Friday at $.06 hit $.36 today. I don't think the move is done yet and the stock will trade back over $100 before the week is out.   I would have rather put more money into the trade, but I felt I was getting the most bang for the buck buying the calls and so far its worked out perfectly.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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