Okay. Everyone seems to have picked up on the easy-as-pie Microsoft trade, buying October 13 puts as recommended. This gambit has the potential to pay for your subscription, and that’s why I offered it. But might I also suggest that you take an interest in Goldman Sachs? The stock has been yielding up trades that have not only been highly profitable, but very nearly riskless. The little s.o.b. has started to grow on me, really, and as long as it continues to be, well, fun, and as long as we’ve got the stock nailed, why not come along for the ride?
COMMENTARY for Tuesday
TODAY'S ACTION for Tuesday
Rick's Picks for Tuesday
The _____ rally target we've been using remains appealing as ever, and you can still short there with a stop-loss as tight as a single point. ( If you're fortunate enough to be reversing a long position when ES gets there, you can widen the stop to 2.50 points.) The first hint that the bullish target might no be reached would come on a fall to ______....
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Yesterday's rally was constructive, since it exceeded a small peak on the hourly chart at 899.50 recorded on the way down last week. However, because Gold has squandered numerous opportunities of this sort in recent weeks, we'll set a high bar to tell us whether the uptrend begun last Monday is capable of renewing itself with each bullish thrust. ...
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I mentioned elsewhere today that we might have to adjust our sights upward for this this vehicle if Goldman Sachs shares are about to shoot up 10 percent, to $140. I doubt that the Dow would keep pace, implying a move up to around 8900, but there is a Hidden Pivot resistance at ____ that can serve as a minimum upside objective if the Goldman-inspired wilding spree catches on. ...
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I gather from the chat room discussion yesterday that tous le monde took the recommended trade, buying eight ______ puts for an average 0.58. There is no urgency about spreading off these little pups, nor should we get nervous if Microcrap tacks higher on rumors that Windows 7 is not quite as crappy as Vista. In any event, our goal will be to leg into vertical put spreads if the stock falls hard in the coming weeks; or if it falls only moderately...
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This Just In... for Tuesday
Recommended reading: Goldman Sachs Backlash is Picking Up Steam
Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
Goldman Madness Has Infected Stocks
by Rick Ackerman on April 14, 2009 12:01 am GMT · 6 comments
Anyone who wants to know what’s on the stock market’s evil little mind need only monitor the behavior of one stock: Goldman Sachs [NYSE Symbol: GS]. These days, Goldman is the high-beta vessel of whatever madness appears to rule at a given moment. As such, it’s often possible to predict the stock market’s histrionics based on Goldman’s crazed » Read the full article