We talked of shorting Goldman for a possible ride down to 122.25, and this rally might provide a good opportunity to do it. It projects to 138.71, so let’s offer 200 shares short at 138.65, stop 138.95, day order. You can substitute options, but the stop-loss will still apply. ______ UPDATE: Before diving $1.50, Goldman topped at 138.26 — not quite high enough to get us short. Cancel the trade, but keep in mind that the very bearish target remains in force if you want to take the initiative.
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