GS – Goldman Sachs (Last:143.11)

Putting aside the speculative bias of today’s commentary, we’ll trust Goldman about as far as we could heave a Hummer.  That’s why I advised covering all but 100 shares of our 400-share short position near what turned out to be the intraday low. If the stop at 149.97 gets hit — and I wouldn’t lay odds against it — that would yield a hypothetical gain of about $700 for two days’ work.  It will also put us on alert to try shorting again — 400 shares at 153.49, stop 153.62, good through Wednesday. _____ UPDATE: We exited the remainder of our position on the stop-loss — good for a hypothetical gain of $800 for the two-day hold.  Now we’ll look to get short at 153.49, my immediate and minimum upside projection from here.  ______ FURTHER UPDATE:  The stock has retreated in the last week, negating our plan to get short. Cancel the order.