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Good Opportunity with Goldman Sachs (GS)
Goldman Sachs GS ($146.33 -13.91 -8.68%) (4/30/2010) is down about 9% at this time after the news came out that the federal prosecutors are looking into whether to charge Goldman Sachs Group Inc. or its employees with criminal securities fraud from Wall Street Journal.
The report cited unnamed sources familiar with the probe. Neither Goldman nor the office of U.S. Attorney Preet Bharara would comment for the report.
Also many financial firms downgraded GS today . Bank of America lowered GS ratings to neutral from buy and cut price to $160 from $220 per share.
The best way to take advantage of the stock market is to catch the right opportunity. GS is the biggest stock trading financial firm and there is no doubt that it will continue to be one of top financial firms in US.
I think GS is already down pretty much from the above $180 range. This may be a good time to buy some of the GS stocks. However, it would be a good idea to monitor the stocks for some more time, too.
LIVE data: GS ($117.53 4.14 +3.65% Live)
| Print article | This entry was posted by Chris on April 30, 2010 at 1:36 pm, and is filed under Stocks to buy. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
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about 1 year ago - No comments
I have foreseen something like this when I heard SEC accusing of Goldman Sachs back in mid April. And though that the GS ($145.22 7/15/2010 / $117.53 4.14 +3.65% Now / -19.07% Change)will soon resolve the issue with SEC and the price will be back up at the end of GS when the price was
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Last Thursday (5/6) the Dow Jones went free fall to 9,977 point from the 10,838 opening level. That’s 861 point drop (about 8% ). Fortunately, the level came back right to its normal level and ended 10,520. (Still more than 300 point drop) But it was just scary looking at the chart! I was looking
Hello, my name is Chris. I have started stock trading about 3 years ago. I am not an active or day trader but I learned many valuable lessons. I will try to explain what I learned during the times. So please visit again and leave comments! Thank you.
