When I look closely at GS, I can't help but get a nagging feeling that we aren't done with downside yet. In my earlier notes, I expressed my desire to buy at the 212-208 region, and when I re-work my calculations, that precisely what I still want to see.
Earlier this week, I mentioned that GS was approaching supports. I am currently of the opinion that the supports will NOT hold, and instead we will slice into the 212 regions by end of August
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Should turn down here if we are heading to 212 regions - else we are all clear to 250!
Exciting
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... and it turned down...
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With the long idea stopping out, this is my operating thesis now
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Apologies - long idea is not stopped yet since it closed above support. Long idea has great R/R now, so if we open above support I might take a whack at it