Friday, April 25, 2008

Rocketship GS

Goldmansach has shot up quite a bit this week. It was around 180 earlier this week and then now its 192. From a candlestick aspect an anbandoned baby pattern is starting to form. Meaning that if mondays price gaps lower and stay lower its a bearish situtation. However if it continues to trend higher than I will need to adjust my position inorder to stay with this earning play. So far i'm down $94 on a $950 risk.



Existing postition




With 195 put calendar if price continues to rise

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