FinanceHulligan
Short

Sell Goldman Sach - Long Time Bearish

BATS:GS   GOLDMAN SACHS GROUP INC
173 2 0
Read Chart!. Interresting fib.retr. 70.2 will probably turn out to become a resistant again for a long time.
I am not planning selling it short until 2020 just because I show what probably will happen. $45 was not even 5 years ago. But I do see an obvious pattern in BARR formations - corrections takes awfully long time to end.
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I agree that GS looks a little streched here and I am also setting up a S-T short , but targets more on realistic levels (125-135)

How do you propose selling short the biggest money machine on Wall Street (ethical or not can be debated) until 2020 with a target of 60$ ? Your theta and volatility until then will kill you.
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