Goldman with a 99 handle!!!

look at GS-PA . since it's pretty much ridiculous to think that goldman is gonna go bust, goldman's preferred has been WAY oversold. i think that much of Goldman's CDS spread is due to the fact that there is no one willing to write protection on Goldman.

disclaimer: this is not trade solicitation of any sort. I own GS-PA. so ha.

...it is not ridiculous to think Goldman could go bust. In fact if they dont find a partner soon goldman WILL go bust. Anybody without deposits is at risk right now, just b/c goldman has done well dosent mean they will be able to fund themselves in these markets. The whole brokerage model is in question right now. If i was you i would not own that stock.

i got puts on all the bbs with one month to go lol.

If you owned puts on the banks in the past couple days/weeks you made out like a bandit. Talk about a mega trade. If you bought puts on the banks today you paid a fortune for those options.

my position is tiny. but yeah it's pretty good nonetheless

got goldman at 88 today
it was insane
made some money though...some coverup for the lost future bonuses

bondarb, i know you know this business a lot better than i do. while it's quite possible that goldman may not find a commercial bank, i'm thinking that the boys at gs can pull something out of their bag of tricks.

i forgot to mention, paulson still works for goldman.

Is way too caught up in all the bullshit going on right now. They are MAKING MONEY while their compeitition is basically helpless.

And who gives a fuck about deposits? WaMu has [had] plenty of deposits...people are all talking about the standalone investment bank business model not working anymore, but when this shit all ends its going to be Goldman (not some juggernaut like Citi/BAC/Barclay's) that gets rolling the fastest and is in the best position to compete.

I do wish I had the balls to buy more over the last couple of days, nice going a_newbie (I still hung on to my shares I had bought at $185 though, and 5-10 years down the line GS will blow past that considering what their competition has become).