8.12.2008

GOLDIE


GS making news today as top sell siders decide the stocks is over priced and estimates need to come down. And of course CNBC geniuses telling us that it is no longer teflon since it is way down today- $10+


Breaking news to CNBC - GS was much lower in January and at the July 15 so called financial bottom- $140 area in January and $152 or so in July- so $168 today not so horrible.


Support probably at near $165 - the FIB 61.8 retracement- and don't be surprised if tomorrow someone tells us how over done today is.


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