Goldman Sachs (GS) Update on this downgrade from CITI

RacerNic

Goldman Sachs (GS) Update on this downgrade from CITI

By Nicolas Chahine — Author

Today GS got a downgrade to a SELL from Citi. They rarely do that. So at -1% it seems like a buy-able dip on this quality company, BUT.... This small dip is minuscule compared to the run up GS has had of late. So IF it loses the recent sideways trend it could fall to 225-. This is not a forecast but I do need to acknowledge the possibility. So I don't like to sell a credit put spread on this small dip.
SPECIAL attention to the fact that JPM BAC and other banks report this Friday. If those don't paint a picture for their 2017 that is as optimistic as the traders hope then GS could fall much lower.

Nic

Posted to Create Income with Options … on Jan 10, 2017 — 10:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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