BAGAKOAA Oct 5, PM

BAGAKOAA;

October 5, 2009

Someone asked the question so I thought I’d share the answer:

Any tips on trading GS into earnings? Long or short?

Part of the problem is everyone is in the pool.  Based upon mean eps for 2010, this is a 180ish stock.  If you take high end 2010 eps estimated and apply a 12 multiple, you could be looking at 220-240 a share.  I have some and have been trailing stopping it at 8% down.  If you an optimist and have plenty of medical insurance and disability insurance and are vested in a 401k or IRA as much as you can and still have a few bucks left over, go ahead and get in with an 8% down stop to protect yourself. 

Salve Lucrum