Category Archives: GS

Branding Diallo

The Guardian (and all the other major news outlets) continues reporting on DSK’s accuser; she’s not in it for the money. The lawyers, PR people, and talking-heads are following the roadshow of Nafissatou Diallo. It’s her turn…

Syria is stepping up raids while the world is distracted with sovereign debt.

Goldman Sachs (GS) upgrades Cisco (Street Insider)? We are starting to see concrete actions from Cisco, but with the Goldman upgrade I’m sceptical, again. This week $JNPR took a good 10% hit so what’s the strategy here??? Large institutional investors have a particular interest in seeing CSCO start to move. 66% is institutionally owned. Guessing 15 is the magic red-flag number.

Mediapart sheds some light on political advantage in the French Senate. Ongoing frustration with the priveleged class, and where they get the extra money… (Le Sénat distribue un million d’euros d’indemnités cachées à ses “dignitaires”)

Deadline fatigue… More after lunch!

I’ve eaten, and I still have deadline fatique… More after coffee?

Coffee and a freshman press conference. It lingers, still.

Greece, Goldman and Google

This is probably the best article I’ve read about Greece recently. It calls into doubt the privatisation plan. Here’s another from France24 which has a decent human perspective.  The vote should be happening in about 2 hours and the European markets are up over 1%. My guess is that this will be a sell the news event. If you’re interested in the austerity details this is a good link.

We should have the result before the European markets close and at the opening of US markets. I think we’ll see some strong pull-back almost immediately after the vote.

“…there will still be a risk of lawmakers rejecting detailed austerity bills in votes on Thursday on the implementation of different elements of the plan, such as tax rises and the sale of state assets.”

If that pull-back doesn’t happen today, we’ll see it happen before going into the weekend. I’m cautious today, maybe too cautious.

I’m concentrating on $GS and $GOOG today. Both of these charts show strong decending channels.

Goldman on increasing volume.

There’s also some chatter about transitioning to consumer staples, I think this is also worth some study.

Goldman Sachs Put Backspread

This is a trade I’ve been working on since $GS was at about 150. I think it’s still relevant today.

Selling 2 July 140 Puts
Buying 4 130 Puts.

Judging from the downward trend we have some good momentum and given some unforeseen good news and a strong pop to the upside we’re relatively well protected.