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[StocksonWallStreet]

Moving on, why do I like Goldman so much? Here are several reasons:

1. I feel Goldman is a very attractive opportunity right now and it is undervalued compared to what it should be pegged at. I feel that its 12-month price target should be roughly around $250.

2. Goldman’s business ventures should start to take off. We have started to see a pickup in M&A and IPO activity, which should help strengthen their Equity Capital Markets division. With huge M&A backlogs along with a strong demand for restructuring advice and improved IPO markets Goldman will be a big beneficiary.

3. Expect Goldman’s fixed-income, currencies and commodities business to continue to soar. Analysts say these divisions are up 99% year to date, don’t expect them to slow down anytime soon especially in 2010 where we should see a more upbeat, stable market and improved global economy. Expect for equity markets to rebound and for their fixed income market to open up proving for an improved operating environment for Goldman to capitalize on.

4. With recent protest from investors and Washington, compensation expenses will be lower. Bonuses are not being handed out in the form of stock options rather than cash. This is a rather cheap option at 11 times estimates it will be beneficiary. It is now projected that around 42% of revenues will be handed out as compensation against the 46%, which was originally projected. That 4% difference should be a nice bonus to investors.

5. Goldman has an advantage over its peers due to its high stature. Many analysts consider it to be a premium when valued against its peers due to its operating leverage, global power. Strong client relationships, and healthy balance sheet. The fact that it doesn’t carry as much baggage as the other financial institutions and has a relatively clean balance sheet should prove well and allow it to recover faster than the rest.

Some might claim that Goldman is the root of all evil and fear that Goldman has the game rigged, even if no one can ever prove how, not just because of its political connections but also because of its immense size and power. Think what you want but looking at the fundamentals of it all, Goldman is too good of an investment opportunity to pass up. 12 months from now I believe it will be trading at roughly $250 a share, quite a sizeable return. Enjoy!!!

Goldman Sachs (GS): Investment Opportunity that’s Hard to Pass Up | Stocks on Wall Street

[Greg Magadini]

Today GS has broken its downward trend-line to the upside.
We see previous support/resistance of 157-167. (7/17/09 to 9/3/09)
and recent support/resistance of 160-167....
Today on close is a GREAT BUY.
Under these conditions....
1. GS>$167
2. Above average Volume. (A plus but not necessary)
3. Place a Hard Stop around ~160.... even a little higher is okay ~161...
or a little lower ~159... (Yet I dont advise $159 because many other people probably have stops around $160 so $159 would probably get triggered whether support holds or not.)


Fibonacci Retracements
Indicate that $172... it a good spot for partial profit takings.

If you have a stop at $161 and sell half at $172... you have a free trade if you bought at $167....

[Greg Magadini]

Today we saw great Goldman Sachs Performance...
Although the market had a big sell off, GS stayed strong and ended up $2.14 higher.

Here are some other reasons to buy...
Besides the fact the GS is showing great relative strength, we know that GS earnings are about to come on 1/12/10.
The last 3 quarter earnings have been fantastic!!!
GS should trade higher due to potentially good earnings. Whether the earnings are good or not, GS should see some buying actions up to 1/12/10.

It is also a great time to buy on the charts. GS down trend has just been broken....

[Greg Magadini]

As we can clearly see the Fibonacci resistance played out almost to the penny...
This is what I expected. For those of you who took this position trade, this is where you would sell half you shares and keep a $160 stop to have a free trade. These are great. I recommend selling 1/4 of remaining shares the DAY BEFORE earnings... Locking in PROFIT...
Again Congrats to everyone else in this trade... Respect