Leaning Toward a Downside Trade

Goldman Sachs (GS) started out in the pre-market looking like a winner. The stock was trading in the low $180s at one point before Citigroup (C) came out with disappointing earnings numbers.

Now GS has retraced to challenge the all-important $175 level. While $175 is the level I want to see to max out my earnings trade, I want to see it tomorrow more so than today. The drop has given me a chance to cut my earnings position in half for $0.60, which isn't half bad off an entry of $0.02....194 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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