I do not believe the analyst who suggest GS going to book value or 100. IMO, that completely negates their worst case scenario earnings ability, and as paid analysts, is irresponsible.
A chart that I did not think I would use, needs to be seen. IMO, this is where GS is heading, then I will buy 140 Jan 2011 calls.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX_oUXSxV2yghvS-TyeUlpgtk9NsxeqFuw86r0l7Yd92jwaXRdSQZy5NFLQpLXmNgeePjtK1Ww2UlSkRgEj22_qFpIGuTPZe1vBZV7poSSKNR_2P94xSSyE2OEvTVMEs_HLvvJTx_iLx8/s400/sc.png)
This is a 5 year 500SMA daily chart of GS. Look how beautifully it acts as resistance and support throughout the years.
Looks like we are approaching a time when it will act as support.
As it potentially gets to the 142-143 level, there is support around 150 and 147, so it may bounce around first. But if the negativity keeps coming, I am expecting GS to see the 5oo SMA.
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