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Saturday, June 12, 2010

Trade - GS

I listen to the linked video and I hear a level headed group of leaders, regardless of the nitpicking. (FinReg showdown)

I see the decline of GS over the past few weeks, and think it is very over stated. With the bill coming through over the next few weeks, reported earnings coming due and the fact that GS is trading very close to book value, I am expecting GS bounce and hit the high 150s/low 160s level.

I am long GS right now, and added on Thursday's decline.

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