A Speculative GS Play
Play December Calls Now!
Dear Bottarelli Research Member,
In one of the most powerful statements you’ll see all year, Goldman Sachs Group (GS – NYSE) just announced that they will NOT be taking any significant charges or write-off losses due to the sub-prime mess. In fact, Goldman Sachs said that they maintain a short position in the sub-prime mortgage market, which could ultimately allow the powerhouse brokerage firm to completely avoid the sub-prime problems that submarined competing firms like Bear Stearns (BSC – NYSE) and Merrill Lynch (MER – NYSE)!
This single announcement solidifies GS as the top brokerage play that your investment dollars can buy, setting the table for another upside run to their previous high at the $250 level. As a speculative upside play, let’s profit off this move using December calls now!
PLAY: Buy the GS December 250 Calls (GPY LA) at or under $7.00, good for the day. Current bid/ask spread is $6.50 to $6.80. Place a protective stop limit at $3.40.
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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