There are still a lot of weak stocks out there that continue to show signs of worsening — especially when they lag during every bounce attempt by the broader indexes. Goldman Sachs $GS is one of them. Goldman has been one of the stocks we’ve wanted to be short since mid October but the stock kept moving back in forth around our line in the sand — $218 — frustrating our attempts to pick a spot.
Last week, $GS finally made what feels like a decisive move to the downside and now is the time to strike.
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