Blood Running On Wall Street- I’m Buying Gold- Goldman Sachs

I finally bought some Gold today- but it wasn’t the metal- I stepped up and bought Goldman Sachs (NYSE: GS) – 500 shares at $144.25.

There is absolute blood in the streets on the financials- they are so oversold it is kind of absurd.

GS is the absolute gold standard of investment banks, and I have been watching for a huge down crazy day to make a trade in this one.

I first looked at the March 145 options- believe it or not, they wanted $10 for those options- I think I’ll sell some against my 500 shares now. That’s nuts- I won’t pay that kind of premium.

Back to the screens- more on this later.

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