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Message: O/T: short trade on GS

O/T: short trade on GS

posted on Nov 29, 2007 07:55AM

I reported here a few weeks ago that I had never shorted a stock before. Well I took a run at a short trade today, just a quick flip of 100 shares of GS short for a $140 profit in about 20 minutes.  I would not touch a stock like KXL, or any other active resource junior, because the potential for a halt and then a major upside move is too great.  But with a big cap like GS, its a slam dunk if I do not try to get too greedy.  Anyway, just wanted to post that little update...

cheers!

mike

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