The Buy Signal

Goldman Sachs has downgraded Boston Scientific to Sell and added to its conviction sell list. Goldman Sachs equity ratings have a complete disregard for valuation. Tell me which way a stock has been moving and I could tell you what the Goldman Sachs rating is. 

Some of my best ideas have come off the Goldman Sachs sell list. American Express at $10 and Gap Stores at $19. Keep up the good work. I will be looking to purchase Boston Scientific if it gets closer to $6.

8 comments:

Onlooker said...

There are high expectations for a break out if we can get above the high on the SPX. But it's been turned back a couple of times already and there wouldn't seem to be enough strength in this market currently to go very far.

Do you expect that it would be a failed break out that would actually lead to a correction/pull back instead? Thinking of adding shorts up here and trying to decide how close to set stops. Don't want to get shaken out on a fake out above 1154ish.

Appreciate your thoughts on this.

Chaos! said...

You can bet Goldman doesn't follow its reccommendations with its proprietary investing! More likely they're on the other side of their customers' trades. Leading lambs to......

Tsachy Mishal said...

I think we are getting very close to a top. If call buying stays high all day and we get a pop after the Fed meeting I will probably start shorting.

Onlooker said...

The ISEE sure popped with high call buying at the open. Wow, big numbers.

Thanks for your thoughts. I got short too early. Gotta learn the patience that you seem to have Tsachy. Nice play so far.

Anonymous said...

Have you considered PALM at all?

I don't know much about the company, have been watching the price since the drop.

Tsachy Mishal said...

I don't buy companies where I believe there is a real chance of bankruptcy.

Anonymous said...

FBP

Anonymous said...

does anyone have a view on PVH? i don't get it. they're buying TOM for 2x the valuation that it was sold for back in 2006/2007, the peak of the market. private equity was the buyer back then, so you'd have to imagine that they slashed costs, etc in preparation for a sale... and now despite paying 2x the valuation, goldman sachs is saying that the deal is $0.70 accretive to PVH's 2011 earnings? why would TOM holders give so much value away? am i missing something?