Monday, September 15, 2008

Some early thoughts:

I don't think analyst calls will help you guys much this morning. So I'm going to tell you what I like this morning:

- Goldman Sachs (NYSE:GS) down 10+ pts, near the Bear Stearns low of $140 looks like a buy. GS's been the smartest operator around.

- American International Group (NYSE:AIG) may have some value here in the $6's and $7's. Tight stops.

- Wachovia (NYSE:WB) looks interesting as MSCO and GSCO are now hunting for a bank.




dcxavier said...

What's the counterparty risk with GS? It doesn't do any good to be on the right side of a trade if the other side can't pay off. GS is pretty highly leveraged, so it won't take much to put a hurt on their capital.

notablecalls said...

GSCO counterparty risk with LEH is not huge.