Trading Goldman Sachs Today (GS, AIG, BRK-A, AMD)

Goldman Sachs Group

shares are well off the lows of the session, down $1.08 to $159.71, a loss of 0.67%, as CEO Lloyd Blankfein is currently testifying for the government in the Raj Rajatratnam insider trading case. Goldman Sachs looks like it may turn positive, as the S&P and the NASDAQ are both stronger than the Dow Jones today, and Goldman Sachs looks to be leading as well. If investors believe the positive news, there could be a sharp snap back rally. Perhaps going long with Goldman at these levels may turn out to be a profitable trade. During the testimony so far, Blankfein said Rajat Gupta was in violation of Goldman's ethics during this process. Gupta is the one accused of giving Rajatratnam the information from Goldman Sachs, on a wide array of topics, including the Berkshire Hathaway (NYSE:

) investment, potentially buying AIG

, and giving Rajatratnam inside information on Advanced Micro Devices

quarterly results. As a result of the allegations, Gupta resigned from the Procter & Gamble

board. For more information on the trial today, stay with Benzinga as we bring you pertinent updates from the testimony.