erroneous trade by Goldman Sachs?
- Thread starter Cdntrader
- Start date
Word is, the trade was NOT an error.
It was a very large hedge fund sell order that Goldman worked via S&P e-mini's.
Goldman Spokesman also said it was NOT an error.
IMHO from my understanding of various technical trade signals and hedge fund players....the seller can only be SAC!!
It was a very large hedge fund sell order that Goldman worked via S&P e-mini's.
Goldman Spokesman also said it was NOT an error.
IMHO from my understanding of various technical trade signals and hedge fund players....the seller can only be SAC!!
duh
Quote from waggie945:
Now why would SAC use the E-Minis to short the S&P?
You must be sniffing something. . .
That's HILARIOUS!!!
It was reported to be e-mini's by the street.com but it just could as well have been OEX contracts
But based on a signal I know SAC watches...I have a very good feeling it was them.
I like the 2 warm Nestle Choc Chip Cookies deal for $.99.
"So you are the Christ
You're the great Jesus Christ
Prove to me that you're divine
Change my water into wine
That's all you need do
Then I'll know it's all true
C'mon King of the Jews
Jesus you just won't believe
The hit you've made around here
You are all we talk about
You're the wonder of the year
Oh what a pity
If it's all a lie
Still I'm sure
That you can rock the cynics if you try
So if you are the Christ
Yes the great Jesus Christ
Prove to me that you're no fool
Walk across my swimming pool
If you do that for me
Then I'll let you go free
C'mon King of the Jews
I only ask what I'd ask any superstar
What is it that you have got
That puts you where you are? Oh, ho ho
I am waiting
Yes I'm a captive fan
I'm dying to be shown
That you are not just any man
So if you are the Christ
Yes the great Jesus Christ
Feed my household with this bread
You can do it on your head
Or has something gone wrong?
Jesus, why do you take so long?
Aw, c'mon King of the Jews"
Quote from waggie945:
Now why would SAC use the E-Minis to short the S&P?
You must be sniffing something. . .
That's HILARIOUS!!!
If they did sell in the mini, it was obviously done to spook the market lower. Think about it, if they wanted to sell a large position, they could have worked it slowly. But they didn't. They chose to dump it on the market, on the most illiquid of markets, the mini screen.
The pit could have absorbed a couple hundred. It would have gone a few points lower. But that wasn't their intention. They wanted toshow their hand, send this lower and set off some stops possibly.
IMO, based on the markets recovery today, we have a strong market.
Will be looking for strength in the SPOOS over the next couple of days as traders bid the market up, possibly in anticipation of the covering of this large short position.
Anybody know how much volume sent it lower? from T/S?
enlighten us. what indicator is it? no one's going to ruin this strategy in something as liquid as the e-mini's, so let's hear it.