just out: Goldman adds GS to conviction buy list

A

apitrader

Following news that the SEC has charged Goldman Sachs (NYSE: GS) with fraud related to subprime CDO's, an analyst at GOLDMAN has upgraded the stock from conviction buy to conviction conviction fraud.
 
As someone on Twitter wrote: "It's ok - Goldman bought puts on itself prior to the news and made $4.2b on the fraud charges."
 
Quote from apitrader:

Following news that the SEC has charged Goldman Sachs (NYSE: GS) with fraud related to subprime CDO's, an analyst at GOLDMAN has upgraded the stock from conviction buy to conviction conviction fraud.
More...
i knew it wouldn't be long before this joke would hit the streets, lol
 
Quote from droskill:

As someone on Twitter wrote: "It's ok - Goldman bought puts on itself prior to the news and made $4.2b on the fraud charges."
More...

And they also sold 1000 Big S & P contracts right before the news hit the wire. Classic. They probably hit everything form ETFs to gold to currencies simultaneously on their inside info about themselves and netted the biggest trading profits of the year.
 
I don't like them but bottom line two bigs crooks in the world GS and U.S. govt. Goldman seems to find a way to profit from everything while US govt runs deficit and on verge of bankruptcy. Bottom line they would be better leaving GS alone settling the matter and get back to business. The more they bother them the worse the economy will get..
 
You must log in or register to reply here.
Back
Top