Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

[ViC78]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

Somebody made some money on that day, like a 47,166% return in 24 hours. Not bad! (And yes FRED, I understand that you did not seriously make the accusation that is listed in the headline)

The April $165 puts jumped to $4 from 1 cent yesterday. Those contracts traded more than 29,000 times, almost double the number of outstanding options before today.

This might just be a fat tail event which Nassim Taleb keeps harping about. Everything does not have to be driven by some all knowing cabal. Congratulations to the people who made this trade!

[cobben]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

Sharelynx new charts:

Intraday Gold Manipulation

http://www.sharelynx.com/chartstemp/...nipulation.php

[FRED]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

To be notified by email automatically the next time we post a similar gold price prediction, choose the Subscribe to this Thread option from the Thread Tools menu at the top of the thread to subscribe to this thread.

[jtabeb]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

This might just be a fat tail event which Nassim Taleb keeps harping about. Everything does not have to be driven by some all knowing cabal. Congratulations to the people who made this trade!

I agree, as long as NO Goldmanites made money on this trade.

[LargoWinch]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

Janet Tavakoli on April 16, 2010: The SEC failed.

[GRG55]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

[Finster]

Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

More proof regulation is bad and markets are both rational and self-regulating I guess.

Said it before... Don't want a Consumer Protection Agency Wall Street Libertarian types? Stop screwing people.

This should not go unchallenged.

Please see Wild West Capitalism.