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

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  • #16
    Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

    Originally posted by jtabeb View Post
    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!

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    • #17
      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
      Justice is the cornerstone of the world

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      • #18
        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.
        Ed.

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        • #19
          Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

          Originally posted by ViC78 View Post
          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.

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          • #20
            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.

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            • #21
              Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

              Originally posted by FRED View Post
              Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

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              • #22
                Re: Goldman Sachs shorts its own stock, tanks market, makes billions off SEC fraud charge news

                Originally posted by WDCRob View Post
                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.
                Finster
                ...

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