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Goldman Punishes Momo Crew, Dumps Google From Conviction Buy List

Tyler Durden's picture




 

The Goldman "Conviction Buy" Criteria list: if XYZ drops out of upward channel, then dump. Enter Google. The Fast Momo Brigade just ordered an XXL dose of incontinence products. We can't wait for BIDU to suffer the same fate shortly. 

 

 

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Mon, 04/26/2010 - 17:48 | 318746 Fazzie
Fazzie's picture

 The only "conviction" list associated with the squid that would be of

any value would be a nice list of convictions handed down in a federal court

against top level management.

 I mean really, they pretty much admonish "sophisticated" investors to

be aware that they might be getting screwed so what claim to credibility

could any Goldman rating possibly have?

Mon, 04/26/2010 - 17:50 | 318750 Fritz
Fritz's picture

Phase 1 of their plan to shank clients (dump longs and go short from $600) is apparently complete.

Tue, 04/27/2010 - 00:04 | 319157 Cursive
Cursive's picture

This was my thought, too.

Mon, 04/26/2010 - 18:28 | 318798 Edna R. Rider
Edna R. Rider's picture

I would bet GOOG is a better bet than most of its "peers."  It is down almost exactly $100 since its high in Jan.  I am always puzzled by stock buyers anyway but baffled as to why a company like X is at $60 which will likely report a loss tomorrow and is deep in debt but GOOG is at $527 (AH) which reports a huge gain top ln & bottom and has 25b in cash and 0b debt.  Kind of makes you realize why people buy strange like gold and stick it under the bed.

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