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Goldman Punishes Momo Crew, Dumps Google From Conviction Buy List
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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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?
Phase 1 of their plan to shank clients (dump longs and go short from $600) is apparently complete.
This was my thought, too.
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.