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Goldman Stock Price Weakness Persists, Hits One Std Dev Below November VWAP
Even with the market trading higher on the 5 or so shares churned by whatever rebate chasers are still in operation, Goldman has been quite week recently, and today the stock hit one standard deviation below the stock's November VWAP of 173.86. One std dev is +/- 3.4 so the most recent price of $169.13 must be looking marginally anomalous to the algos that use Goldman as a leading indicator for financials (and potentially the broader market).
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It's getting close to options time? Lower stock price translates to more shares for the banksters.
Like a yahoo chat room full of webbots. You know you're going to score if you have a credit card number.
I hope they got good brakes.
http://www.youtube.com/watch?v=dT0J0rcJTLo
This just means GS employees will be getting a boatload of stock & options at relatively depressed levels for bonus's this yr. Then Lloyd can go out and tout how they paid no cash bonus's this year, only to make a stellar return on the back end one the options vest. Pump & dump. Don't get long now.
If you pay $21 billion, yes, billions of dollars in 'bonuses' (translation: money you borrowed from some gracious lender that you put in to the position of lendign it to you and never have to pay itback (that's called a gift where I come from))then your bottom line is going to look a bit pekid.
If you're a non-executive or non-employee shareholder of Goldman Sucks you might want to take it up with Lord Blankfein as to why he's keeping all the pelf for hisownself and sharing little if any with the stockholders or carefully boosting retained earnings instead of shoveling into personal investments in rare earths,uranium, gold bars,at beautiful wimmen, for Andy Warhol's lame but $40,000,000 graphics of--- what else--dollar bills, and collecting Keith Richards' guitars.
But the taxpayers will likely get some of the 21 billions in income taxes in April, right? Right? Mr. Blankfein, are you there?
or may be those employees know that their ponzi is about to pop,so they have decided to convert their options and holdings into gold?. Borrowing from Janet:Dear Mr. Buffet:you better cash in those warrants,before the going gets tough,and you end up holding the bag for your buddies at GS. You don't want to end up like last year,when you held up the oil bag for them after they pumped up oil to $145,and then dumped COP into your lap.
the GS stockholders are chumps. they are getting rolled.
When you own the goverment you have what they call a government put.
Put that in Wkipedia.
Another factor might be that the stock bottomed in November, 2008. So, insiders who got in at that time are now selling, and, of course, short-selling, because they qualify for the long-term capital gains rate.
I love talking about GS. I posted a chart with an arrow at the point that the CEO said that banks do the work of Gods. http://www.graspthemarket.com/articles/20091115a.php
Not that technical, but interesting. I hope that people, includind me, will hold him and his stock price accountable for that comment. I will post an updated chart probably in a few weeks or month to reflect any changes.