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Talk From The Pits: Goldman Sold 1,000 Large S&Ps Earlier

Tyler Durden's picture




 

From the open outcry pits:

Goldman sold 1,000 big SP today over 1,200.00.  Was it just a hedge because they KNEW the SEC would do nail them to the cross?  Is that insider trading?  Who knows how many tens of thousands they sold in the ES?

We can hope the SEC still hasn't blocked Zero Hedge and is reading these very pertinent questions.

 

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Fri, 04/16/2010 - 14:58 | 304477 Orly
Orly's picture

But Goldman was mentioned positively at Citigroup!  Why would they bail now?  The ride is just getting started.

Fri, 04/16/2010 - 14:59 | 304484 buzzsaw99
buzzsaw99's picture

Hell I could have told you that and I've never been near nyc.

Fri, 04/16/2010 - 15:13 | 304495 carbonmutant
carbonmutant's picture

There are  a lot of things Goldman can short in this market and make money without shorting itself.

 

Fri, 04/16/2010 - 15:52 | 304575 -1Delta
-1Delta's picture

+1

Fri, 04/16/2010 - 15:15 | 304500 Profit Prophet
Profit Prophet's picture

But, but, but..... Dick Bove said it was time to load up!

LOL!

Fri, 04/16/2010 - 15:42 | 304553 Cognitive Dissonance
Cognitive Dissonance's picture

I was wondering why every pump artist was out all week pushing the financials.......plus using the financial push to push everything else. Now we know why.

Fri, 04/16/2010 - 15:18 | 304501 Spartacus
Spartacus's picture

TYLER ARE YOU LISTENING???

 

It was very difficult to access zerohedge from here.

I am sure something is fishy. Be careful mate.

God bless. Good Luck. We will win. When the suckers

are put out of the business, we will have a better

world.God Bless You all.

Fri, 04/16/2010 - 15:44 | 304557 VegasBD
VegasBD's picture

Everyone thats even heard of ZH prolly hit the site today when the news broke, slamming their servers/connection. Stop being so paranoid. I doubt GS hired chinese hackers to shut down a website they dont like. Yet.

Sat, 04/17/2010 - 13:36 | 305788 Dirtt
Dirtt's picture

Stop being so paranoid?

Now you tell me.  I just pitched tent on the grassy knoll.

Fri, 04/16/2010 - 17:21 | 304750 cougar_w
cougar_w's picture

If GS wanted to take down ZH they would use the courts.

Website DoS is for noobs.

Fri, 04/16/2010 - 15:20 | 304503 buzzsaw99
buzzsaw99's picture

GS & the SEC involved in insider trading this very morning.

Fri, 04/16/2010 - 16:25 | 304638 DB Cooper
DB Cooper's picture

But GS "is on both sides of many transactions and one GS trader can't know what another GS trader is doing"  yeah - right.

Fri, 04/16/2010 - 15:21 | 304504 Carl Spackler
Carl Spackler's picture

Is this Lloyd's "next move" or are we still waiting for Lloyd's next move?

Fri, 04/16/2010 - 15:26 | 304512 wagefreedom
wagefreedom's picture

Keep it up Tyler. Please.

Fri, 04/16/2010 - 15:26 | 304513 TraderMark
TraderMark's picture

Who is Sylvain Raynes and how did he make it past CNBC censors?  Did he not know that Jim Cramer may only be undressed on Comedy Central's Daily Show and not on GE's corporate mouthpiece?

Perhaps the most entertaining video on CNBC since Jeff Macke saw car people - I'm waiting on the video... will CNBC dare post it so the financial blogosphere can watch in shock and awe?

http://www.fundmymutualfund.com/2010/04/who-is-sylvain-raynes-and-how-di...

Fri, 04/16/2010 - 16:00 | 304589 cossack55
cossack55's picture

the video is up on your link in the comments section via youtube.  It is great.

Fri, 04/16/2010 - 16:03 | 304593 CD
CD's picture

Here is the video, from the comments section on the site linked above:

http://www.youtube.com/watch?v=_AWktx-tCZg

Fun starts at 3:05 or so. 

Fri, 04/16/2010 - 15:31 | 304528 InstantWinner
InstantWinner's picture

Those stupid bastards can only make money if they lie, cheat or get free money and zero interest rates.  What a pack of losers!

Fri, 04/16/2010 - 16:27 | 304643 DB Cooper
DB Cooper's picture

hosers

Fri, 04/16/2010 - 17:22 | 304752 Pure Evil
Pure Evil's picture

 posers

Fri, 04/16/2010 - 19:49 | 304962 MarketTruth
MarketTruth's picture

Tossers

Sat, 04/17/2010 - 06:11 | 305389 gatopeich
gatopeich's picture

But cheating and lying has been in the root of the "American Dream" all the way... Think of how they bought Manhattan with worthless shiny stones.

Will ever be an awakening?

Sat, 04/17/2010 - 06:11 | 305390 gatopeich
gatopeich's picture

But cheating and lying has been in the root of the "American Dream" all the way... Think of how they bought Manhattan with worthless shiny stones.

Will ever be an awakening?

Fri, 04/16/2010 - 15:40 | 304546 zeroman
zeroman's picture

SURELY THEY KNEW THE RELEASE WAS COMING. OF COURSE THEY HAD INSIDE INFO. THIS IS HOW THEY LIVE THEIR LIVES. THINK ABOUT IT. OBAMA AND THE BANKERS MET IN FEBRUARY OF 09.OBAMA TOLD EVERYONE HE THOUGHT IT WAS A GOOD TIME TO BUY STOCKS. THE MARKET RALLIED 70%. WHAT PICTURE DO THE MORON'S NOT GET? THIS IS A MANIPULATED PONZI SCHEME. THEY HAVE TO LOOK TOUGH ON GS OR GOVERNMENT SACHS SO WE BELIEVE THEY ARE DOING THEIR JOB FOR US

Fri, 04/16/2010 - 15:50 | 304571 Hansel
Hansel's picture

What did you say?  I couldn't hear you.

Fri, 04/16/2010 - 17:10 | 304735 earnyermoney
earnyermoney's picture

local news last night reported Obama earned in excess of $5 M last year. No questions on how he earned this income. Bet every person in his administration cleaned up last year after positioning themselves in front of his call to "Buy Stocks". Then use the power of the Executive Branch to enrich yourself and screw your enemies.

Fri, 04/16/2010 - 18:36 | 304863 Cognitive Dissonance
Fri, 04/16/2010 - 15:42 | 304552 BlackBeard
BlackBeard's picture

SEC read? your'e too hopeful Durden.  They only left click on pictures of chicks with dicks.

Fri, 04/16/2010 - 17:28 | 304763 Pure Evil
Pure Evil's picture

You mean hermaphrodites right?

They probably also chase down the trans-gendered trans-sexuals, or anything from NAMBLA. I also heard beastiality was the hot left button clicker.

I sincerly doubt the SEC has that much ambition to go further than they've proceeded so far. They probably intend on riding this burro as far as it will take them before they ride it into the dust and look for another reason to exist.

Fri, 04/16/2010 - 15:47 | 304563 SheepDog-One
SheepDog-One's picture

The only reason for a collusive pump is the eventual dump. This 1 trick pony print and pump market has lost its credibility, not that much existed in the first place!

Remember, for months now the market rule has been 'buy anything, it can only go up'...you so sure now?

Im not, I say they dump it off and try to create lots of panic for the final bailout 2.0. Get the last of the money, and BK the country totaly! 

What do people think, this is just a game of happenstance with no goal in mind?

Fri, 04/16/2010 - 15:50 | 304570 Bear
Bear's picture

This will get lost in all the other shenanigans ... it probably has happened so many time before that no one could track them all ... that is without a lawsuit

Fri, 04/16/2010 - 15:56 | 304581 -1Delta
-1Delta's picture

buy buy buy .......... the vix

Fri, 04/16/2010 - 16:01 | 304592 homersimpson
homersimpson's picture

Hey Tyler - care to post a pic of the volume today with the ^DJI and ^GSPC taking hits today? I need some financial pr0n before the weekend strikes..

Fri, 04/16/2010 - 16:03 | 304597 Miramanee
Miramanee's picture

And someone in the SEC is getting rich today too. Payola goes both ways baby.

Fri, 04/16/2010 - 16:25 | 304641 fUny1
fUny1's picture

Goldman was also buying their own stock's put options and selling the calls in the same process and bribing someone at the SEC for timing the civil suit on an options expiration day. Only in America can you profit from a black eye against your own company.

http://funy1.blogspot.com/2010/04/would-would-sec-charge-goldman-sachs-o...

Fri, 04/16/2010 - 16:26 | 304642 twotraps
twotraps's picture

-1,000 S&P's won't cover it mate.

Fri, 04/16/2010 - 18:54 | 304883 omi
omi's picture

Everyone was short since yesterday!

Let's see what this headline is about

"OMG!!! GOLDMAN SOLD 1000 BIG SP FUTES IN THE PITS! CLEARLY MARKET MANIPULATION!"

...at least that's what I'm getting.

 

Let's see. Big SP contract is 5 SP eminis. Average volume on ES eminis is in 1M - 1.5M range. So 5000 ES eminis is at most 0.5% of the volume.

 

Common ZH! you can do better.

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