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Guess Who Was Buying HNZ Stock From Its Clients
An investment bank having a Sell rating on a stock? Usually an unheard of thing: why alienate the management, why prevent future banking business - it's not like banks are ethical creatures - and sure enough in this particular case, the bank in question had sell recos on just 14% of the stocks in its coverage universe. Which begs the question: what does a Sell rating really accomplish? Well, in this case, and in all such cases, it merely provides the firm's prop, pardon flow, traders the opportunity to accumulate the shares its "clients" are advised by the same bank's sellside group to Sell, preferably to the bank in question. Who are we talking about? Take a wild guess...
Bottom line: 20% gain for Goldman's prop traders who bought all the HNZ stock they indirectly "advised" their client counterparts to sell to them.
Is it time to buy all other Goldman "Sells" on imminent Buffet takeovers?
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I shall short Goldman.
I'm glad it was Government Sachs. I was afraid there was another firm out there trying to fuck everyone over. What? There ARE other firms? Well, shit. My faith in the whole system...oh nevermind. I never really did think much of TBTF and fascism.
http://www.youtube.com/watch?v=42cRLsZ4Qmw
That these fuckers have "clients" is a tribute to human stupidity.
"Stupid greed is as stupid greed does." --Mamma Gump
"Nest of schemin' bastards!" - Braveheart
couldn't agree on the color of shite!!
The appearance of the law must be upheld, Especially when it's being broken
the beauty of the advice is that the analysis is spot-on
it's just that the recommendation came a bit early
perhaps could have been tweaked to say "sell *after* the transitory bump that will result from
fed --> banks --> berkshire --> hnzHolders
kike job.
Greed is the fear of missing out.
more powerful than the fear of getting F**ked
GS sorted this by making sure they have no fear to deal with
1. use other peoples money
2. tell govts what to do, have your people in govt
3. have cash in your pocket - govt cash, investor cash, tax break cash, any which way you can get it cash....
4. do god's work
A Simple redistribution of wealth from the top down.
Now all you who think something, one day, will happen to these bums best read your broker agreement. If you buy one share of stock, you are considered a 'professional' and the broker has the right to choose the arborator and require YOU to surrender all finincial documents ( ALL not just with the brokerage) for the last 10 years including your bank records, credit cards, etc.. Think I am kidding? This is why ZIP has happened.
Buffett is no better than Goldman - America's "Favorite" investor has blood on his hands. Dont buy any of this "Buffett Investing" crap...
I stopped drinking Coke and later all soda, Switched from colgate toothpaste to other brands, bought an electric razor so i don't have to pay Gilette, don't eat at Mcdnalds, yanked my money from wells fargo and now I can stop buying Heinz Ketchup. Fuck u Buffet, bernanke, JPM et al. I'm doing my part. If 20% of the population did what i did this shit ends in 3-4 quarters. Stop spending your money in conglomerates and buy local even if it is a bit more. I get the satisfaction of knowing at least I'm helping a local business owner rather then some fat cat with an enormous salary, bonus and golden parachute if he/she fucks things up. Still trying to save on oil and gas. I'll figure it out eventually
I thought about boycotting Heinz ketchup (catsup) until I realized I haven't bought it in years... I get it from free restauraunt packets...
Better yet, if 20% of the population would turn off the boob tube. Just think if the constant flow of MSM propaganda, commercials and hollywood's version of reality were cut off. TPTB would be in a fix.
well, when you are a pro politician and you needs to be re-elected every coupla years....who you gonna call? those elections take money....the more you be corrupt, the more money you need to gloss that over and sling more mud at any opposition. so at the day's end you got a sorta defacto facism in place....those with the gold make da rule.
Why not short CPB?
Anybody look at MDLZ 's balance sheet ? Did they get saddled with all the debt from the Kraft spin-off leaving the parent debt free ?
MY BIG question IS.....what the hell has Heinz got worth this price???? Did the old fart lose this mind? Or was this to get some money into some political hands nice and clean?
New Pope confirmed
http://eisema.tumblr.com/post/42837970829/the-new-pope-d
11. Thou shalt Bunga
12. do as we say not as we do.
I did not know Berlesconi was into little boys!
Principal versus Agency, bitchezzz.
that effin geezer really getting on my nerves.
There is no injustice in a wolf acting like a wolf.
There is only ignorance in the belief that a wolf will not act like a wolf.
like a stihl chainsaw, after third pull and little varoom, that would be your sell signal, or well you know what the chainsaw will do....
Only a fool would ask a pack of wolves where to winter his sheep.
Glass-Steagall was to help protect some of the foolish sheep, and we know what the wolves did to that sheepdog.
The real question is what will be done to deal with the wolf problem?
The wolf problem will continue as long as campaign contributions are bribery is legal and a select few control the money and the elections.
a nice deterrent is to piss all around your boundary line.
What happens to wolves who raid the herd one too many times.
http://news.nationalgeographic.com/news/bigphotos/images/070205-gray-wol...
Bad news: all the sheepdogs have been killed, the ranchers have been disarmed, and poison is outlawed.
Don't be a sheep.
Do blame the lawmakers that didn't prosecute the murderers, disarmed the ranchers, and outlawed poison. HOLD THEM ACCOUNTABLE.
This will continue as long as campaign contributions are bribery is legal.
Unless it's a coyote
being a wolf = acting like a wolf = doing gods work
Yes, but which God?
So I suppose I'm not ignorant by believing the SEC will do nothing about this?
As regarding the Wolves... ?
Read Synagogue Rising!
www.synagoguerising.com
Hold it, Own it, Bitchezz..
Edit: for my down voter - the House ALWAYS wins. Go back to your casino, fucking heroin addicts.
Muppets get wiped out again!!!! LOLZ
Surely you mean "sophisticated investors".
Classic, Kermit strung out on heroin in the gutter
You know, that was the image in my brain when I read the title. But it wasn't a dead Kermit, it was a sodomized one. Call it...., Muppet rape.
Fuck you Goldman. Fucking assholes. You all should be in fucking prison getting your asses torn open while holding fucking hand with Madoff. You fucking pig balls sucking pricks.
are you angry?
thinking soup is being nice today.
you will know nice is over when the question is: is it safe? as the drill revs up.
So Muppets like holding Goldman's Sack?
Caveat venditor
Insider Trading alert...ding ding ding.
"all your foreign policy is ours." I think in protest all zh'ers should stop buying anything that costs more than a dollar. We should also advertise only for things that cost a dollar...or less. "attack the cartel one penny at a time."
Carefull ringing that bell.......you might wake someone up at the SEC!
In case you haven't noticed, it's not insider trading when Goldman does it.
For some God awful reason the muppets will continue to keep their money with them.
It's a beautiful scam- if they're ever called to the mat on it, they can plead stupidity..... Pure Goldman.....
My drug dealer has more ethics than golman saks
by clients you meant "muppets" right??
It's a case of what's good for the joos, is not good for the gander.
the jooz can kiss 23% of my azz
"It's a case of what's good for the joos, is not good for the gander"
This wouldn't have anything to do with the reason the jews have been kicked out of nearly every country in Europe over the last 2000 yrs would it??
109 Locations whence Jews have been Expelled since AD250In this day and age it's impossible for SEC to regulate the flow of insider information. People simply have to accept that stock market is not a place to put your savings.
Very true, too many dirtbags to keep an eye on. And anyone willing to jump into the den of thieves deserves to get done dry.
Baloney. If the crooks that caused the financial crisis had been prosecuted and made to do hard time along side of Bubba, others might not be so quick to cheat seeing that there could be harsh consequences.
Take a wild guess? Hmmn. Lets see . . .
. . . how about,
Mabus?
The anti-christ superstar?
Beezlebum?
Da Bernank?
Isn't "Da Bernank" an order of demons in the Marriner Eccles chamber in the pit of Hell? I'm sure if we sift through some ancient Talmudic texts or ancient Greek/Latin texts of the Holy Bible, we'll find him mentioned somewhere in there...
Have no fear... No jews were harmed in this operation...
No beard...clearly St. Valentine's '12.
Check out the expressions of exertion -- WB7, this should have been accompanied by a "coffee/keyboard" warning.
Wait this time it is different. Nah the game never changes.
well at 28 billion and a P/E >30 they better be NO world wide depression in the coming five years; that P/E is like for Amazon.
This strikes me as a play by Buffett to hedge against rising interest rate risk. Consumer products tend to do well in such environments, due to inelasticity of demand.
Love those tattoos banzai7. Guys gotta acessorize, ya know.
Have no fear Super Moe will save the day. That kermit picture is priceless,
Do Goldman still have clients, really, I mean seriously, really. Fuckin' unbelievable.
hey you can have it back now. /sarc
Sorry, off topic,but... I know it has been asked before, but... I havent seen a fix, or change in settings to STOP THESE DAMN POPUPS!!! Please, Tyler.... anyone?
You have spyware.
Enable pop up blocker
Worst case: two years from now the squid will have to pay five percent of its profit on the position and blame it on a junior rogue analyst.
I wonder how much HNZ stock Mr. Obama acquired for his "blind" trust?
1,000 shares for each of the "57" states...
Goldmung Slacks slays more Muppets!
Don't think they had any inside information, do ya?
didn't uncle warren once own some nice shares of GS?
http://www.forbes.com/sites/afontevecchia/2011/07/07/warren-buffett-to-exercise-5b-goldman-sachs-warrants-in-2013/
didn't uncle warren once own some nice shares of GS?
My favorite line from the cited article:
"Buffett will continue to benefit from his $5 billion investment in Goldman Sachs during the financial crisis."
yep, he won't invest in internet stocks because he doesn't "understand them", but the wiley old prick sure does understand fraud!
But isn't that sort of illegal that they offer advice but are actually doing the opposite? Why are banks allowed to do illegal acts all over the planet ?
"Why are banks allowed to do illegal acts all over the planet ?"
Cause the Rothchild jews control the world. And if you complain they'll call you an 'anti-semite' !
(Even though they are turks and mongols and are NOT semitic, doesn't matter.)
"[The world] forgets, in its ignorance and narrowness
of heart, that when we sink, we become a revolutionaryproletariat, the subordinate officers of the revolutionaryparty; when we rise, there rises also the terrible power of thepurse." (The Jewish State, New York, 1917) "I am afraid the ordinary citizen will not like to betold that the banks can, and do, create money...And they whocontrol the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people." (Reginald McKenna, former Chancellor of the Exchequer, January 24, 1924)www.synagoguerising.comOnly 14% sells.....yet we are to believe one of those 14% , was Heinz......who just happened to get bought out by Becky Quick
Thanks Tylers. Your quest to liberate opprressed knowledge has turned GS into low hanging fruit. Outrageous but not surprising.
Does this mean i have to switch to Hunts ketchup?
Red Gold
God has made another BIG score !!!!
What a long strange trip its been, freek show daisy chain - you can't make this stuff up......
Buffet in bed with Blankfein and Becky, please don't turn on the lights.
Either coincidence or fraud. And i don´t believe in coincidences
Somebody show me where Goldman is indicated to be an advisor to any party in this transaction?
This post would make more sense if they were involvved in the deal, but alas, BoA and JPM and Well Fargo are the only firms listed.
With all due respect, don't be naive.
Dude, the fucking GS analyst had a fucking SELL rating on this stock since June of 2011--I would tell you to look at your Bloomberg Terminal, but clearly you get your info from Yahoo Finance.
So are you telling me the the GS prop desk was accumulating HNZ for nearly two fucking years in anticipation of this deal?
You guys are fucking amateurs.
You make a valid argument in pointing out GS's sell reco date, however that was not your original premise. You wrote that GS was not part of the deal and that it would make more sense if they were involved with the other M&A advisors. This statement implied, in my opinion, that GS would not be privy to the information flow concerning the deal. I was just pointing out the fallacy of that premise.
In my day, two former colleagues would get together for drinks at Harry's and that's all it would take to get the information from one firm to another. These days it's probably Ulysses on Pearl St. Having worked in M&A on the Street for over 17 years and then finally setting up my own shop in 2000, I speak from experience, not as an amateur. So next time make your strongest point first, because it was a good one, rather than saving it as a straw man argument after the fact.
And you are an apoligist for a rogue operation that would have been in dire straits without a taxpayer funded bailout enabled by Goldman's government insiders.
http://dailybail.com/home/bombshell-report-goldman-sachs-got-billions-fr...
and Lazard
Kerry text to Lavrov: Like that action? Answer the phone next time I call, prick.
(edit) Wrong thread
Jeez, this happens all the time, so what's new...
I saw your muppet and your muppets dead...
http://www.youtube.com/watch?v=ngimUsQb2_g
The culprit here is the Fed which is owned by banks such as Goldman. And the Keynesian policies and hands off regulations are rubber stamps for transactions like this.
Bingo!
Without the FED providing debt slave (taxpayer) money to prop these crony capitalists and their inside deals - people like Buffet, Kerry, and Blankfein might actually have to work for a living (egads!).
GS analyst Jason English had a SELL on this stock since 5/31/11 and never changed his rating, so how the fuck can one conclude that GS was scamming its clients?
They fuck clients all the time, but throwing up the latest SELL report and claiming that is the smoking gun for fraud and front running makes no sense.
Had he went from a BUY to a SELL a few months ago, then yeah, you could make that case, but not when the SELL rating has been in place for fucking years.
Fucking donkeys, that is why the average ZH reader is a fucking dolt and a sheep and a smegma licking fuckstick amateur that takes every post here as fucking gospel.
Wake up sheep.
The note appears to have been put out on February 10, 2013...to sell hnz and buy something else. Regardless, you should've stopped with your third paragraph. The gratuitous extrapolation expressed in your last two pretty much mirrored what you were complaining about wrt the article.
Eh?
Yes, GS was telling clients to sell, so they could buy more at the lower price, and today - now that it is up 20% - they will be selling what they bought from the clients at $56-$58/share for $72.50/share.
Cha-Ching!
And they were telling clients to sell because GS knew the Buffet/3G deal was coming.
And since 5/31/2011 the stock has gone from $53 to $60 (right before the deal was announced).
So...Jason English screwed GS clients coming and going.
Capiche?
Ahh, no, again you don't know what the fuck you are talking about because GS ratings for this and all stocks are relative to the sector not the S&P as a whole--read that again RELATIVE TO THE SECTOR.
HNZ underperformed the Food Beverage and Tobacco group significantly the entire time this guy had the sell rating which meant he got it right, but of course, that is a detail your feeble mind can't grasp because you think you are a BSD because you inhabit the Yahoo stock boards.
Ummm cone _head - So following your lucid argumnet... HNZ was a Sell RELATIVE TO THE SECTOR....until it wasn't.....
So the GS analyst was right? Only in your universe dude.
Sounds like you sold a bunch of HNZ at $56 and now you are bitter about it (?).
GS issuing recommendations RELATIVE TO THE SECTOR provides a nice smoke screen for inside deals involving single stocks, eh?
Quit being a clown....If you're so astute then you wouldn't be complaining like a school girl ditched but would have made money like the rest of us...
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I knew me days were numbered!
But that's not me! You got my body double!
I'm loose, from the noose!
There are @$$௣#$ and then there is ZeroHedge! A whole bouquet of arseholes you is!
I love you!
Keep printing the truth! You stand for something that as Orwell said,
"In a time of universal deceit - telling the truth is a revolutionary act."
Gawd, they must just hate your F@#$ing guts!
•J-<
V-V
And the govt' is going after S&P for doing what goldman does as part of their business plan?!?
Holy #uck you guys are funny! I almost spouted coffee through my nose... the commentary by my fellow heathens are also hysterical... I love the "No Jews were harmed in this operation..."
ZH - what a place to surf and hang. Now back to my client work. Ha ha...
Doesn't Buffet still own that GS preferred stock???
Wanted: Osama Bin Blankfeind
the rigged market is just too funny now. how much more corrupt can this get....?
I truly hate these cocksuckers. I simply can't take it anymore. Fear and loathing in America. Grab some sanity here. http://thecivillibertarian.blogspot.com/2013/02/hunter-thompson-had-it-r...
cool link thanks!
Buffett's next genius move will be to buy the pension-benefit INCREDIBLY pre-paid out of current cash-flow USPS after Goldmen figure a faster way to lay it down. I-95 is on the drawing board.
His bet is controlling the infrastucture and denying Evolution by betting huge on the stallwarts(sic). History is on his side, you get to choose the color of the condiments and select the number of blades in your razor. Then back to his plutocratic plantation for the j-ojob.
Flip that Muppet !!
I hear that Miss Piggy likes Goldman's Sack
Much like the dis-information crew at CNBC. Follow those numpties recommendations at your own risk.
have and must to see: http://trendybull777.blog.com/2013/02/14/stop-investingstart-createthink... "I love to travel,I love to be sponsored,I love things for free just because I'm a chick..."The other forms of prostitutes the Matrix try to keep going while prostitutes loosing jobs because rich corporative clients and bankers gettin hair cuts.Babies,you soon belong to the working class and taking water to home from the 10km long by step :)))))))))) Matrix should be reloaded: http://www.travelgirls.com/ad/je03ad61/?matchtype=&creativeid=1538580506...
Mr. Durden, google for what "begs the question" means.