Goldman Sachs (GS) 02 (May 10 - Dec 24)

Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Sat Sep 17, 2011 7:43 am

HOT: Goldman, Sachs Acted as Exclusive Financial Advisor to Solyndra.

When it comes to government money, it's always about insiders running circles around the government money and pocketing a piece. Don't ever forget that. And usually, there is a crony investment banker as part of the program.

On March 20, 2009, the Obama connected and now infamous Solyndra, Inc. announced that it was the first company to receive an offer for a U.S. Department of Energy loan guarantee under Title XVII of the Energy Policy Act of 2005.

Solyndra said in the announcement that it would use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.

The press release closes this way:

Goldman, Sachs & Co. acted as exclusive financial advisor to Solyndra in connection with this loan guarantee application.

At the time, Goldman was in the good graces of the White House, though perhaps not so at present.

Replacing Goldman as investment banking friends of the White House are JPMorgan headed by Jamie "Obama's favorite banker" Dimon and UBS man, Bob Wolf.

It should be noted the next "public-private" scam to be hoisted on American taxpayers (which will in part replace the solar scam) is the infrastructure scam, which is being pushed hard by Wolf.

http://www.economicpolicyjournal.com/20 ... usive.html
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Tue Oct 11, 2011 8:23 pm

Goldman Sachs May Post Third-Quarter Loss: Citi

(Reuters) - Goldman Sachs Group Inc <GS.N> will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan’s history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Tue Oct 18, 2011 8:34 pm

not vested

Goldman loses $428 million in third quarter

(Reuters) - Goldman Sachs Group Inc lost $428 million during the third quarter, only its second quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets

http://www.reuters.com/article/2011/10/ ... pnewsearly
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby kennynah » Tue Oct 18, 2011 8:35 pm

they oso can lose money ah.... surprise surprise...
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Tue Oct 18, 2011 9:13 pm

Losing money is ok as long as the stock price is up.

Now up 1.4% ...
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Wed Oct 19, 2011 7:51 pm

A SLIVER OF DAYLIGHT FOR THE FINANCIALS

Financial stocks are finally getting a sliver of daylight.

Most readers know big financial firms like Bank of America, Citigroup, and Goldman Sachs are suffering a dark 2011.

The sector is plagued with increased regulation, customer hatred, and a declining mortgage market. All this has caused 50% declines in many of the sector's biggest names.

Yesterday, leading Wall Street investment bank Goldman Sachs told investors that it lost hundreds of millions of dollars last quarter. It's "not so great" news compared to the "great" news Goldman typically reports.

But as you can see from today's chart, this bad news isn't harming Goldman shares. It's helping it. The stock staged a powerful rally to reach its highest level in three weeks.

There are still plenty of valid concerns about U.S. financial firms, but this super price action is a ray of sunlight. These days, the likes of Goldman Sachs will take every bit of that it can get.

Source: Daily Wealth
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby kennynah » Wed Jan 18, 2012 8:56 pm

a possible market mover..

GS reporting results on wed session
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby iam802 » Wed Jan 18, 2012 10:51 pm

Goldman Sachs posts $1 billion profit

http://money.cnn.com/2012/01/18/markets ... /index.htm

NEW YORK (CNNMoney) -- Goldman Sachs reported a fourth-quarter profit of about $1 billion on Wednesday, reversing a loss from the third quarter and topping expectations. But the company's revenue declined from a year ago and missed analysts' forecasts.

Goldman (GS, Fortune 500) reported diluted earnings per share of $1.84 for the fourth quarter. Analysts were expecting a diluted profit of $1.24 a share. Net income totaled $978 million in the fourth quarter, compared to a loss of $428 million in the third quarter. Goldman earned more than $2.2 billion in the fourth quarter of 2010.

The investment bank reported net revenues of slightly more than $6 billion for the fourth quarter, up from $3.6 billion in the third quarter but down from $8.6 billion a year ago. Analysts had expected Goldman to report revenue of about $6.5 billion.

Goldman said that net revenues in investment banking were down 43% in the fourth quarter to $857 million, compared to last year. The prime culprit was a decline in mergers and acquisitions.
However, Goldman CEO Lloyd Blankfein said in a statement that it was seeing "encouraging" signs of improvement in the markets and economy. Shares of Goldman rose nearly 2% in pre-market trading.

Goldman, a firm known for its annual bonuses, also reported a decline in compensation and benefits of 21% in 2011, to $12.2 billion, compared to the year before.


...
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby kennynah » Wed Jan 18, 2012 11:12 pm

iam802 wrote:Goldman Sachs posts $1 billion profit


amazing, isn't it?

and just look at temasek's performance. how can we allow some one who is not professionally trained and skilled in investments to helm our treasure chest? just becos she is familee? outrageously ridiculous :!: :!:
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby iam802 » Thu Feb 02, 2012 12:01 pm

A setup that it will not breakout of the 'W'

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Image


It has been challenging to get some wins off short position with this market that still refuse to retrace.

Here’s another setup that I am looking to short.

We can see from the chart that :

1. A ‘W’ is forming on $GS . However, it is facing resistance from the Chikou Span way back from November 2011.

2. At this moment, this is not a good time to establish a long position as it has run up by so much. We can see from the RSI that it is reaching ‘overbought’ situation and the Force Index has shown that it is in bullish territories for quite some time.

Image

Next, we can see from the Weekly chart that $GS is still trading below the kumo; a sign that it is still bearish.

We can also see that the Chikou Span is about to hit the price level ‘forming the W’ follow by the Tenkan sen and Kijun sen on the Weekly Chart.

I will look for a short vertical call spread for $GS and hopefully, it goes as planned.
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