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

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

Postby iam802 » Tue Feb 14, 2012 10:36 pm

Short GS
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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

Postby kennynah » Wed Feb 15, 2012 12:09 am

祝你好运 :) 发发 阿

iam802 wrote:Short GS
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby winston » Wed Feb 15, 2012 6:55 am

iam802 wrote:Short GS


1. I think they gave out a lot of options, at close to the range low

2. And if I'm shorting, I prefer to short a small, dying company, instead of a brand-name in a cartel. In addition, a few of their competitors have been taken out in Investment Banking industry.
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 11)

Postby iam802 » Thu Feb 16, 2012 1:51 pm

My views on banks in general (have I said this before??) :

1. Interest rates near zero. Very little room to earn from interest rates or fixed income area.

2. Leverage on assets limited. More regulation to improve capital ratio reduce leverage on assets.

3. Remove/reduce toxic products

Without interest rates and leverage, what can a bank do? More toxic products? Unlikely.


-----
UPDATE: Moody's Eyes BofA, Citi, Goldman For Possible Cut

http://online.wsj.com/article/BT-CO-201 ... 21447.html

--Moody's sees investment banking profitability diminished longer term

--Says "unexpected losses...can overwhelm the resources" of even large banks

--"Some of these risks have been partly mitigated...but they have not been eliminated," Moody's says

--Citi: Bank "has made significant progress" in restoring capital and liquidity

(Updates throughout, including with statement from Citi in 11th paragraph.)


By Drew FitzGerald and Matthias Rieker
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--In the latest setback for investment banking, Moody's Investors Service placed the ratings of Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS) and three other global financial institutions on review for possible downgrade because it says the business' profitability will be diminished longer term.

Moody's also said Wednesday it is reviewing J.P. Morgan Chase & Co. (JPM), Morgan Stanley (MS) and Royal Bank of Canada (RY, RY.T) for possible downgrade. Seven other financial firms' reviews were extended Wednesday as part of a separate ratings action on European banks, while four more had other negative reviews extended.

Revenue and profits from capital markets businesses, made up of securities trading and underwriting and financial advice to corporations about mergers and acquisitions, make up a big part of the overall earnings at Bank of America, Citi and J.P. Morgan, and are essentially the entire business of Goldman Sachs and Morgan Stanley.

The ratings firm cites new economic and regulatory challenges that could dim the banks' future growth prospects. Capital markets firms are confronting "more fragile funding conditions, wider credit spreads, increased regulatory burdens and more difficult operating conditions," along with "inherent vulnerabilities" and "opacity of risk," the ratings firm said.

Moody's last year adjusted the ratings of big banks because it no longer believes banks would get the same help from governments that they did during the 2008 financial crisis if they got into trouble again.

Regulators, meanwhile, have curbed the investment banking business somewhat, particularly proprietary trading--a business where banks trade on their own account rather than for their customers. Also, investor concerns about the European debt crisis have damaged world-wide capital markets and dented profits from securities trading and underwriting in the second half of last year.

Moody's said it at first expected the banks' standalone credit profiles to recover after the acute phase of the 2008 financial crisis had passed, but it now sees those challenges as ongoing structural problems for global investment banks.

...
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby iam802 » Fri Feb 17, 2012 12:31 am

Goldman Sachs being kicked out of an IPO exercise ..

--


GCT SEMICONDUCTOR BOOTS GOLDMAN SACHS

http://www.insideipo.com/2012/02/gct-se ... man-sachs/
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby winston » Tue Mar 06, 2012 6:24 pm

Goldman’s Asia Unit Lost Money First Time Since 2008 on Soured Stock Bets By Christine Harper

Goldman Sachs Group Inc. (GS) lost money in Asia last year for the first time since 2008, as the Wall Street firm’s stock investments in the region, led by a holding in China’s biggest bank, backfired.

A 46 percent decline in Asia revenue compared with 2010 was driven by markdowns on the company’s stakes in public equities, the firm disclosed in its annual 10-K filing with the U.S. Securities and Exchange Commission.

The bank lost $103 million in the region, compared with a $2.08 billion profit a year earlier, according to the New York-based company.

The figures illustrate how losses in Goldman Sachs’s Investing & Lending unit, which makes so-called principal investments with the company’s own money, can surpass the bank’s revenue from working with clients. Goldman Sachs bankers in Asia won first place among equity underwriters and takeover advisers last year, according to data compiled by Bloomberg.

http://www.bloomberg.com/news/2012-03-0 ... -bets.html
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby profittaker » Wed Mar 14, 2012 10:07 pm

learning to swim. Welcome to comment on my Options trading journal
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby iam802 » Mon Jun 11, 2012 10:27 pm

Seems to me,..all signs points to a flat financial market in the years to come.

--
Goldman Sachs May Sell A Hedge Fund Division To State Street

http://www.bloomberg.com/news/2012-06-1 ... treet.html
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby Muhajir » Tue Jun 12, 2012 5:40 am

"Goldman Sachs Rules the World"??? whatever happened to that?
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Re: Goldman Sachs (GS) 02 (May 10 - Dec 12)

Postby kennynah » Tue Jun 12, 2012 7:04 pm

Muhajir wrote:"Goldman Sachs Rules the World"??? whatever happened to that?


Now, it's Greece's turn
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