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Old 02-14-2013, 10:35 AM   #1
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REPORT: GOLDMAN SACHS advises clients to sell stock -- then buys it

Gotta love TBTJ..

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...

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Old 02-14-2013, 10:46 AM   #2
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I'm dense and don't get it. Explain further.
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Old 02-14-2013, 10:52 AM   #3
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I'm dense and don't get it. Explain further.
No offense Tex, but I don't think there is a living person on this planet that can explain this to you.
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Old 02-14-2013, 11:08 AM   #4
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What raised my eybrows was the fact that it was Food and Packaging. Are these tied to commodities?
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Old 02-14-2013, 11:36 AM   #5
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No offense Tex, but I don't think there is a living person on this planet that can explain this to you.
I'm not sure what that means either, but no offense taken. One nice thing about being dense is you often don't know when you've been insulted.
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Old 02-14-2013, 11:40 AM   #6
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I'm not sure what that means either, but no offense taken. One nice thing about being dense is you often don't know when you've been insulted.
I really wasn't trying to offend. This is just another part of the completely corrupt financial system that brought about the crisis that raped us all senseless and put the next 3 generations of Americans in debt up to their eyeballs. We have discussed that many times and you have never found fault with it, so I see no reason why you would start now.
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Old 02-14-2013, 11:44 AM   #7
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I really wasn't trying to offend. This is just another part of the completely corrupt financial system that brought about the crisis that raped us all senseless and put the next 3 generations of Americans in debt up to their eyeballs. We have discussed that many times and you have never found fault with it, so I see no reason why you would start now.
Oh, I know that, but my first question was sincere. I'm not a student of the financial system, and I couldn't figure out from the post what the bank did wrong. Banks making money off of the stock market seems like a normal part of business to me.
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Old 02-14-2013, 11:47 AM   #8
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Oh, I know that, but my first question was sincere. I'm not a student of the financial system, and I couldn't figure out from the post what the bank did wrong. Banks making money off of the stock market seems like a normal part of business to me.
Ok. Your stock adviser gets some inside info, he tells you to sell your stock (probably at a loss for you) and he buys it. A few hours later the company is bought out at premium so not only did you lose your ass, your stock guy made some nice coin.

Do you see a problem?
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Old 02-14-2013, 02:20 PM   #9
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Ok. Your stock adviser gets some inside info, he tells you to sell your stock (probably at a loss for you) and he buys it. A few hours later the company is bought out at premium so not only did you lose your ass, your stock guy made some nice coin.

Do you see a problem?
OK. If the guy got inside info and went against my financial interest for his own gain, sure. Does that info you posted show that that happened? Again, I'm not very educated about the financial situation. I never had enough money to need to use it.
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Old 02-14-2013, 02:39 PM   #10
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OK. If the guy got inside info and went against my financial interest for his own gain, sure. Does that info you posted show that that happened? Again, I'm not very educated about the financial situation. I never had enough money to need to use it.
Well Tex if you look at the recomendation posted by Newb you see they are recomending to sell shares of Heinz due to underperformance. That recomendation was made on 2-10-13. Today heinze was bought by Warren Buffet.

So do you see the problem now????
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Old 02-14-2013, 02:49 PM   #11
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Well Tex if you look at the recomendation posted by Newb you see they are recomending to sell shares of Heinz due to underperformance. That recomendation was made on 2-10-13. Today heinze was bought by Warren Buffet.

So do you see the problem now????
The sell recommendation seems to be made based on solid analysis. I don't know about this case, but Warren Buffett doesn't make a habit of letting any info about potential business buys out of his circle (price will skyrocket). If GS knew this sale was going to happen, then shame on them. But if Buffett was able to keep it under wraps, it's just one of the investment guesses that went wrong. Any evidence GS knew on the 10th that Heinz was selling?
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Old 02-14-2013, 03:06 PM   #12
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The sell recommendation seems to be made based on solid analysis. I don't know about this case, but Warren Buffett doesn't make a habit of letting any info about potential business buys out of his circle (price will skyrocket). If GS knew this sale was going to happen, then shame on them. But if Buffett was able to keep it under wraps, it's just one of the investment guesses that went wrong. Any evidence GS knew on the 10th that Heinz was selling?
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Old 02-14-2013, 03:21 PM   #13
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The sell recommendation seems to be made based on solid analysis. I don't know about this case, but Warren Buffett doesn't make a habit of letting any info about potential business buys out of his circle (price will skyrocket). If GS knew this sale was going to happen, then shame on them. But if Buffett was able to keep it under wraps, it's just one of the investment guesses that went wrong. Any evidence GS knew on the 10th that Heinz was selling?
Or more likely it will fall due to the sell recomendation given by GS. GS is one of the biggest players on the street....you think they had no idea this was comming???
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Old 02-14-2013, 03:28 PM   #14
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Or more likely it will fall due to the sell recomendation given by GS. GS is one of the biggest players on the street....you think they had no idea this was comming???
The mere fact that Warren Buffett bought the company will buoy the price for quite some time. The GS recommendation is essentially moot at this point. I'm not in the game enough to know how well these secrets can be kept. But my guess is if anyone can do it, Buffett can. This ain't his first rodeo, and the lack of secrecy could cost him millions if the stock starts climbing.
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Old 02-14-2013, 03:40 PM   #15
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The sell recommendation seems to be made based on solid analysis. I don't know about this case, but Warren Buffett doesn't make a habit of letting any info about potential business buys out of his circle (price will skyrocket). If GS knew this sale was going to happen, then shame on them. But if Buffett was able to keep it under wraps, it's just one of the investment guesses that went wrong. Any evidence GS knew on the 10th that Heinz was selling?
The official government policy is to ignore white collar crime, especially when it's friend's of the admin who are the criminals. Nothing will come from the investigation, but I think anyone with functioning gray matter understands what happened.

So Who Leaked The Heinz Deal?

Just a purely accidental modest to quite modest increase in the Heinz June $65 call open interest yesterday, and an even more accidental $1.5 million profit in one day? Surely the new Morgan Stanely head of the SEC will get right on it, and market "credibility" will be preserved. At least Buffett's DOJ-immune rating agency Moody's will rate the JPM's committed financing for the HNZ takeover AAAA++++.





http://www.zerohedge.com/news/2013-0...ked-heinz-deal
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