SEC finally is showing some backbone by charging GS with fraud.....GS is charged for selling Mortgage backed securities and allowing its preferred client to short @ the same time.....???
Indices are slumping up to 1.83% so far.......
Option Expiry was going pretty well & we made it to green..until GS news hit the wire....down we went in a hurry......
GS down $25+
GOOG Down $39+
ISRG Down $18+
BIDU Down $14+
AAPL Down $3.89
TSL Down $1.53
CSIQ Down $1.65
RIMM Down $1.35
TCK Down $2.18
Majority of stocks are Down from 3% to 7%
Gold Down $27.40
Oil Down $2.50
Canadian $ Down 1.12 cent to 98.53 US for 1 CAD.......
In my portfolio :
Sold SLW
Bought LDK @ $8.05
Portfolio is LDK,MU,TER......
BLOG Does NOT give buy or sell.
Saleem
3 comments:
Hi All,
Interesting that the sell off started yesterday, then on OE day they release the GS news. I guess the news was out late yesterday before the public got the word.
Well timed wouldn't you say?
Best Regards
Standards
How are ya?
As for my GS, I am glad that I got out,,, It was not acting right. I wonder is Warren Buffet sold out to.
Lest see what chatter develops and hope that it does not do damage to over all market
Peace to all
Hi Standards & C,
To lay charges in early part of trading day was "totally irresponsible".....
Any "material news" is released after the close...maybe SEC does not know that either.....
Timing of this release was done to give "max damage" to every portfolio....????
Saleem
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