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Or that GS wants to move the stock in a certain direction. Perhaps they have a big short position and want to cover. They don't have to be right in the long ter
by keltex 9y ago
Or that GS wants to move the stock in a certain direction. Perhaps they have a big short position and want to cover. They don't have to be right in the long term, just right enough to move the stock down 7% and make money.
- poizan42 9y agoIsn't that stock manipulation?
- scient 9y agoYou say that as if they would be punished for that. And its not like they do this all the time...
- ethan_g 9y agoResearch and trading have strong information barriers, to avoid just the sort of thing you're suggesting. Banks enforce this very seriously. Search for "Global Analyst Research Settlement" if you want the history.
- PhantomGremlin 9y agoSure. Next you'll tell us that nobody does insider trading, because, to riff from Richard M Nixon: "we can do that ... but it would be wrong".