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Goldman Sold $10.5B of Stocks in Block-Trade Spree

• caminante 6y ago
  paywalled
• gregjw 6y ago
  What does this signal?
  • jpgvm 6y ago
    Most likely a single or small number of GS large private clients liquidated some very large positions in these stocks. These stocks had already taken a huge beating resulting from a rather aggressive push in the ongoing rotation from high growth stocks into more value plays that lagged the market in 2020. All of these stocks were already down 20% or more since Feb. My best guess is these clients had overly leveraged positions and needed to liquidate holdings in response to margin call.
    • koudelka 6y ago
      that’s the scuttlebutt. https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-liquidation-015109185.html https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-...
    • impulser_ 6y ago
      You seem to be right. A hedge fund, Archegos Capital, liquated their positions because of being over leveraged lol.
      • canadianfella 6y ago
        Lol?
• rtrdea 6y ago
  Paywall
• neonate 6y ago
  https://archive.md/PhL7p https://archive.md/PhL7p