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Reply #7: This may be another scam. [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-16-10 12:58 PM
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7. This may be another scam.
2 comments I picked up on Ticker forum:

1. "Zerohedge saying that Goldman was "told in advance" of the looming SEC action (according to Reuters) and asking if they shorted themselves...One's thing is for sure, not one person will go to jail as a result of this SEC action as it's just civil, not criminal."

2."Maybe someone should investigate the massive put buying on GS yesterday and early this morning. Someone bought 155, 160, 165 and 170 April puts in size.

Tell me why someone would buy something 15, 20, 25 or even 30 points out of the money the day (or day before) option expiration unless they knew something already. WHO TIPPED THE PUT BUYERS OFF? WHO BOUGHT THEM???

The 155 puts ran from 1 cent to $4.85
The 160 puts ran from 1 cent to $6
The 165 puts ran from 1 cent to $10
The 170 puts ran from 5 cents to $14

Those are exponential gains were as little as $1000 trade could have netted a million dollars."

*********************************************************************************


Also after dropping all morning, GS stock now UP 11%.

NASDAQ climbing after falling, too.
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