Pump and dump for Goldman's stock today?

[ShockediSay]

From today's Yahoo Finance commentary

1:05 pm : Stocks have spent the entire session trading in negative territory. The downward bias comes as Goldman Sachs announces a common equity offering and retail sales data post a surprise decline.

Financial stocks (-5.5%) have been under pressure since the opening bell, and have since led losses in the broader market. The sector's downturn comes amid a $5 billion common equity offering from Goldman Sachs (GS 118.43, -11.72). Though the offer was widely expected, investors are nonetheless displeased since it will prove dilutive and is priced at a discount relative to the stock's prior session closing price. Goldman complemented the negative headline by announcing it will cut its quarterly dividend. Such announcements have overshadowed the company's better-than-expected earnings results.

http://finance.yahoo.com/marketupdate/overview


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What a sucker play IMHO:
First they get to rewrite their bad loan provisions 'cause
the financial commercial banking bonus types lobbied congress
to allow them to pretty much decide how much they can book
worthless assets on their balance sheet

Second they dilute shareholder equity by flooding the market
with more common stock

Finally, to add insult to injury, they cut their dividend.
{gotta pay themselves their bonuses from somewhere}

[acmavm]

1. This is just so disgusting. And of course with their boys in the

White House, they can do any damn thing they want.

edit: This just pissed me off to no end. These bastards are gonna be allowed to screw their stockholders because the big shots in the company don't want to abide by any government supervision. One thing this economic crisis has proven is that these are the people who NEED TO BE SUPERVISED. They are untrustworthy.

[leveymg]

2. Fourth, they floated misleading rumours that there would be record earnings today!

GS are slime-balls, every way you look at it.

They really do deserve to be broken up into a thousand little pieces.

[ShockediSay]

3. To add to the games of today, Goldman ended down

more than 15 points on today's trading

and lost almost another point in after hours

trading.

PT Barnum said it all: There's a sucker born every minute.