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Mike,
Fwiw, I've found that significant insider or beneficial owner trades studied
over 12 years, that's how far back my data goes, almost always foreshadows a
stock's trend which only becomes obvious in 3-12 months (of the date of the
transaction). GS looks like a candidate (to me at least) that'll not only
demonstrate this "statement" (again), but GS' downturn, if that's what
happens this summer, will likely be seen in hindsight as a coincident
economic indicator.
Regards,
Colin West
-----Original Message-----
From: MikeSuesserott [mailto:MikeSuesserott@xxxxxxxxxxx]
Sent: Wednesday, January 30, 2002 1:37 PM
To: cwest@xxxxxxxxxxxx; Omegalist
Subject: interesting BIG trades
Hi Colin,
"Give me a place to stand, and I will move the Earth."
I'm not totally sure that Archimedes had option spreads in mind when he said
that, but the principle applies! Given a market direction or at least a
price that the stock will not exceed, there will be a large choice of
profitable option strategies at your disposal.
But from a technical standpoint, doesn't it look to you like GS was in the
process of doing a key reversal, along with the broad market? I for one
would want to see the next few days before putting on any bearish positions.
Take care,
Michael Suesserott
> -----Ursprüngliche Nachricht-----
> Von: cwest@xxxxxxxxxxxx [mailto:cwest@xxxxxxxxxxxx]
> Gesendet: Wednesday, January 30, 2002 20:39
> An: Omegalist
> Betreff: interesting BIG trades
>
>
> When I saw that these two beneficial owners of Goldman Sachs (GS) sold
> shares recently, I thought it maybe interesting to some people on the list
> in terms of an economic indicator, and an indicator for the
> indexes, imo.
>
> SMBC CAPITAL MARKETS INC sold 8.673 million GS shares for $794 million.
> KAMEHAMEHA ACTIVITIES ASSOCIATIONS sold 5.455 million GS shares for $499
> million. The average price for these transactions between 1/7 and 1/10 was
> approximately $91.52 a share.
>
> Oh! I don't have any short interest in GS stock. I suspect Mike Suesserott
> could construct some interesting bear spreads on GS :-).
>
> Ok, back to work!
> Colin West
>
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