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I think its a top picking exercise. We have a guy in Australia - Kerry
Packer - who has a knack of floating his business (es) near the top of the
market and then privatising them at the bottom. Maybe Goldilocks can smell
3 bears??
David Hunt
http://adest.com.au
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| From: P Gumprecht <ktata@xxxxxxxxxxxxx>
| To: Gw.Gautier@xxxxxxxxxx; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
| Subject: Re: Goldman Sachs
| Date: Saturday, July 04, 1998 6:29 AM
|
| At 09:51 PM 7/3/98 +0200, Gwenn Ael Gautier wrote:
| >Any thoughts to the fact the savviest and most respected of all trading
| >firms, Goldman Sachs, sells itself out...
| >
| >As Idon't believe they want to make the public a favor, that leaves:
| >
| >- they need the publics money to make a big coup, with leverage, but
| >then again they would have done so earlier if that's what they wanted to
| >do, it would haver been very profitable.
| >
| >- they unload their market risk on the public, take the cash, and will
| >be top's ready to pick up the next great opportunity around... I suppose
| >when no else will see it, because too preoccupied about difficult
| >conditions...
| >
| >What do you all RT's think????
| >
| >Gwenn
|
| Gwenn:
|
| I'm a total outsider, but I can only assume that these guys know that
| there's not much of the bull left and they'd rather sell "the bag" to the
| public than be left holding it. The chance of them needing capital for
| leveraged ventures is so slim at this point....
|
| P.
|
|
|