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> I think if you take a look at their overall trading record you will be
surprised
> at the profit and loss statements from their trading department. It is
the
> mergers and acquisitions that make them the money along with their
banking and
> IPO operations.
Here we go again. Throw out a statement, no proof. Yet if you go to the
Goldman Sachs site you will see:
Revenues from Investment Banking 1st quarter 2001 $1.15 billion
Revenues from M & A $730 million
Revenues from Trading and Investments $2.30 billion
http://www.gs.com/shareholders-docs/earnings/q1_2001.html
Only gross raw figures but certainly on their face not supporting your
statement
Again, not criticising anyone in particular. We all, myself included, daily
act on perceptions which are not necessarily based on reality.
dave
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 23, 2001 8:12 PM
Subject: Re: [RT] DA moon and Delta
>
> Norman Winski wrote:
>
> > ----- Original Message -----
> > From: "DH" <catapult@xxxxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, May 23, 2001 7:15 PM
> > Subject: Re: [RT] DA moon and Delta
> >
> > > > It is funny that those who espouse a totally scientific approach
fail to
> > > > realize that almost every time the theorist enters the market he
usually
> > > > goes broke.
> > >
> > > Yeah, right. I hear Goldman and Solly and all the big houses are
firing
> > > their quants, scrapping their Crays, and hiring astrologers and that
> > > tarot lady from late-night TV to read the tea leaves for them. :-)
> > >
> > > --
> > > Dennis,
> >
> > You may be closer to the truth than you will ever know.
> >
> > Cheers,
> >
> > Norman
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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