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Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!

 
Anonymous Coward
User ID: 983098
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06/02/2010 02:07 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
ОP, ALAS your insomnia! This is bloody MAJOR!

If someone looks for a reason of why GLP have been created is for a posts like yours.

Hats off.
Anonymous Coward
User ID: 983098
United States
06/02/2010 02:09 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
ОP, ALAS your insomnia! This is bloody MAJOR!

If someone looks for a reason of why GLP have been created is for a posts like yours.

Hats off.
 Quoting: Anonymous Coward 983098


Meant to say OP. no clue what happened to those symbols... so I'll repeat:

OP, ALAS your insomnia! This is bloody MAJOR!

If someone looks for a reason of why GLP have been created is for a posts like yours.

Hats off.
Anonymous Coward
User ID: 984065
United States
06/02/2010 02:10 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
bump
Anonymous Coward
User ID: 989618
United States
06/02/2010 02:14 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I just realized that is a MONTH and three weeks. Report date 3-31-10
Anonymous Coward
User ID: 989643
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06/02/2010 02:19 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs selling 276 million dollars of BP stock 3 weeks before. Wow...

How has this not been noticed by now?
 Quoting: Anonymous Coward 989618

they only sold 4.7Million shares...

but it seems to be farther reaching than just that, as well.
susano

User ID: 916958
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06/02/2010 02:21 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
On March 5, according to CNN, a letter was delivered to MMS saying there were major problems w/the well.
Anonymous Coward
User ID: 989618
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06/02/2010 02:25 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
On March 5, according to CNN, a letter was delivered to MMS saying there were major problems w/the well.
 Quoting: susano


Yay. Now we have government agencies implicated in insider trading. This should be quite the spectacle in Washington over the next few months. Could be enough to drag down an entire administration.
Anonymous Coward
User ID: 983098
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06/02/2010 02:27 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I've just sent the links from that article to ALL of my local representatives. To Glen Beck as well.
Anonymous Coward
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06/02/2010 02:28 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs owning so many stock in BP they were probably let in on BP drilling at never before seen depth.

High risk operation and Goldman did the right thing.
Anonymous Coward
User ID: 989618
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06/02/2010 02:32 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs selling 276 million dollars of BP stock 3 weeks before. Wow...

How has this not been noticed by now?

they only sold 4.7Million shares...

but it seems to be farther reaching than just that, as well.
 Quoting: Anonymous Coward 989643


Yes, and 4.7 million shares came out to 276 million dollars. What's your point? It's a LOT of shares to sell when, even including the huge number of shares they sold, institutional investors bought 3 million MORE shares that same month?
RightNut
User ID: 986994
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06/02/2010 02:40 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I have not read any of this thread, so this may of been said.

I heard a short time before the oil rig blew in April, BP bought all outstanding stock in Boots & Coots. One of the biggest oil spill clean up companies around.

Hmmmmmm Me thinks...
Anonymous Coward
User ID: 989643
United States
06/02/2010 02:43 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs selling 276 million dollars of BP stock 3 weeks before. Wow...

How has this not been noticed by now?

they only sold 4.7Million shares...

but it seems to be farther reaching than just that, as well.


Yes, and 4.7 million shares came out to 276 million dollars. What's your point? It's a LOT of shares to sell when, even including the huge number of shares they sold, institutional investors bought 3 million MORE shares that same month?
 Quoting: Anonymous Coward 989618


apologies, I read 276 million 'shares', you clearly wrote dollars.

I totally agree, it is an extraordinarily timely repositioning of their assets, and 1/4Billion is not chump change...
who started that the 'chump change' thing anyway?
Anonymous Coward
User ID: 945238
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06/02/2010 02:43 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I was just looking at BP's financial information to find out who its major shareholders are...

What I found was SHOCKING!

Goldman Sachs sold 44% of its BP Stock, Three weeks before the Oil Rig disaster.

Want Proof?

HERE IT IS... [link to moneycentral.msn.com]

This is a list of the institutional owners of BP stock.
This is NOT private owners.
There are 350 million shares of BP.
Financial Institutions own roughly 40% of BP.

Goldman Sachs (on March 31st) owned 6 million shares...after it sold 4.7 Million shares.




WHAT DID THEY KNOW?

Note: Insider Info is ILLEGAL.
 Quoting: INSIDER TRADING 959169

Holy Shit.

Smoking Gun Anyone?
fillantpre
User ID: 989718
United States
06/02/2010 02:44 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
3 weeks before the current disaster would have been 1 week after they fucked up and left the first well broken. It might have been that disaster they were reacting to.
 Quoting: Sol Hyperion

they know what is going on............don't they?
ScrumpTheTexan
-Controverter-

User ID: 894450
United States
06/02/2010 02:59 AM

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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I was just looking at BP's financial information to find out who its major shareholders are...

What I found was SHOCKING!

Goldman Sachs sold 44% of its BP Stock, Three weeks before the Oil Rig disaster.

Want Proof?

HERE IT IS... [link to moneycentral.msn.com]

This is a list of the institutional owners of BP stock.
This is NOT private owners.
There are 350 million shares of BP.
Financial Institutions own roughly 40% of BP.

Goldman Sachs (on March 31st) owned 6 million shares...after it sold 4.7 Million shares.




WHAT DID THEY KNOW?

Note: Insider Info is ILLEGAL.

Holy Shit.

Smoking Gun Anyone?
 Quoting: Anonymous Coward 945238

+1

Just read the Op... great catch 5*'s.

We'll hear Glenn Beck talking about this in a coupla days.
I am a Christian.

Christian does not equal doormat or pushover.

SickOfItAll

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD
For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
Anonymous Coward
User ID: 989724
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06/02/2010 02:59 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Mods this deserves a semi permanent pin
Anonymous Coward
User ID: 815644
United States
06/02/2010 03:01 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
I was just looking at BP's financial information to find out who its major shareholders are...

What I found was SHOCKING!

Goldman Sachs sold 44% of its BP Stock, Three weeks before the Oil Rig disaster.

Want Proof?

HERE IT IS... [link to moneycentral.msn.com]

This is a list of the institutional owners of BP stock.
This is NOT private owners.
There are 350 million shares of BP.
Financial Institutions own roughly 40% of BP.

Goldman Sachs (on March 31st) owned 6 million shares...after it sold 4.7 Million shares.




WHAT DID THEY KNOW?

Note: Insider Info is ILLEGAL.

Holy Shit.

Smoking Gun Anyone?

+1

Just read the Op... great catch 5*'s.

We'll hear Glenn Beck talking about this in a coupla days.
 Quoting: ScrumpTheTexan



lol

what if Beck's portfolio is showing he sold BP at the same time as Goldman's did???
Anonymous Coward
User ID: 989643
United States
06/02/2010 03:03 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
3 weeks before the current disaster would have been 1 week after they fucked up and left the first well broken. It might have been that disaster they were reacting to.

they know what is going on............don't they?

 Quoting: fillantpre 989718


hmmm, was that public information at the time?
is there a BP oilrig channel, or weekly newsletter, or did they make a press release about that?

serious question, how would a legit, shrewd investor have acquired that information legally, at the time?
ScrumpTheTexan
-Controverter-

User ID: 894450
United States
06/02/2010 03:03 AM

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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
WHAT DID THEY KNOW?

Note: Insider Info is ILLEGAL.

Holy Shit.

Smoking Gun Anyone?

+1

Just read the Op... great catch 5*'s.

We'll hear Glenn Beck talking about this in a coupla days.



lol

what if Beck's portfolio is showing he sold BP at the same time as Goldman's did???
 Quoting: Anonymous Coward 815644


Then he'll probably keep his trap shut.
I am a Christian.

Christian does not equal doormat or pushover.

SickOfItAll

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

MedinaD
For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com]
Anonymous Coward
User ID: 832190
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06/02/2010 03:11 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs selling 276 million dollars of BP stock 3 weeks before. Wow...

How has this not been noticed by now?

they only sold 4.7Million shares...

but it seems to be farther reaching than just that, as well.


Yes, and 4.7 million shares came out to 276 million dollars. What's your point? It's a LOT of shares to sell when, even including the huge number of shares they sold, institutional investors bought 3 million MORE shares that same month?


apologies, I read 276 million 'shares', you clearly wrote dollars.

I totally agree, it is an extraordinarily timely repositioning of their assets, and 1/4Billion is not chump change...
who started that the 'chump change' thing anyway?
 Quoting: Anonymous Coward 989643


It is chump change to them....

The stock topped at $63

After the news was made public, the stock traded over $50 with tens of millions of shares changing hand.

At absolute BEST, Goldman saved $50 million by selling.

If you know that there is a problem of once in a lifetime proportion.....you don't mess with the stock in the middle of public when you can just go to the CDS market and get insurance on BP debt all day. You want to see a homerun?
That's where it would be.
Anonymous Coward
User ID: 989662
United States
06/02/2010 03:22 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
How many shares were shorted (sold short)? How many put options were purchased

Everyone is looking at the small stuff!
TheWholeTruth (OP)

User ID: 959169
United States
06/02/2010 03:24 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
How many shares were shorted (sold short)? How many put options were purchased

Everyone is looking at the small stuff!
 Quoting: Anonymous Coward 989662


The report in the OP is dated March 31st.

On June 30th Goldman Sachs will have to file another report. We wont know more until then.
Anonymous Coward
User ID: 989662
United States
06/02/2010 03:28 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
No that report will not show that information nor will it show put options purchases. All that report shows is shares that were once owned that was sold.

I don't think the public would be privy to how many shares were short (sold short) or how many put options a Institution owned during a specified time frame. I would take a guess & say it would have to be a court order.
Free Planet
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United Kingdom
06/02/2010 04:00 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs are like THE CLEVER MONEY, getting out just when the dullards got in.

Remember that advert? ...just before she became a swan.

etc...

As you'll see from this Max Keiser report from May 14, Goldman Sachs have been having a TRULY CHARMED career of late:

[link to mikephilbin.blogspot.com]

Major revelation @ 07:00 where we find out that Goldman Sachs has ZERO TRADING LOSS DAYS IN THE LAST QUARTER - in not one single day did they lose a penny: virtually impossible good luck.

Apparently, Goldman Sachs IS THE MARKET; by design.

Also, Goldman Sachs aka The Obama administration has turned the heat up on BP, launching a criminal investigation to see if laws have been broken in the Gulf of Mexico oil spill.

[link to uk.news.yahoo.com]

Does no one remember how Rothschild broke the back of the UK banking system with piratical subterfuge aka lies about the outcome of Waterloo in 1815 so he could BUY the City Of London, lock stock and 2 smoking barrels of rum, ahoy, ar, ar!
QF

User ID: 989347
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06/02/2010 04:01 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
if they were in on it, wouldn't they off load all of their stocks?

why only sell half when "you know" what's going to happen?
 Quoting: Anonymous Coward 989647


GS is an investment bank with their own stock holdings as well as stock holdings on behalf of clients. They probably sold all of the shares they owned with their own money, and kept all the shares they owned with other people's money.
Anonymous Coward
User ID: 419649
United States
06/02/2010 04:09 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
bump
Jeego
User ID: 975848
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06/02/2010 04:17 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Seems about right.

They've won again.

It takes money to make money, And they know this.

Why should we laugh?

Because the big fish are starting to eat the big fish.
Island opinion
User ID: 735442
United States
06/02/2010 04:22 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs are like THE CLEVER MONEY, getting out just when the dullards got in.

Remember that advert? ...just before she became a swan.

etc...

As you'll see from this Max Keiser report from May 14, Goldman Sachs have been having a TRULY CHARMED career of late:

[link to mikephilbin.blogspot.com]

Major revelation @ 07:00 where we find out that Goldman Sachs has ZERO TRADING LOSS DAYS IN THE LAST QUARTER - in not one single day did they lose a penny: virtually impossible good luck.

Apparently, Goldman Sachs IS THE MARKET; by design.

Also, Goldman Sachs aka The Obama administration has turned the heat up on BP, launching a criminal investigation to see if laws have been broken in the Gulf of Mexico oil spill.

[link to uk.news.yahoo.com]

Does no one remember how Rothschild broke the back of the UK banking system with piratical subterfuge aka lies about the outcome of Waterloo in 1815 so he could BUY the City Of London, lock stock and 2 smoking barrels of rum, ahoy, ar, ar!
 Quoting: Free Planet 989748

Criminal investigation designed to DRAG us INTO A SLOOOOOOOWWWWW distraction, to KEEP EVERYONE TOTALLY WASTING TIME....CRIMINAL INVESTIGATE MY ASSHOLE! WTF EVER...THIS IS ALL A SET UP, DESIGNED TO STRETCH OUT AND EVADE THE REAL EVENTS ABOUT TO HAPPEN...ANOTHER DOG& PONY SHOW OFF STUNT! WE NEED LOT'S OF SOUTHERN BIKERS..TAKE CARE OF BUSINESS NOW..... hf
gO GET EM'
User ID: 735442
United States
06/02/2010 04:30 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
Goldman Sachs selling 276 million dollars of BP stock 3 weeks before. Wow...

How has this not been noticed by now?

they only sold 4.7Million shares...

but it seems to be farther reaching than just that, as well.


Yes, and 4.7 million shares came out to 276 million dollars. What's your point? It's a LOT of shares to sell when, even including the huge number of shares they sold, institutional investors bought 3 million MORE shares that same month?


apologies, I read 276 million 'shares', you clearly wrote dollars.

I totally agree, it is an extraordinarily timely repositioning of their assets, and 1/4Billion is not chump change...
who started that the 'chump change' thing anyway?
 Quoting: Anonymous Coward 989643

FUCKING EXACTLY PEOPLE..... alla pre contrived plan to MILK THE COW, rape and rob, and then kill us all...WTF the are we waiting for here folks? where are the cowboys and the BIKER MEN, who will take care of business? the south is no "popsicle stand"...gee how long will we twiddle our thumbs here folks>? huh? time to KICK ASS AND TAKE SOME NAMES, we are being DUPED, SCREWED AND RAPED TO THE MAX, WAKE UP! and go in peace...lol burnit bike sfan
anon
User ID: 989772
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06/02/2010 04:35 AM
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Re: Goldman Sachs Sold 44% of its BP stock THREE weeks before the Disaster!!!!!!!!!!
and two weeks before the accident, Haliburton
bought a company that repairs run away wells.

News








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