Skip to comments.Goldman Sold $10.5 Billion of Stocks in Block-Trade Spree
Posted on 03/28/2021 9:34:01 AM PDT by MeneMeneTekelUpharsin
Goldman Sachs sold a LOT of stocks friday to the tune of 10.5 billion. Something's up. Link only.
Click here for story.
(Excerpt) Read more at finance.yahoo.com ...
Perhaps their clients smell mark-to-market on the horizon.
Goldman Sachs is selling on behalf of another company. I think it is the pne that owns ViacomCBS.
Gamers owning some of the ~100 million stocks of GME and AMC
discovered that Goldman and their conspirators of Capitol
and Wall St had counterfeited a few billion shares for
“naked” shorting which they hid on the OTC exchange. <- ***
And over the years they had been fined about $60,000 fines
by the conspiring SEC (whose wife leads the investigations?
you won’t believe) who looked the other way for decades.
Sort of like an automobile store selling cars it does
not own ... being ignored by the state,
but finally caught and exposed by the People.
Seems like a hedge fund is liquidating a lot of money for a huge movement.
Some have speculated it has to do with shorts on the market.
I don’t believe the story that some fund faced a margin call. The market indexes are pretty much at or near their all time high. I don’t know the individual stocks involved but hard to believe they have diverged from the indexes all that much. Selling them on a Friday is a good choice, eliminate the risk of holding over the weekend. Lots of crazy stuff can happen.
If I had to guess, the seller thinks it is time to cash out. There will be better opportunities and other markets in the future. Cash on the sidelines is rarely a bad thing. Or maybe they want to push all in on something else. What can you buy with $10 billion? A lot of just about anything.
GME is trading at 181 atm, it dropped to 117 last week and the next day went over 200.
Some have suggested that the hedge funds have been trying to attack the price in order to drive it down, but it keeps getting bought up by investors.
Twenty-five years ago, $10.5 billion would be about one third of the Fidelity Magellan mutual fund, which was the largest one in existence. Now, $10.5 billion is a fart in a hurricane. This looks like some basic profit-taking.
I don’t know if this sell off was done on the market. Am I reading this right that they’re securities that were not on the open market?
Terrible headline. You have to go to the Deep State Yahoo site to see they are selling stock in a group of companies.
The headline is useless.
My understanding was they did the transaction after hours. Interesting story, to say the least.
The big boys always get the heads up. Because they most likely create the problem. And they know Biden will bail out every one Add to that these trillions of printed dollars are going to them first and they will have a chance to turn it to hard assets before everything crashes down. But on the bright side... We’ll all be millionaires...
I use to think silver was good. I’ve held it for years. It hasn’t even kept up with inflation. I’m trading it out for gold. Takes up less room.
This might be because of the ship run aground in the Suez. A lot of companies are gonna default on deliveries. And, unless the “God did this” clause kicks in their being late is their problem. It might well be that stock is being sold in companies that are going to go under.
As to “do I care?”. Ell no. The delay in delivery is only going to hurt globalists and EU guv’mts. Tough. US trade comes across the pacific and thru the Panama canal.
an extraordinary spree of selling that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates.
******* just wow
Except I have no idea how Discovery and ViacomCBS fits.
Maybe they just want the money and are selling off to reposition?
Dumping before the market dive?.
The Biden tribe has a lot of people real nerves now.
So my question is if its between companies, its basically a bank transfer, does that mean that money is immediately available for them on Monday?
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