All ex GS managers responsible for taking AAPL up to 700 and then dumping it to public
Big surprise there, they did the same with oil when they drove it up to 140 in 2008 and then had it crash back down to 60.
Mindich, named the youngest partner ever at Goldman Sachs before starting his Eton Park Capital Management fund in 2004, got out of Apple entirely in the fourth quarter after making big sales in the third quarter as well. Eton owned 600,000 shares at the beginning of 2012.
Farallon Capital, the hedge fund founded by Steyer, sold 137,000 shares. Steyer, who once worked on the Goldman Sachs risk arbitrage desk under Robert Rubin, stepped down at the end of the year from the firm, which he founded in 1986. Rubin served as U.S. Treasury secretary from 1995 to 1999.
He is a freaking genius. AAPL should be valued between $200 and $300. $300 is for AAPL at the best on sustainable growth as a large cap. But that genius manipulated AAPL to spike to $700. sold all shares and short it. Now AAPL will go back to proper trading range. But that process will be slow and painful for those holding the bags GS just dumped on them.
First of all-Goldman doesn't 'take' the stock anywhere. If you think they do-quit trading right now. They trade the price action of the stock just like the rest of the world. As far as getting out in the 4th quarter of last year-if you've got 20/20 vision & can look at a chart, you'll see that the price trend of the stock turned down & has been down for the last 5 1/2 months. There's no reason to be long a stock in a downtrend-unless you like losing money-thus he bailed out of apple. Play the price trend of the stock & turn off the TV. Good luck.
Yeah,Goldstein Saks would`nt do anything unethical. LOL Big money can take a stock price anywhere they want. If you don`t beleive that you are the one who should not be trading. I make most of my trades on the option open interest news because I know the theives will pin it on expiry. There are a few exceptions, Warren screwed `em good today announcing the Heinz bid but I`m not surprised,he hates the manipulators in NY