Fri, Mar 6, 2015, 8:09 AM EST - U.S. Markets open in 1 hr 21 mins


% | $
Quotes you view appear here for quick access.

Seagate Technology Public Limited Company Message Board

  • v1kes_won v1kes_won Jun 5, 2013 7:19 PM Flag

    WSJ-Cartel King Pin Had a Far Reaching Web

    See WSJ article, p C1 & C2 today on the potential impact of the SEC investigation of Cartel King Pin-SAC

    According to the WSJ, SAC annually generated $1 BILLION in trading commissions, financing fees, and an array of pay outs to over 100 sell side research firms and banks. Across the biggest banks, equities trading and financing fees from SAC could run to $500 MILLION ANNUALLY. Of the big investment banks some of the top beneficiaries of the SAC commissions were Goldman Sachs, Morgan Stanley, Deutsche Bank and JP Morgan. Goldman took in over $100 million a year from SAC.

    Verrrrrrrrrrrry Interesting, Verrrrrrrrrrrry Interesting, indeed!

    Up until 2 weeks ago when DB finally went to buy on STX: Goldman, JPM, Morgan Stanley, and DB had all been neutral on STX as it ran to record highs. For years, JPM and Goldman had been the primary permibears on the drive space and Morgan Stanley was one of the two firms that published a questionable channel report last May which the chart monkies used to run STX down from $31 to $21. FYI, both STX and WDC contested those reports publicly, see Luzco comments in Barrons article about bank Analysts spreading FUD to generate volatility and trading profits for their firms.

    Those who pay the piper call the tune!!!!!!!!!!!!!!!

    Might also explain why the drive stocks now are finally breaking out?


    SortNewest  |  Oldest  |  Most Replied Expand all replies
58.44+0.35(+0.61%)Mar 5 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Foot Locker, Inc.
NYSEThu, Mar 5, 2015 4:05 PM EST