I supposed I under-estimated residual trust in GS's BS. Monday is a different story.$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
I believe everyone here knows about the corrupt and manipulative nature of GS. Just take a look at how they screwed their clients by ecommending mortgage back securities to them while behind the scene shorting the same securities. Remeber the housing crash?
Now they go and load up on FB calls before, recognizing the stupidity of retail investors, the hash out an old news about gifts and steal millions from investors. No doubt they unloaded those call options upto few minutes before the close and then stoped they manipulation, hence 20 cents drop in pps in the last 5 minutes.
Come Monday, they have no incentive to hold the price up. To the contrary they probabaly loaded up in the puts this time.
Good luck to you on Monday LONGS!!!!!!!!
By the way this is the first time I have missed on my closing call on FB in the past month. Check it out. I suppose I uner-estimated how much retail investors still trust corrupt GS and how lazy they are to at least find out for themselves that this was old news and of no consequence as in practice it has failed pretty bad to generate any meaningful revenues. I am presuming that by Monday many would get off their lazy buttock and do some dd.
I completely agree. The gift matter is not new and it has already been proven a failure. Goldman Sach's guesstimate of 50-100 million a year in additional revenues is just what you said; BS. besides that is chump change for a company valued at over 50 billion even if true. I believe next week all today's gains will be reversed and MORE.