Goldman To Issue Stock; Not A Coincidence
By Greg Michalowski on April 14, 2009 | More Posts By Greg Michalowski | Forex News By FXDD
Are they selling at the high? The stock sale might be masked as a way to pay back the government but it is not a coincidence that they are coming to the market now. The stock markets has rebounded from S&P 666 and is currently at 846. That is a 27% increase. Goldman (GS) stock is up from a 12 month low price of $47.41. The high over the same period was $203.39
The name of the game is to sell high. Goldman sees an opportunity to sell now that the price has moved up. Make hay when you can. Its time to make hay. Don’t be fooled. It may pay off the TARP but TARP will always be there if needed (free credit line). The window to sell 5 billion now, seems to be the prudent move.
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