The Effect of GS on WAMUQ
You know that GS has been getting, and will continue to get the best of ALL worlds when this is said and done. They made a killing shorting this stock and its siblings, they are buying back in bigtime at a very low pps, and they are certain to buy options as soon as the Washington Mutual family gets back on the board and adds a ton of fresh, new, SOLID market value back to the street.
Those guys are a bunch of pr#cks. They bash C ,probably sold a SH*T TON short a long time ago, and are currently buying preferreds while they are waiting for the common stock . Once their short is covered they buy options on the commons, “change” C back to a buy. But what most people don’t know is that when they say “don’t buy C” then GS makes a killing off C
They know their SOCF is just fine and so is their SOCFP and will only drastically improve immediately because they shed their operating costs by a TON. Just the firings alone will increase the good parts of their BS and and decrease the bad. If people were smart they would know that firing 50,000 is a great thing when it comes to #s and that now is almost the time to buy if common stock interests you I feel bad for those people, but Wall Street doesn’t. GS probably sold themselves short at 270.50 on Halloween in ’07 and finally covered yesterday at 49 even .
You know what I love? I LOVE it when some super rich person like Warren Buffet announces that he’s going to dump billions into a company like GS , and then most people are stupid enough to ask why GS pps went down even after good news. Well stupids, it went down because the media failed to mention that he is only buying preferreds .
Look at the financials of the financials to find the winners, wait for a couple of "bad " days, and then buy the preferreds!
Good luck !
