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S&P 500
5,667.20
(
0.64%
)
US TECH 100
19,822.40
(
-0.12%
)
Dow Jones
40,954.48
(
1.85%
)
Brent Oil
83.29
(
-0.04%
)
Bitcoin
65,822.64
(
1.12%
)
Post# of 151706
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techno_bull

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techno_bull

Re: None

Thursday, 11/29/2012 4:59:55 PM

Thursday, November 29, 2012 4:59:55 PM

Post# of 151706
Why would GS fire him? His job is to drive the price of INTC down so that GS can buy shares low and sell covered calls against them. Something GS is quite good at.

They could have made this call a month ago along with everyone else, but why waste the affect when other analysts are already creating a downward spiral? Better to wait until the price stabilizes at a low point (around $20) then make the call to drive it down further and squeeze all remaining sellers out the stock.
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Volume:
Day Range:
Bid:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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