Wednesday, October 24, 2007

Seeing the Goldman 10 point drop 2 days in advance

One thing investors really like to see in FirstRain is stories signally a potential move in the price of a stock that do not make it into Bloomberg (ie. what most people are seeing).


One such example happened last week. Goldman Sachs reported earnings and the stock went up 13%. All looked great. Then Fortune on-line ran a story questioning the quality of Goldman's earnings because much of them were on paper only. This was picked up by the blog Wall $treet Folly with a provocative lead as shown here.

Two days later GS dropped 10 points.

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