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Who is Sylvain Raynes and How Did He Make it on CNBC?
Friday, April 16, 2010 - 3:18pm | 918Quite possibly the most bizarre segment on CNBC since Jeff Macke saw car people [May 20, 2009: Holy Jeff Macke] just occurred. As predicted (I tweeted it about 4 hours ago) Jim Cramer, after consulting with "the right people" in Goldman Sachs (GS) has spent the better part of the afternoon...
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Were Traders Tipped Off to Goldman’s Fraud??
Friday, April 16, 2010 - 3:05pm | 290Earlier today, I highlighted the not so unlikely case that hedge funds and perhaps John Paulson himself were behind the SEC leak of Goldman’s accused fraud in an attempt to get the market to selloff. I have delved into the trade reports for Goldman Sachs’ (NYSE: GS) options and have unearth a few...
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Shares Of Financial Institutions Drop (GS, MS, JPM, BAC, DB)
Friday, April 16, 2010 - 12:35pm | 166Shares of financial institutions have dropped in trading following the lawsuit filed by the SEC against Goldman Sachs (NYSE: GS). In its lawsuit, the SEC has alleged that Goldman Sachs mislead investors and made profit at their expense. Goldman was down 13.65% to $159.12 in trading. Shares of...
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Earnings Surprise Stocks (and Low Priced, Pay Dividends)
Friday, April 16, 2010 - 12:28pm | 292So what is an earnings surprise stock, you might ask? It is a company that has exceeded its (or missed its) earnings estimate by a certain percentage. WallStreetNewsNetwork.com has turned up a list of stocks that exceeded their estimates by more than 20%. In addition, all these stocks pay dividends...
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In The Eye Of A Trader: Big Things On Wall Street
Friday, April 16, 2010 - 12:18pm | 326As the markets tumble today on the back of civil charges of fraud against Goldman Sachs Group, Inc. (NYSE: GS), there are many other stocks in play that need to be watched. Apple Inc. (NASDAQ: AAPL) broke the key $250.00 level today intra day. Speaking from the point of view of a trader, the...
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Markets Smoked As Goldman Sachs Fraud Charge Sends Ripples
Friday, April 16, 2010 - 11:54am | 232Someone in Goldman Sachs Group, Inc. (NYSE: GS) must have angered the wrong person in the government. For a government that has had baby handling gloves for Wall Street and the financials, they had to know this would shock the markets and send rippling waves everywhere. Goldman Sachs is down 15%...
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Bearish S&P ETF Sees Increased Options Trade
Friday, April 16, 2010 - 11:32am | 71ProShares UltraShort S&P 500 ETF (NYSE: SDS), a good place to be on day like today, is seeing some unusual options trade today with the sale of 20,000 September 40 calls just moments before news of the SEC's fraud charge against Goldman Sachs (NYSE: GS) broke. The implied volatility of the...
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Update: Goldman Sachs Plummets
Friday, April 16, 2010 - 11:15am | 154Goldman Sachs (NYSE: GS) is plummeting by over 9.23% this morning on news that the SEC will be investigating the company regarding “Fraud on Subprime Mortgages.” The news also involves John Paulson of Paulson & Co., a major hedge fund, who is being accused of shorting CDOs and CMOs, which were...
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SEC Charges Goldman Sachs With Fraud On Subprime Mortgages (GS)
Friday, April 16, 2010 - 11:02am | 364The SEC has charged Goldman Sachs (NYSE: GS) with fraud in relation to subprime mortgages. The SEC filing says that "the Securities and Exchange Commission today charged Goldman Sachs & Co. and one of its vice-presidents for defrauding investors by misstating and omitting key facts about a...
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Goldman Charged With Fraud By SEC
Friday, April 16, 2010 - 10:46am | 80CNBC is reporting that the SEC has charged Goldman Sachs (NYSE: GS) with fraud relating to the trading of some sub-prime mortgage backed securities. It appears that the issue is that the credit debt obligations Goldman created and issued were being shorted by the hedge fund Paulson & Co. after...
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Alphatec Holdings Prices Offering At 11% Discount
Friday, April 16, 2010 - 9:57am | 60Alphatec Holdings (Nasdaq: ATEC), a California-based medical device maker, will sell 16 million shares at $5, an 11% discount to Thursday's closing price. The company expects to raise $36.8 million from the offering. Jefferies (NYSE: JEF) will be the offering's lead manager. The offering will close...
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Company News for April 16, 2010 - Corporate Summary
Friday, April 16, 2010 - 9:45am | 251• Google (NASDAQ:GOOG) reported first quarter results of $6.76 ex-items up 31% from year-earlier results of $5.16 and topping estimates of $6.58 on a 23% rise in revenues to $6.77 billion. • Advanced Micro Devices (NYSE:AMD) posted a surprise profit of 9 cents ex-items, above consensus projections...
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Demand Media Hires Goldman Sachs For IPO
Friday, April 16, 2010 - 6:31am | 216According to an article on FT.com, a startup that generates thousands of videos and web stories everyday by using online search engine data, Demand Media has hired Goldman Sachs (NYSE: GS) for its initial public offering (IPO). Unidentified sources close to the closely watched startup said that...
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Goldman Sachs (GS) Director Probed In Galleon Insider Trading Case
Thursday, April 15, 2010 - 6:14pm | 393The Wall Street Journal, citing people close to the situation, has reported that prosecutors are probing whether Rajat Gupta, a director at Goldman Sachs (NYSE: GS), gave inside information about the Wall Street bank to Galleon hedge-fund founder, Raj Rajaratnam. However, in a statement responding...
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US Financial Sector Halts After A 5-Day Rally (ETFC, AMTD, SCHW, COF, ZION, MAC)
Thursday, April 15, 2010 - 4:06pm | 275US financial stocks failed to keep up the rally from the previous session today as weak reports on employment and foreclosures dampened investor enthusiasm for the sector. The Financial Select Sector SPDR Fund remained flat in early trade today after rallying continuously for the last five days....