Goldman Sachs Group Inc. NYSE:GS Message Board

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Non-Tech : Goldman Sachs Group Inc. NYSE:GS

GS 790.92

+0.7%

Nov 4 3:59 PM EST

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To: vestor who wrote (183)	8/22/2000 4:26:19 PM
From: Don Pueblo	Read Replies (1) of 411

What's being missed here, IMHO, is the impact that going to decimals will have on the big houses. I believe that GSCO is panicin', as Billy Ray Valentine would say. No GI Joe with the Kung Fu Grip this Christmas. Most people have no idea how much money a big market maker makes on a daily basis by simply making a market in a stock and taking a sixteenth or a thirty-secondth on every trade they make. When we go to decimals, I think the spreads will immediately be narrowed, and the big market makers will have even less control over the investing public. I think GSCO is looking for any way it can to increase its share of the future revenues to be generated by the online traders. I'm waiting for a top on these big houses, which I think will come before the end of this year, and then I am going to short every one of them. I don't think they can maintain their margins and revenue growth.

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