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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Farmer who wrote (46446)1/9/2001 12:02:12 PM
From: Monty Lenard  Read Replies (1) | Respond to of 77400
 
OT Crooks at GS get hit with trading losses.

Was reading the wsj at the gym this am and saw where GSCO lost big time SHORTING THEIR OWN secondary offering. They shorted well in excess of the available shares of the secondary and it went up on them. :-)

Of course the secondary was the partners chance to sell THEIR shares in the company.

Anyway now GS wants the other investment bankers involved in the offering to help make up their losses for being stupid. Guess one can't blame them since the whole world no longer feels they should be held accountable for stupidity.

Monty

PS....and no I don't have a copy because it was in the PRINT version where I read it. :-)