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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?


To: RT who wrote (127)5/8/1999 12:11:00 AM
From: William J. Schwartz  Respond to of 411
 
Does anyone know why the spike up, I bought at 76 on the opening and started to get sick watching it, however big big company with a ton of money to maybe buy somebody, there maybe a article in Barons about a hot rumor or something, I got a feeling I will own this one for a while, Good Luck to all.
Wild Bill



To: RT who wrote (127)5/8/1999 12:52:00 AM
From: henry jakala  Respond to of 411
 
you guys are the 500 "best" customers at datek and you think some had have to worry about juggling a measly $5300 in cash ?

what were the criteria used by datek as to whom was asked to participate in the GS IPO ?



To: RT who wrote (127)5/8/1999 4:39:00 PM
From: Kimberly Lee  Respond to of 411
 
<<When I talked to the supervisor, she said that GS had also denied a total of 129 brokerages who thought they were getting shares! I do know of another person who had shares taken back by Wit Capital. >>

Unless Datek is misquoted, this is a blatant lie by them. Of the 129 brokerage firms that expressed interest but did not received shares, None but Datek misunderstood the procedures. It was merely an indication of interests, and that NO PROMISES, NO PREDICTIONS OR GUARANTEES were ever made by GS as to any of them would receive any share during the allocation process

This is also a self-damning statement by Datek. If you were a member of the jury, you would have to seriously wonder why all 129 firms clearly understood the terms and conditions with Goldman, and for some very peculiar reasons, Datek didn't.

If Datek employees keep running their mouths slandering GS, I would expect Goldman to initiate litigations to protect their well deserved impeccable reputation soon.