http://finance.yahoo.com/news/Goldm...0.html?x=0&sec=topStories&pos=5&asset=&ccode= Most of those sales were sold at the low prices. If the execs believed there was a recovery...wouldnt they be buying their own stock at these historically low levels? These guys know something is up. All their profits are supposedly coming from their trading dept (not unlike the way enron said all their profits were coming from their trading too) Its obvious these guys are cashing out now while they still can.
"Goldman executives sold stock worth $691 million between September 2008 and April 2009". --------------------------- Awful sells. The article means nothing. They were cashing out at firesale prices when there was a chance they might get nothing (after Bear and Lehman, can you blame them?)
whoa whoa whoa...these were not traders off the street. These are ivy league graduates who are supposed to be the smartest guys in the room. The fact that they were dumping speaks volumes. They were selling their shares at record prices while trying to get as many people as possible to buy into their company and they are the ones running the company. If you dont have the same faith to buy as the investors you are selling to, dont you think that means something? To me, that means that they are trying to milk this cow one last time and trying to make it count.
people are confusing too different time periods.because they are not labeling them by date. I would not be quick to accuse somebody of not reading their own post without proof but then again some accusers lack the ability to look at themselves in the mirror. "They were selling their shares at record prices while trying to get as many people as possible to buy into their company and they are the ones running the company. If you dont have the same faith to buy as the investors you are selling to, dont you think that means something?" it means nothing. it was an opportune time to sell because of the price. the underlying condition of the co. may have looked rosy to the executives. the executives were likely wrong about the outlook for the co.. and the economic future of the US. on one hand the poster talks about selling at record prices and then in the 1st post selling at near low prices. clarify with dates and prices.
ironic how gs has blockbuster trading profits every quarter but its execs can't time the market for shit. did they get micro emotional and forget they macro rigged the game?
GS is a company which filled with paper pushing idiots and it has to overpay for them, remember, they are the middle class of American in the future.