rawstory.com Goldman Sachs sold 0 million of BP stock before spill. Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP. According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4680822 shares of BP in the first quarter of 2010. Goldman’s sales were the largest of any firm during that time. Goldman would have pocketed slightly more than 6 million if their holdings were sold at the average price of BP’s stock during the quarter. moneycentral.msn.com This is a list of the institutional owners of BP stock. This is NOT private owners. There are 350 million shares of BP. Financial Institutions own roughly 40% of BP. Goldman Sachs (on March 31st) owned 6 million shares…after it sold 4.7 Million shares. WHAT DID THEY KNOW?
Related Blogs
- Silicone Skin 3 pc. Value Pack for your Nokia E71, E71x (Red …
- Panasonic SDR-H85K Camcorder Review–Solid Value And Plenty of Features
- Goldman Sachs Reputation Destruction Tour 2010! | The Big Picture
- Value, Gift Glutting And The Future Of Facebook – PSFK
- FCIC Subpoenas Goldman (Update: Details on Firm's Intransigence …
Goldman Sachs apparently has some very gifted psychics on staff… where is kreskin?
Don’t need a psychic when you are evil itself
Goldmann Sachs total stock holdings is ~$200 billion… Form 13F-HR filing for Q4/2009 had a total of about $203 billion in market value.
BP @ March 31st prices is ($57 share x 4.6M) $262M total.
AKA- their sell of $262M value BP stock was 0.12% of their holdings.
If they had held on to BP, they would have lost ~$91M.
Their revenue was $51 Billion in 2009. If they had held on to BP instead of “conspiring” they would have taken an estimated hit of one tenth of 1 percent (0.1%) in 2010.
@naioht HARDLY A CONSPIRACY – Come on, people, have some sense.
That is ridiculous, I shorted BP stock in February because the sterling conversion to dollar in dividends was terrible. Alex is way off on this one.
alex jones is a stupid moron …
any one with a background in FOREX and stockmarkets can figure out why US companies “dumped” eurporean companies stocks …. stupidest alibi ever alex … you retarded manchild
@mintoo2cool ignorance is the enemy
@toneage7 thats right … i agree … explain that to alex jones