Comments on: Goldman Sachs (NYSE:GS) Shorting Wells Fargo (NYSE:GS), Mastercard (NYSE: MA), PNC (NYSE: PNC) and AIG (NYSE: AIG)

By: Belinda

Belinda — Sat, 21 Nov 2009 14:27:48 +0000

What Goldman Sachs has done that the government knows about is the CDO'S.. Where Goldman bought loans, they sold pieces of each of these mortgages all over the world, got caught with their pants down last September and the financial crisis began.. Goldman owned Avelo Mortgage when this was occurring, then The Government got involved, Goldman then became a “Servicer” to
to all of these Mortgages with outside investors… Now we have Wells Fargo buying them up as AKA trust!!!!! If only they would just bring this to some sort of light and automatically redo these loans on a 30 year fixed rate we would recover all over the country alot faster!!!!!!
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By: jvinton

jvinton — Fri, 20 Nov 2009 03:40:20 +0000

Perhaps there is an error. Please see the SEC FAQ section for form 13F:
http://www.sec.gov/answers/form13f.htm

Question 41
Q: What about short positions?
A: You should not include short positions on Form 13F. You also should not subtract your short position(s) in a security from your long position(s) in that same security; report only the long position.

How does the author calculate the net short position from a Form 13F?

Looking at Wells Fargo ( Filed on 11/13/09 ):
http://www.secinfo.com/dnFu6.sVs.htm#1stPage
I see Goldman is long puts, but this put position is not as large as the long call plus long stock position.

I would appreciate it if the author would site his sources. Perhaps the author is using more the 13F form to reach this conclusion?

By: patrickh111

patrickh111 — Fri, 20 Nov 2009 00:29:16 +0000

How is there no money to be made shorting a 4$ stock? You would just be able to buy more shares. Rather than buying x-units of WFC, they would be able to buy (WFC Price/4)*x units of Citigroup. Thus, if they fell by the same percentage, you'd have made the same amount on the short. Thus, if WFC fell by 5%, you'd make x*WFCPrice*.04, and if Citigroup fell by 4%, you'd make (WFCPrice/4)*x*4*.04=WFCPrice*X*.04. If you haven't gotten it yet, its the same.

Of course, the short rebate might be bad on Citigroup compared to the others, and that would be the reason. Not its stock price.

By: Alexander

Alexander — Thu, 19 Nov 2009 23:02:29 +0000

Once again Gary, your bias is showing. You mention Goldman shorting Wells Fargo and indicate that they are all knowing, so that tells us all we need to know about Wells. However, where did you mention the recently released news that Berkshire Hathaway (thus Warren Buffet, and dare I say a more respected company than Goldman Sachs) has once again added more Wells Fargo stock to their holdings. You certainly have an agenda, don't you?

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Thu, 19 Nov 2009 16:26:28 +0000

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By: joe_stalin

joe_stalin — Thu, 19 Nov 2009 12:24:34 +0000

Hey author – in your opening sentence and your title bar (and your link) you might want to correct the Wells Fargo stock symbol – WFC not GS.