It was a Wall Street problem: Thursday AM: Goldman to Paulsen to Ben, who caves but has to have a phone meeting (how quaint) with 10 other people. Word gets out that a meeting is being scheduled: Ben to Paulsen to Goldman around noon, chatter around 3.
Those who get tipped know the meeting isn't to raise anything.
And the kriminals sky it Thursday afternoon. (Snort)
(By the time Pool went to dinner instead of taking the meeting, so to not alert anybody, it was old news.)
There was also some hanky Friday morning. The rate news hit Dow Jones at 8:15, but somebody was standing by with the mouse cocked and loaded, watching the feed. According to the Naz time and sales data, the very last pre-market sale of the SPY at 8:14 was 141.65 - the very first at 8:15 was 145. Too good.
This evening, Da Chief reports on his site:
...got this email from a friend on the cboe......payday for da boyz...opex.....like nite follows day.
Another story from the trading floor, late last Thursday Goldman Sachs bot A LOT of OEX August calls. They cleaned up as we had the big gap up on Friday rumor has it they made somewhere between $200-250 mil. Sec. Paulson of course is the former chairman of GS. Like you say, the “insiders” know.
The Kinks - Acute Schizophrenia Paranoia Blues
Edited by selecto, 22 August 2007 - 09:41 PM.