Tuesday, September 23, 2008

Buffett Sachs Goldman ! ~ Goldman Sachs Group, Inc. (Public, NYSE:GS)

WARREN and Berkshire buying $5 billion in GOLDMAN SACHS preferred stock :-)


(GS) After Hours: 134.75 +9.70 (7.76%) 

Check out the 'BIG WIN' for Warren:
Berkshire's preferred stock in Goldman will pay 10 percent and can be bought back any time at 10 percent premium. The warrants allow Berkshire to buy $5 billion in common stock at $115 per share any time over the next five years.  (almost makes us want to buy puts on the pop) 

This should effectively bring unjust  pain to our STI, TROW and COF puts tomorrow, thanks Warren. 


localandbitter said...

When do the GS common holders realize they've just been diluted?

BUY ON THE DIP said...


Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering.

Anonymous said...

any thoughts on exm, drys down 10%

BUY ON THE DIP said...

DRYS & EXM fell apart today.

the Baltic Dry broke down big, -3.3%

when they break their 52 week lows, and/or on 5% to 10% drops, we'll buy more.

lets build a 2 to 4 month position.

Anonymous said...

If you don't current own DRYS, is now a good time to get in?

BUY ON THE DIP said...

we say yes,... it just hit a new 52 week low.

$43.65 daily low.

Anonymous said...

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