Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
smanek
on July 6, 2009
|
parent
|
context
|
favorite
| on:
Did someone try to steal Goldman Sachs’ secret sau...
I don't know if they want to hype it that much. They are a publicly traded and looking unnecessarily weak could cause a huge unwarranted dip in their market cap (which they have a fiduciary responsibility to prevent).
jonknee
on July 6, 2009
[–]
Maybe they have already shorted their own shares.
eru
on July 6, 2009
|
parent
|
next
[–]
That would be the same as putting more of their shares on the market. (Assuming they can always plug the short with newly created shares.)
quizbiz
on July 6, 2009
|
parent
|
prev
[–]
I have always wondered if brokers are allowed to trade stocks of their own firm.
dandelany
on July 6, 2009
|
root
|
parent
[–]
Yes, as long as they do so based solely on material, public information and report all transactions to the SEC.
Obviously, this is nearly impossible to police.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
