Volume Spike Investor » Goldman Sachs

Down Volume Spike: Apple (AAPL)

247admin — Mon, 15 Dec 2008 14:14:38 +0000

Apple Inc. (NASDAQ: AAPL) is getting hit this morning in pre-market trading. The iPod, iPhone, and iMac maker saw its shares cut to Neutral from Buy with a new price target of $115.00 at Goldman Sachs.

Full summary details of the downgrade.

Shares are down less than 2% pre-market at $96.40 with about 230,000 shares having traded hands as of 9:13 AM EST. Its 52-week trading range is $79.14 to $202.96.

Jon C. Ogg
December 15, 2008

Price Tank Alert: Altera Corp. (ALTR)

247admin — Mon, 17 Nov 2008 15:06:51 +0000

Altera Corp. (NASDAQ: ALTR) is getting hit hard this Monday morning, although maybe not by as much as if you just looked at the headline and pretended this was somewhat normal times. Goldman Sachs downgraded the stock by putting it on the Conviction Sell List.

Shares are down 4% at $14.40 9:06 AM EST. So far there have only been 2,000 shares traded and it normally sees around 10 million shares trade hands. Its 52-week trading range is at risk today as the listed range is $14.20 to $24.19.

JON OGG

NOV. 17, 2008

Downward Volume Surge: Goldman Sachs (GS)

247admin — Mon, 10 Nov 2008 15:54:36 +0000

Goldman Sachs Group inc. (NYSE: GS) better go ahead and announce whatever bold new strategy it wants to do as a bank holding company. This stock is down another 7.6% at $71.88 on active volume. At 10:57 AM EST it has seen 15.7 million shares trade hands, yet its average daily volume is about 22.6 million shares.

The rumor mill in Goldman Sachs is getting long enough that it is becoming just like the prisoners yelling out the number of a joke after the lights go out. But the most credible thing we have found and the thing that keeps surfacing is the worry about Goldman actually losing money for the first time since its IPO.

Whatever the firm is going to, it really needs to get the announcement out and out of the way.

JON OGG

NOV. 10, 2008

Traders Attack Goldman Sachs & Morgan Stanley (GS, MS)

247admin — Tue, 28 Oct 2008 14:51:00 +0000

Shares of Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) have hit skid row again on no real news. We have inquired around and the culprit is traders attacking the stock. They are using these as hedges on other positions, but there may be more the concerns of this “investment bank turned banker” business model we addressed at 24/7 Wall St.

Specifically, we think this means that Goldman Sachs just might not be as smart as everyone thinks. At a minimum, the investment bank management teams are not that enthusiastic about the future of operations in a de-leveraged environment.

Some fear that Goldman Sachs may have exposure to that crazy trading seen in VW shares in Germany, but that is an unknown event right now.

Goldman Sachs is down over 9% at $84.00 amd Morgan Stanley is down over 16% at $11.50. The good news is that these are off their morning lows. The bad news is that they remain very vulnerable to attack for no new reasoning on any given day.

Jon C. Ogg

October 28, 2008 (10:51 AM EST)

Major Down Price/Volume Alert: Sirius & XM (SIRI, XMSR)

247admin — Thu, 19 Jun 2008 13:27:05 +0000

Satellite radio stocks are being murdered in the pre-market session. Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning. XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares. Sirius is down 5.6% at $2.29 in early trading on 1.2 million shares with 10 minutes to the open.

Both stocks are putting in 52-week lows right before the open this Thursday morning.

Jon C. Ogg
June 19, 2008

Options Spike: Goldman Sachs (GS)

247admin — Mon, 16 Jun 2008 16:05:50 +0000

Shares of Goldman Sachs Group Inc. (NYSE: GS) are trading up today by 1.4% at $180.80 at 12:06 PM EST. Part of the relief is from Lehman’s (NYSE: LEH) earnings not being an “at-risk”operation and the rest is traders positioning themselves ahead of earnings tomorrow for the investment banking giant. The flurry of interest is actually more interesting because the activity is in JUNE-2008 options that expire in just four days from now. Here are the trades seen so far with the open interest in the JUNE2008 CALLS:

STRIKE          Volume   OpInt
$170.00       11,838    14,986
$175.00       13,660    10,498
$180.00       11,401    12,244
$185.00       12,179    9,008
$190.00       4,957   14,269

We’ve also seen 8.5 million shares trade hands as of 12:06 PM EST.

Average trading volume: 11.5 million shares

52-WEEK RANGE: $140.27 to $250.70

Jon Ogg
June 16, 2008