[HN Gopher] Goldman Sold $10.5B of Stocks in Block-Trade Spree
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       Goldman Sold $10.5B of Stocks in Block-Trade Spree
        
       Author : opaque
       Score  : 40 points
       Date   : 2021-03-27 16:15 UTC (6 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | gregjw wrote:
       | What does this signal?
        
         | jpgvm wrote:
         | Most likely a single or small number of GS large private
         | clients liquidated some very large positions in these stocks.
         | These stocks had already taken a huge beating resulting from a
         | rather aggressive push in the ongoing rotation from high growth
         | stocks into more value plays that lagged the market in 2020.
         | All of these stocks were already down 20% or more since Feb.
         | 
         | My best guess is these clients had overly leveraged positions
         | and needed to liquidate holdings in response to margin call.
        
       | caminante wrote:
       | paywalled
        
       | rtrdea wrote:
       | Paywall
        
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       (page generated 2021-03-27 23:02 UTC)