I have been reading this evening thoroughly about Warren Buffet so called investment in Goldman Sachs. Maybe I am an idiot but it is not an investment but lending of cash with warrants attached which looks like an awesome deal. Buffet is going to be paid 10% on his 'investment' and have options to exercise purchase of common @$115.
To me this is an awesome play and if I had the money I would be doing the same. Even if the share price goes south he will be collecting 10% no matter what and on top of that if it goes higher he can buy shares at a discount @$115.
Saying that, I dont believe GS will be speared the bloodbath of the upcoming selling. Goldman I am now putting on my top short list of financials. OPPS we can't short them :) I guess options will do :)
MARKETJEDI--
Absolutely no losers here period !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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