Goldman's shares get suspicious boost *pre-Buffett. * (Reuters)

[chill_wind]

Goldman's shares get suspicious boost pre-Buffett

By Kristina Cooke


NEW YORK, Sep. 24, 2008 (Reuters) — An unusual surge in Goldman Sachs' share price in the last 10 minutes of trading on Tuesday raised eyebrows on Wall Street, as it came two hours before news of Warren Buffett's big investment in the bank.


Goldman Sachs shares rose more than $5 heading into the close of trading even as the rest of the market tumbled, leaving traders suspicious that inside information was used to make a profit.

"Obviously someone knew the Buffett news that was coming out. I noticed it yesterday and I was telling my colleagues something is going on with Goldman," said Dave Rovelli, managing director of US Equity Trading at Canaccord Adams in New York.

Securities and Exchange Commission> spokesman John Nester declined to comment on whether the incident is being investigated. Goldman Sachs could not immediately be reached for comment.

more:

http://www.newsdaily.com/stories/tre48n7vr-us-goldmansachs-sharesbiz/

[chill_wind]

1. Wow-- this was a total sleeper today.

Goldman Shares Surged Before Buffett Deal Was Unveiled

http://dealbook.blogs.nytimes.com/2008/09/24/goldman-shares-surged-before-buffett-deal-was-unveiled/

(same story---different caption)

Reuters seems to be the only source.

[chill_wind]

2. Itsby bitsy bite at CNBC. Lee Brodie. NOBODY else. None of the other print media.

Not WAPO. Not NYT. etc ect

"Unusual action in Goldman's share price is raising eyebrows on Wall Street."



http://www.cnbc.com/id/15837548/cid/97553

Innocuous headline,
Goldman Jumps On Buffett Investment
Lee Brodie

but he's got himself a little poll, at the end of his mention:

Should officials investigate recent movement in Goldman Sachs shares? *


http://www.cnbc.com/id/26875747

[Supersedeas]

5. funny, ain't it

[chill_wind]

6. The word criminal comes to mind, if this is one big self-imposed

media embargo.

Actually, it comes to mind in any number of respects.

[TornadoTN]

3. Textbook Insider Information Case

Let's see if they do their job. Doubt it, but still.

[chill_wind]

4. Heck. I thought it was just me. Well then--we must suspend all media inquiries!

We're trying to rescue the heist,giveaway,bailoutEconomy!

[chill_wind]

7. I posted this yesterday 16 hrs ago.

Like a lot of other ones currently dead and getting buried, this story is never, ever going to make it to the GP, is it?