Is Goldman And Morgan On Right Track ?
Goldman Sachs Group Inc. and Morgan Stanley have transformed themselves into bank holding companies. The change in status allows the last two major independent investment banks on Wall Street to take advantage of different accounting rules, gives them more access to federal funds and buys them time to stabilize their funding base by acquiring deposits. [...]
Short Attack: Lehman Dead Duck
Major U.S. stock indexes turned higher in afternoon trading Thursday afternoon, in an excessively volatile session focused on Lehman Brothers (LEH) fight for survival, and trader attacks on Merrill Lynch (MER) and Washington Mutual (WM). Indexes turned higher amid market buzz that troubled investment bank Lehman, which is fighting for survival, is looking for a [...]
Winning Streak Continues With Google Being Latest
Yesterday i bought Google at 414$ for a quick upward bounce. I was hoping to sell it around 440$ level with time frame of 3-4 days. However Google made a 20$ jump today closing at 433.75$. I decided to take profits. Nothing wrong in bagging 4% profit in 1 day. I sold off before my [...]