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this conspiracy is a joke... do you realize that they STILL LOST hundreds of millions because they still owned a lot of BP stock? if they really knew something was imminent, they'd sell it all and go short, that would make them money, not holding on to some and losing a ton of money...learn the basics of investing before throwing out jealousy-laden claims about a profitable firm
quick math will show you the following:
-GS sold 4,680,822 BP shares, which is 44% of their total BP holding
-that means 56% they still held, totaling 5,957,409
shares
-BP shares have fallen about $24/share from their recent high
-so 5,957,409 shares owned X loss of $24/share = $142,977,836 loss for GS
assumptions used:
BP stock at 60 when sold by GS
current $36 price of BP stock
GOLDMAN LOST 142 MILLION ON BP! know the facts
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