ANT Nailed GS

August 16, 2010

On April 20th ANT made a gut call and suggested shorting GS.  the shares were then $163.  On May 21 ANT called for the short to be closed at a price of $140.  This trade returned 15% in one month.  The timing was solid as well as GS has trended upwards since May 21st and since the SEC settled the charges it appears that catalyst for downward price pressure has been removed.  The FinReg bill which passed is likely to hurt GS over time but that all depends on how it is implemented (which is entirely up in the air at this point) and when it is implemented (which seems to be up to 10 years from now for some provisions).

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