Quote:
Originally Posted by popcorninthesofa
Goldman Sachs somehow knew the fish would be gone. They sold 250 million of BP stock before the spill, which was 46 per cent of their holdings. RawStory.com
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This looks more like a case of the internet focusing on one number, sans context, and turning it viral. on 3/31/10, 5 institutions and one fund
linkyloo each sold over 1M shares of BP. This was the day that Obama announced opening coastal waters to offshore drilling
linkyloo , and the day after BP let $500M in contracts as part of it's new plan to drill in Iraqi oil fields
linkyloo. Trading volumes were fairly normal that day, and the stock price was on an upswing.
Post hoc ergo propter hoc? Get all the facts, then decide.