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URL:  http://boards.fool.com/why-did-gs-do-it-17050645.aspx

Subject:  Why did GS do it? Date:  4/12/2002  8:59 AM
Author:  tmidiot Number:  254 of 267

If the world's foremost silver expert's charges are true, that Goldman Sachs is one of five or six institutions responsible for the manipulation of the silver market, which keeps the price of silver 10 or 20 times lower than it should be, given the current supply and demand imbalance, then it makes sense that they would also be interested in manipulating stock prices as well. With silver, the claim is that they basically pump it with short positions to take advantage of predictable movement, constrained to an artifically narrow range.

The give-away is the glaring fact that only with regard to FMKT did they wonder out loud (REAL loud) where new customers would be coming from. Conspicuously absent from their speculations were CMRC and ARBA. Now why do you suppose that is? I mean, are THEIR new customers well identified, and standing in line to sign up? What company these days ISN'T wondering where their new customers will be coming from?

Well, which one of these three stocks had just experienced a fantastic positive run-up, as a long-awaited and well-deserved reward for having become the first B2B company to go profitable? I think GS took a look at this and said "Hmm ... with our power and influence, we could, by dropping a well-placed note of worry, easily take back all that reward in just a few days." They deliberately chose to emphasize the negative, when they just a well could have emphasized the positive, by pointing out that Freemarkets achieved the admirable feat of managing to grow revenues EVEN in a market where new customers are hard to come by for any company. There has to be a reason to explain all these highly suspicious factors.
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