However that’s not the only speculation involving Goldman. There’s also talk that the bank wants to buy back shares – perhaps even go private.
”I expect these guys to use increased capital to reward shareholders,” adds Kaminsky. “But I don’t know what they’ll do because they don’t know yet.”
What's the trade?
If you’re an investor who feels Goldman sold-off on the bonus news, then this may be a buying opportunity, says Kaminsky. But I’d want to go short something against it as a pairs trade.
From a technical perspective, $168 is where Goldman Sachs broke down and I don’t think it recaptures that level, says Todd Gordon on Forex.com on the Halftime Report.
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Trader disclosure: On February 1st, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Is Short (IJR), (IWM), (SPY), (MDY), (UNG), (USO); Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (KFT), (MSFT); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm And Finerman Own (GOOG); Finerman's Firm Owns (BSX); Najarian Owns (AAPL) Call Spread; Najarian Owns (AKAM) Call Spread; Najarian Owns (BP), Is Short (BP) Calls; Najarian Owns (ITMN) Call Spread; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (PFE); Najarian Owns (XLF) Calls; Najarian Owns (STLD) Calls; Terranova Owns (XLF) Calls; Terranova Owns (BAC), (JPM), (XOM), (HAL), (OIH), (FCX), (GOOG), (EMC), (DELL), (MSFT), (QCOM); Terranova Is Long British Pound March Futures
For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
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Other Relevant Disclosures:
Terranova Owned (FCX) On 1/29/10
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