Genius Sachs Sells; TemaSICK FOOL Buys
 

An honorable member of the Coffee Shop Has Just Posted the Following:

Temasek bought 280 million shares in the world’s largest bank by market value at an average price of HK$5.50 a share, or a total of HK$1.54 billion ($198 million), according to a Hong Kong stock exchange statement yesterday. Goldman Sachs raised $1.1 billion by selling 1.58 billion shares in ICBC on the same day, according to a person familiar with the matter.

http://www.bloomberg.com/news/2013-0...s-holding.html

Today. just ONE day after the purchase, price of ICBC closed on HK Exchange at HK$5.38 per share, a loss of US$4.32 million. Thank you bery much Ho Jinx. Once again, you have proved your excellence at buying high and selling low. :rolleyes:


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