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U.S. Day Ahead: Goldman may be set to dump Facebook

Wednesday, August 15, 2012 - 02:14

Aug 15 - Expect Goldman Sachs to sell its Facebook stocks to recoup losses as soon as a key share lockup expires, according to Pe-Hub Editor Jon Marino.

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This old thing about it and FaceBook. Could be around the corner. Aren't social networking is that -- rocky start on Thursday 270 million of the company's shares will be available for trading after the first phase of stock lock up expired back market dealers of selling on concerns about the site's broad potential. One trader told insider FaceBook could hit twelve bucks -- years' time that would be down 7% from IPO price so who might sound. Here's Thomson Reuters the hot editor John -- the list of likely can't. Expect Goldman Sachs to be one of the big sellers of FaceBook Stockholm August 16. There -- one of the latest investors in the company meaning that they bought the the most amount of shares at the greatest value possible pixel partners is probably a good number two pick to be selling -- then that's a very sizable position in the company and even though it was an early stage investment now be a great time for them to recoup some of that. Let's check out our -- you later to find out how much should be ex CEO has -- While it's canceling machine and the twenty's or not is down eight point five billion dollars. The GDP of Mongolia. We'll get another chance to check the health of consumers with more retail earnings. This time we'll hear from the industry titan Wal-Mart and we'll be looking for any commentary on how shoppers are gearing up for the back to school season. Also we could get some reaction to the news that US lawmakers say they have evidence of tax of Asian and money laundering and wal -- Mexican subsidiary. Other companies out with results dollar tree GameStop here is handing out. And -- the debate rages over whether the bad will -- more cash into the economy. Pay close attention to initial jobless claims and the morning I have -- has claimed she -- rides but only slightly. It's a sign of a continuing recovery although I have artist -- that absolutely shall. Mean the door for more fat bond buying is still open. Stay with writers TV an insider for more expert -- out that on big books share price. Check -- ordering you to act in -- dot com slash -- TV and senate between our follow us on Twitter at Reuters Insider. I'm ready mom and as liberators.

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U.S. Day Ahead: Goldman may be set to dump Facebook

Wednesday, August 15, 2012 - 02:14