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Alcatel-Lucent (ALU +4.6%) pops to $1.72 after getting pulled from Goldman's Conviction Sell...

  • Monday, January 7, 12:21 PM ET
    Alcatel-Lucent (ALU +4.6%) pops to $1.72 after getting pulled from Goldman's Conviction Sell list. This is probably a good time to point out Goldman helped underwrite last month's debt refinancing deal. Credit Suisse, the other underwriter, upgraded Alcatel to Neutral last week. Alcatel was added to Goldman's list on Oct. 5, when shares traded at $1.08.
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This news story has 6 comments:

  •  
    I'm a long term holder of ALU, so I welcome this news from GS, though I know they have a perspective guided by a bit of self-interest and I hate them for what they did in the subprime situation. The loans are buying time and, so, time will tell: ALU needs to show solid profit within the next couple of quarters.
    7 Jan, 12:48 PM Reply Like
  •  
    I agree some good news at earnings could really make this pop.
    7 Jan, 12:55 PM Reply Like
  •  
    So it was a "conviction sell" at precisely the time to buy... These guys get paid for this?
    7 Jan, 01:10 PM Reply Like
  •  
    It's pretty consistent. Enough so that you can make some money next time ;)
    7 Jan, 01:29 PM Reply Like
  •  
    Where do I find this Goldman Convicts' Sell List?

    Seems to be a good deal of alpha in there.
    8 Jan, 01:51 AM Reply Like
  •  
    GS has done this conviction sell thing a few times...
    GS rating conviction sell + GS actual buy = strong buy
    7 Jan, 06:59 PM Reply Like
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