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

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.
Comments (6)
  • Robert Mann 1
    , contributor
    Comments (6) | Send Message
     
    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 2013, 12:48 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    I agree some good news at earnings could really make this pop.
    7 Jan 2013, 12:55 PM Reply Like
  • AlbionWood
    , contributor
    Comments (769) | Send Message
     
    So it was a "conviction sell" at precisely the time to buy... These guys get paid for this?
    7 Jan 2013, 01:10 PM Reply Like
  • MEKhoury
    , contributor
    Comments (194) | Send Message
     
    It's pretty consistent. Enough so that you can make some money next time ;)
    7 Jan 2013, 01:29 PM Reply Like
  • Heinz Doofenshmirtz
    , contributor
    Comments (269) | Send Message
     
    Where do I find this Goldman Convicts' Sell List?

     

    Seems to be a good deal of alpha in there.
    8 Jan 2013, 01:51 AM Reply Like
  • gwenace
    , contributor
    Comments (61) | Send Message
     
    GS has done this conviction sell thing a few times...
    GS rating conviction sell + GS actual buy = strong buy
    7 Jan 2013, 06:59 PM Reply Like
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