Goldman Sachs won over BoAML (Merrill Lynch) over their view on oil price. This adds to their credibility as invincible and, perhaps, invisible global market influencer As we shared in this group on last April 12, Goldman Sachs says, "Sell Oil and Run!" ( http://finance.yahoo.com/news/Goldman-Sachs-Sell-Oil-Now-wscheats-2254989652.html?x=0&.v=1), Merrill Lynch said the other way around, "Buy Crude,Could Hit $160!" ( http://finance.yahoo.com/news/Buy-Crude-Could-Hit-160-Bank-cnbc-3792193445.html?x=0&sec=topStories&pos=5&asset&ccode )
And, sell oil is not the only thing standing out from what Goldman Sachs recently preached. They also said *something else*, and we have even help "leaking" and covered this weeks earlier in this group. We will refresh about this other saying of Goldman Sachs, later this month. Meanwhile, we have also told public what they said on BUMI in previous posts and some insight on DOID as we mentioned in our posts below April 19. On Tue, Apr 19, 2011 at 1:16 PM, positif01 <[email protected]> wrote: > We are seeing a solid negative price divergence on BUMI as early as March > 30, 2011, and accordingly advise our clients to book their profit if any, > and recalculate corresponding risk taken in 2-3 weeks ahead. Under such a > divergence, we expect to see at least a short-term volatility pressure which > will bring BUMI down up to 8-10%. In addition, for a longer period of > holding, we still confidently affirm Goldman Sachs projection citing on > January 11, 2011 to cut BUMI to "sell" from "neutral" with renewed target > price as of March 17, 2011 at Rp2,300 further down from Rp2,500 in early > January 2011. > > On the other hand yet still under the same sector of Indonesian energy, we > are seeing a stronger positive divergence on DOID since early March, and it > is still pretty much in tact confirming a period of up pressure for months > to come. We expect the up push will keep the volatility high and set at > least 19% increase along with support from specific fundamental surprises in > coming months/weeks. > On Tue, Apr 19, 2011 at 1:16 PM, positif01 <[email protected]> wrote: > We are seeing a solid negative price divergence on BUMI as early as March > 30, 2011, and accordingly advise our clients to book their profit if any, > and recalculate corresponding risk taken in 2-3 weeks ahead. Under such a > divergence, we expect to see at least a short-term volatility pressure which > will bring BUMI down up to 8-10%. In addition, for a longer period of > holding, we still confidently affirm Goldman Sachs projection citing on > January 11, 2011 to cut BUMI to "sell" from "neutral" with renewed target > price as of March 17, 2011 at Rp2,300 further down from Rp2,500 in early > January 2011. > > On the other hand yet still under the same sector of Indonesian energy, we > are seeing a stronger positive divergence on DOID since early March, and it > is still pretty much in tact confirming a period of up pressure for months > to come. We expect the up push will keep the volatility high and set at > least 19% increase along with support from specific fundamental surprises in > coming months/weeks. > > '+' >
