I have foreseen something like this when I heard SEC accusing of Goldman Sachs back in mid April. And though that the GS ($145.22 7/15/2010 / $117.53 4.14 +3.65% Now / -19.07% Change)will soon resolve the issue with SEC and the price will be back up at the end of GS when the price was around $145. ( Good Opportunity with Goldman Sachs ) But I guess my call was too soon and the market was down for several weeks and the price was even down to around $130 level.

But today finally I hear the news that I have been waiting for.

Goldman Sachs has agreed to pay $550 million to settle federal claims that it misled investors in a subprime mortgage product as the housing market began to collapse, officials said Thursday.

S.E.C. Settling Its Complaints With Goldman (New York Times)

So the stock was up 4.43% to $145.22 during the regular opening hours and up 5.61% after hours.

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At this time, it is quite difficult to tell if GS is out of the woods yet. So I am not sure if GS could do better. We have the second quarter earnings report on 7/20 (Next Tues) morning. If GS would be able to beat the estimates, probably GS can run up some more. But at this time I do not expect too much.