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Gm ipo

Old 11-17-2010, 02:29 PM
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Default Gm ipo

Anyone else buying tomorrow - if so what is the strategy - at open? What are you puting for limits and stop losses, etc. Wait till it settles, or what?

I am well aware of the risks and all the political and ideologicial issues involved and don't care to discuss any of that - am just interested in pure investment speculation comments and advice.

Thanks
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Old 11-17-2010, 02:38 PM
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think it is going to open at $33 and may settle down in the mid 20's. Just was listening to my GM rep today and that is what he thought.
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Old 11-17-2010, 03:09 PM
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Originally Posted by Mr. Paul View Post
think it is going to open at $33 and may settle down in the mid 20's. Just was listening to my GM rep today and that is what he thought.
Holy Schmolie.....

Maybe I oughtta wait a bit - I was really hot on this after my experiences with TSLA which everyone here also panned but opened above its asking and made me a few bucks the first day (thanks to advice here alos on using stop loss orders I was able to ride it to 30 and got out before it came back to 18) . Actually TSLA also moved again this past week...........Its ove r30 again.....
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Old 11-17-2010, 05:54 PM
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A lottery ticket only cost a buck.
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Old 11-17-2010, 05:57 PM
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I'm gonna short this pig tomorrow when it opens
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Old 11-17-2010, 06:11 PM
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Originally Posted by Semper Fi-sh View Post
I'm gonna short this pig tomorrow when it opens
I would wait a bit - it may surprise you all - remember TELSA? LISG was the only one who called it? I think the old "straddle" may be the play if you get in at 33-35 then ride either the ups or downs and get out after a $2 change in that direction.
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Old 11-17-2010, 06:13 PM
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im in the short camp...been that way since last week....however still holding the core and rolling over the expiration before friday...we'll see...
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Old 11-17-2010, 06:27 PM
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What a ripoff this has become. GM files BK, gets Govt. money to stay alive and is now allowed to go public and rake in huge profits! Can you say RE-DISTRIBUTION OF WEALTH!

My father in law lost over a half a million dollars from the preffered GM stock he held, anyone going to pay him back?
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Old 11-17-2010, 06:30 PM
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Originally Posted by signmansez View Post
My father in law lost over a half a million dollars from the preffered GM stock he held, anyone going to pay him back?
Sorry for his loss but was he by chance an employee of GM?
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Old 11-17-2010, 06:31 PM
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I'm trying to figure out what about the game has changed. They still build junk, they still have the same problem, and people still don't want their cars. Yet, now, for some reason people think the stock is going to be worth $33+ a share.

I must have really missed something... something big.

Unless the Volt is going to be some amazing profit center... enough to carry the whole company? I don't think so.

I say short also.
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Old 11-17-2010, 06:38 PM
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F and AXL pin action.
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Old 11-17-2010, 06:42 PM
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Wealth redistribution is in the eye of the beholder. You already paid wall Street almost a trillion for their gambling loses (well that and to save capitalism). There has been so much wealth redistribution mostly very intentional "trickling up" in the last 29 years it makes my head spin.

What I personally learned in the last 4 years is exactly that...... it is all a gamble - investmnet, shemvestment.
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Old 11-17-2010, 06:44 PM
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Originally Posted by LI Sound Grunt View Post
Wealth redistribution is in the eye of the beholder. You already paid wall Street almost a trillion for their gambling loses (well that and to save capitalism). There has been so much wealth redistribution mostly very intentional "trickling up" in the last 29 years it makes my head spin.

What I personally learned in the last 4 years is exactly that...... it is all a gamble - investmnet, shemvestment.



You have that right....... Better off in Vegas...
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Old 11-17-2010, 06:45 PM
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wait till ford drops and then buy and ride it back up.
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Old 11-17-2010, 06:50 PM
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buy GM? don't think so.

Fool me once........
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Old 11-17-2010, 06:56 PM
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Originally Posted by oneill469 View Post
wait till ford drops and then buy and ride it back up.
I rode that wave with a bank stock several times. Made a very good profit. The bank is now defunct.
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Old 11-17-2010, 07:36 PM
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I think that their greed is going to be their downfall again. They raised the price and diluted the shares the week before the IPO, this is a disaster for marketing the IPO and I feel they will just be looking for a handout in another 10 years, That being said there will be a lot of money to be made on the swings the first week of trading.
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Old 11-17-2010, 08:33 PM
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Originally Posted by signmansez View Post
What a ripoff this has become. GM files BK, gets Govt. money to stay alive and is now allowed to go public and rake in huge profits! Can you say RE-DISTRIBUTION OF WEALTH!

My father in law lost over a half a million dollars from the preffered GM stock he held, anyone going to pay him back?
Don't forget it was the first time in american history where the bond holders of a public company(who are first in line in a bankrupcy) were ignored and got nothing..I'm sorry $.04 on the dollar invested. Government owns 60% and unions were given the other 40%, Even if it goes at $33 and the government sells 1/3 of it's stake it will not get back the $50B+ it invested if the other 2/3 is sold at that price.

Research if the syndicate doing the IPO has to mantain a minimum bid price after the opening. if it does and it stays just around the opening $33 most of the day look out below next week(or whenever their minimum bid price requirement expires). So many other healthy companies out there to invest in than this polished new turd!
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Old 11-17-2010, 09:02 PM
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Originally Posted by bjm9818 View Post
Don't forget it was the first time in american history where the bond holders of a public company(who are first in line in a bankrupcy) were ignored and got nothing..I'm sorry $.04 on the dollar invested. Government owns 60% and unions were given the other 40%, Even if it goes at $33 and the government sells 1/3 of it's stake it will not get back the $50B+ it invested if the other 2/3 is sold at that price.

Research if the syndicate doing the IPO has to mantain a minimum bid price after the opening. if it does and it stays just around the opening $33 most of the day look out below next week(or whenever their minimum bid price requirement expires). So many other healthy companies out there to invest in than this polished new turd!
How come this was or is not a bigger story?? It took GM all of 90 days to file and re-organize. This is one of the largest corps in the world! They could not count thier assets in 90 days! You and I could not even get a court date to hear our BK in 90 days.
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Old 11-17-2010, 09:22 PM
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Originally Posted by OldPete View Post
I'm trying to figure out what about the game has changed. They still build junk, they still have the same problem, and people still don't want their cars. Yet, now, for some reason people think the stock is going to be worth $33+ a share.

I must have really missed something... something big.

Unless the Volt is going to be some amazing profit center... enough to carry the whole company? I don't think so.

I say short also.
Maybe you missed the 1.8 million units they sold in China in '09. Or, maybe you missed the 2 million units they sold in the first 3 quarters in China this year, more than they sold in the US, and the first company to sell 2M in a year in China. They have about 15% market share of a very large market.

But, the question I have is, what makes any of you think that you will get a chance to buy the stocks, or short the stocks, anywhere near the open? The IPO is fully allocated, at least 90%, to the institutional investors at $33. Just for the sake of predictions, I'll predict the public will get in at $37, and the stock will go to the low $40's. That's the difference between being "IPOffered" the stock, and being sold the stock. And they sell all the blocks before they look at shares.

Tbrodes, how do you short a stock a week ahead of the IPO?
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