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Is that new GM IPO calling out to you? 33 bucks a share, and already oversubscribed with "green shoe"!

Won't touch it with a 10-foot pole. Will be below 10 in a year. Mark it down!

Ivytalk wrote:Is that new GM IPO calling out to you? 33 bucks a share, and already oversubscribed with "green shoe"!

Won't touch it with a 10-foot pole. Will be below 10 in a year. Mark it down!

Its a play for the big boys.........little guys like us need to just get the heck out of the way on this one until the dust settles. The Chinese government is all set to buy it up a huge chucnk of the IPO right now. Can't wait to see the volume on the day after. That's for sure.

But the balance sheet does look just about perfect.....it should considering the cash it got from the Feds.

danefan wrote:

Ivytalk wrote:Is that new GM IPO calling out to you? 33 bucks a share, and already oversubscribed with "green shoe"!

Won't touch it with a 10-foot pole. Will be below 10 in a year. Mark it down!

Its a play for the big boys.........little guys like us need to just get the heck out of the way on this one until the dust settles. The Chinese government is all set to buy it up a huge chucnk of the IPO right now. Can't wait to see the volume on the day after. That's for sure.

But the balance sheet does look just about perfect.....it should considering the cash it got from the Feds.

I heard that the Chinese government will hold 4% of all outstanding shares after the IPO, and all foreign governments will collectively hold 16%. "Yuan" to play? Meanwhile, the little guys get !

GM shares up to $35 in frothy market on first day of trading!

Irrational exuberance, anyone?