Barry O should follow the steps of his fellow comrade and name himself a president of this "new" company.. http://finance.yahoo.com/q/pr?s=OGZPY.PK+Profile http://en.wikipedia.org/wiki/Dmitry_Medvedev
Good point. Regardless of how one feels about the company or the government's stake, the analysts and CNBC will be probably told to keep hyping it up until Treasury breaks even, around 50/share or so. The options will start trading soon, which offers a cheaper way to play it. Also, there are no shorts available as of yet, so risk/reward is favored to the upside.
Government should force GM to sell more stock so that they can reduce their holding. by doing this they can break even their horrible investment... now its the time private company should bail out government.. same thing with TSLA if goverment is giving rebate to buy electric cars they should get stocks from TSLA so they can sell it later down the road..
scam Hedge funds get IPO access to immediately flip against retail. Any ballers in this IPO should have to hold the stock for a year.
"GM's January Sales Gain 22%, Topping Estimates By David Welch and Craig Trudell - Feb 1, 2011 10:09 AM PT GM Jan. U.S. Vehicle Sales Up 22% A newly unveiled General Motors Co. (GM) Chevrolet Sonic compact car sits on display during the North American International Auto Show (NAIAS) in Detroit. Photographer: Jeff Kowalsky/Bloomberg General Motors Co. said U.S. sales increased 22 percent in January, topping analystsâ estimates, while Ford Motor Co. and Chrysler Group LLC missed expectations. ..." http://www.bloomberg.com/news/2011-02-01/gm-s-january-sales-gain-22-topping-estimates-update1-.html
"Fresh out of bankruptcy, General Motors (GM, news) is no longer shackled by high costs. Its growth prospects suggest the U.S. will soon enough sell its remaining stake for a profit, allowing GM to lose its "Government Motors" image for good. GM is also once again showing a knack for designing popular models." http://money.msn.com/how-to-invest/sorry-toyota-gm-is-winning-china-brush.aspx