Discussion in 'Stocks' started by S2007S, Nov 22, 2006.

  1. S2007S


    just dropping like a rock these last few days....cramer said this was going to $40...came close but I think thats it for GM, back to the mid 20's it goes.
  2. Just watched a clip on CNBC where they were talking about Krekorian (sp?) selling 14 million shares.
  3. S2007S


    yea I think thats the reason,

    he is boosting his stake in MGM, I guess the money follows where he goes......

    MGM new high, up 10% on this news

    Last Trade: 54.29
    Trade Time: 12:37PM ET
    Change: Up 5.29 (10.80%)
    Prev Close: 49.00
    Open: 52.00
    Bid: N/A
    Ask: N/A
    1y Target Est: 51.69

    Day's Range: 52.00 - 54.40
    52wk Range: 34.20 - 49.36
    Volume: 3,916,300
    Avg Vol (3m): 1,517,640
    Market Cap: 15.26B
    P/E (ttm): 29.17
    EPS (ttm): 1.861
    Div & Yield: N/A (N/A)
  4. S2007S


    WASHINGTON (Reuters) - Billionaire Kirk Kerkorian's Tracinda Corp. investment firm reported on Wednesday holding a 7.4-percent stake in giant auto maker General Motors Corp. (NYSE:GM - News), down from 9.9 percent.

    In a U.S. regulatory filing, Tracinda said it agreed on November 20 to sell 14 million common shares in a private transaction for $33 per share.