G.M. Prices Its Shares at $33 in Return to Stock Market - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Hoss · 11-17-2010, 06:00 PM

New York Time story.

http://dealbook.nytimes.com/2010/11/...er=rss&emc=rss

Shares go on sale tomorrow!

TheBurninator · 11-17-2010, 06:11 PM

I am going to get a few of those shares when the market opens. Lets see how GM does on tradeing.

Speedfreak · 11-17-2010, 06:31 PM

Quote:

Originally Posted by TheBurninator

I am going to get a few of those shares when the market opens. Lets see how GM does on tradeing.

good luck with that.

Sandor · 11-17-2010, 07:14 PM

Quote:

Originally Posted by Speedfreak

good luck with that.

Luck not needed, the company is doing well and so will the stock.

Mcameron · 11-17-2010, 07:20 PM

Anyone on here do investing for a living like me?

2010 Bumblebee · 11-17-2010, 07:51 PM

These days you can win or lose on an IPO.. It's safer to wait till they settle... But If I had money to invest I might take a chance...

Fraxum · 11-17-2010, 07:53 PM

Warning! Stay away from GM stock. Might as well flush it down the toilet. I already flushed once. Don't let it happen to you.

oldfriend · 11-17-2010, 07:58 PM

Quote:

Originally Posted by TheBurninator

I am going to get a few of those shares when the market opens. Lets see how GM does on tradeing.

GOOD LUCK , THE BIG ASS BANKS AND FINANCIAL CO/ WILL GET ALL OF IT , YOU HNOW THE ONES WE ,TAX PAYERS BAILD UP , DO AND WILL GET IN FRONT OF THE LINE , WE THE LITLE DOGS WILL HAVE CLEAN BONES ,IF ANY !!!

:m ad0259:

Speedfreak · 11-17-2010, 09:07 PM

Quote:

Originally Posted by Sandor

Luck not needed, the company is doing well and so will the stock. Just bought my shares.

I meant buying. The small investor isn't going to be able get anywhere near it.

http://www.sltrib.com/sltrib/money/5...money.html.csp

Quote:

New York • When General Motors finally offers stock to the public Thursday, small investors will probably be on the sidelines.

Pension funds, mutual funds and other big institutions all want a piece of the rehabilitated GM. That means the three dozen banks divvying up the new shares may not have much left for individual investors.

And being left out of the initial public offering can mean being left out of some big profits. Shares of newly public companies sometimes jump 10 percent or more on the first day of trading, handing easy money to those lucky enough to get access at the offering price.

“Wall Street is only begrudgingly involving individual investors,” laments David Menlow, founder of research company IPOfinancial.com. The attitude is it’s “our ball and our rules.”

themossman · 11-17-2010, 09:08 PM

Oh how nice! Especially for all of us who had stock that devalued to nothing.

Bitter? A tad.

nardox · 11-17-2010, 09:17 PM

Quote:

Originally Posted by Mcameron

Anyone on here do investing for a living like me?

My dad does

nardox · 11-17-2010, 09:20 PM

Smaller companies may see over 50% gain within a few days right after IPO, but for an IPO like GM's size, I doubt it's gonna go up that much, just too many shares.
but the GM IPO tomorrow and Ireland bailout development may bring some good upward momentum to the market.

first one · 11-17-2010, 10:01 PM

Quote:

Originally Posted by Speedfreak

good luck with that.

Yeah, good luck with trying to get any because you can't get in on the IPO. The shares will immediately go up and then the big boys will short the stock and it will go down and you and me will miss out on the big money. Oh and by the way, I do own GM stock. It's called Motors Liquidation ORD (MTLQQ) and is valued at $0.249 a share. Lucky me!

nardox · 11-18-2010, 12:43 AM

Quote:

Originally Posted by first one

Yeah, good luck with trying to get any because you can't get in on the IPO. The shares will immediately go up and then the big boys will short the stock and it will go down and you and me will miss out on the big money. Oh and by the way, I do own GM stock. It's called Motors Liquidation ORD (MTLQQ) and is valued at $0.249 a share. Lucky me!

You can always short it yourself but there are risks involved
It will be interesting to see how it's gonna trade tomorrow.

11-17-2010, 06:00 PM	#1
Hoss Drives: 2004GMC Extended Cab Join Date: Oct 2008 Location: North Texas Posts: 623 View My Garage	G.M. Prices Its Shares at $33 in Return to Stock Market New York Time story. http://dealbook.nytimes.com/2010/11/...er=rss&emc=rss Shares go on sale tomorrow! __________________ 2010 2SS/RS, Black/Black, LS-3, delivered 6/19/09

11-17-2010, 07:51 PM	#6
2010 Bumblebee Drives: Transformers Edition Camaro 2SS/RS Join Date: Jan 2010 Location: Mass Posts: 1,048 View My Garage	These days you can win or lose on an IPO.. It's safer to wait till they settle... But If I had money to invest I might take a chance... __________________ The Yellow Camaro Club http://www.camaro5.com/forums/group.php?groupid=128 Northern Massachusetts & Southern New Hampshire Camaro Club http://www.camaro5.com/forums/group.php?groupid=127 The mother of all supercharger questions thread http://www.camaro5.com/forums/showthread.php?t=77958 My 2010 Camaro Review http://www.camaro5.com/forums/showthread.php?p=2025442#post2025442 2010 Transformer Edition Camaro L99 Auto

11-17-2010, 09:08 PM	#10
themossman Apprehensive Optimist Drives: '10 SS/RS SIM Join Date: Sep 2008 Location: JAX Posts: 1,383	Oh how nice! Especially for all of us who had stock that devalued to nothing. Bitter? A tad. __________________ Car is for sale --->http://www.camaro5.com/forums/showthread.php?t=158486 Current Summary: Engine:Phase One-(All work by Vengeance Racing): Custom Cam, AR Headers, ported throttle body, ported intake, custom tune, dual valve springs, hardened push rods, under drive pulley, thermostat, Vararam CAI, C5R timing chain, Melling oil pump catch can, breather, MagnaFlow Sport Axle Back Suspension: Pfadt Sport Sway Bars, Pfadt drop springs Other: MGW Shifter, Custom Paint my build journal ---->http://camaro5.com/forums/showthread.php?t=30057

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11-17-2010, 06:11 PM	#2
TheBurninator Drives: 2011 Inferno Orange 2SS/RS Join Date: Nov 2010 Location: Aurora, CO Posts: 26	I am going to get a few of those shares when the market opens. Lets see how GM does on tradeing.

11-17-2010, 07:20 PM	#5
Mcameron Drives: 2000 LS2 Saturn Join Date: Oct 2010 Location: Tualatin, OR Posts: 27	Anyone on here do investing for a living like me?

11-17-2010, 07:53 PM	#7
Fraxum Drives: a M6 LT1 ordered From Becky!!! Join Date: Jan 2010 Location: NJ Posts: 7,520	Warning! Stay away from GM stock. Might as well flush it down the toilet. I already flushed once. Don't let it happen to you.

11-17-2010, 09:20 PM	#12
nardox Drives: 2015 Camaro Z/28 Join Date: Aug 2010 Location: Houston Posts: 294	Smaller companies may see over 50% gain within a few days right after IPO, but for an IPO like GM's size, I doubt it's gonna go up that much, just too many shares. but the GM IPO tomorrow and Ireland bailout development may bring some good upward momentum to the market.