The UAW is dumping more of their shares at the same time, while the price is high? I'm thinking this might be a good short once the initial euphoria wears off.
post #101 of 321
11/17/10 at 7:35pm
The last 3 or 4 ipos I bought did not list symbols until 1 -1.5 hours after the market open.
Is this what Uncle Sam means that they want retail investors included?
They were saying something about that on CNBC that all the little guys wouldn't be able to get thier hands on the stock until all the big money bought it up.. I think I am just going to avoid this one altogethor. If you get in soon enough to flip you've got a good chance but to just jump in short after all the money is in I could see a squeeze happening. It's pretty unpredictable if your not in close to 33 you could end up losing just as much as you think you were going to make.
Gonna just hold my F shares, crossing my fingers that they jump along with GM.