GM - General Motors - Page 13

At least the new GM will be profit focused right? New headline: Chevy to invest 40 mil in clean energy research.

already profitable and coming off there best qtr/yr in 11years

Put it in Ford then. They are investing 800 million in clean energy. There are so many other reasons as well and the stock is a fraction of the cost.

Union sold today to recover their loss.

http://blogs.forbes.com/joannmuller/...rtner=yahootix

"The trust, known as the GM Voluntary Employee Benefits Association, or VEBA, sold 102 million GM shares, or a third of its stake in GM, for $33 each. (The Treasury sold 412 million shares, netting $13.6 billion.) The VEBA will break even on its investment if it can sell the remaining 206 million shares at an average price of $36.96.

There’s a decent chance it will: on the first day of trading Thursday, GM stock traded as high as $35.99, before closing at $34.19. More than 450 million shares changed hands."

Veba sold its shares yesterday in the ipo not today. I expect there will be a good amount of resistance when and if gm gets to the break even point for canada,treasury,and veba

and this is why i didn't touch this today

I'm confused by what this means, but I'm also quite new to IPO's. Obviously they couldn't have sold their shares today cause only 458 million traded today. Which then brings the question, was treasury basically the only one creating action (as in actually selling them)?

I think F is pretty dependent on GM going up in order for it to continue up. F is already over 52 week highs and these two companies are so similiar to each other as far as sales are concerned and the consumer base. I think the same applies to their shares. I see alot of sideways until all the institutions including the government are done selling their shares.

I really thought GM would gap up a good 10% from it's opening price today but wasn't anticipating the institutions selling off from the open. Figured they would wait at least a day so they would have some good press tonight to entice more buyers.

Now expecting both F and GM to trade sideways. Have been holding C for awhile and it's a pretty stable stock but has a limited upside mostly because the government sells off shares as it's heading up and GM looked eerily similiar to a typical day for C today.

Am hoping F can breakout enough from GM before January to get out of my calls with a profit at this point. Think theres a chance people get tired of the sideways with GM and jump back to Ford causing it to trade higher but it's all speculation as usual...

Yesterday was the ipo. The ipo sales were made up of the treasury, veba, and canada gov. They sold their shres to the people that subscribed to the ipo. Today was the first trading day after the ipo. Most of the ipo buys and sells traded at 33.00. So today they were able to sell higher.

It is possible that some of todays volume was treasury, veba, canada selling. They all sold some of their shares at 33 yesterday and probably planned to sell more when ever gm went up higher. I would geuss some had planned to sell some a 36.00.

Ah that makes sense now. Thanks!

How Taxpayers Win Even If GM Doesn’t Pay Them Back In Full

Notice how the headlines from even the biggest pumpers and cheerleaders keep getting more hilarious?

C isn't headed anywhere. It's stuck as it has an O/S of 28 billion shares. Once the govt is out, it only going to increased the float that much more. Back in April I referenced that it would never see 6 bucks. Once the govt is out, I'll agree, that it'll have a little psychological push, but that's about it.

Maybe i'll buy if I get it cheaper than the IPO

The spread is already getting wider as GM continues to tank. Things are looking good for those Jan calls on F IMO.

Man this thing is a flop. So glad I got out yesterday in the late afternoon at only a 3% loss.

I guess every IPO can't be golden.

Not to be negative, but it was highly, highly over priced.

Judging by that bounce off 33.11, they are trying to defend the $33 level.

Looks like some buyers were waiting for it to bottom. . .

34.27.

Two up days. Very good.

Pretty curious how it was red all day then closed .2% in the green Seems like another C to me, government selling off shares in a controlled fashion. I got into C thinking they had to run out of shares eventually but seems like it has been sideways forever.

Curious to see if they can manage to unload their shares at these prices without having a mass exodus to F at some point. Once enough shares get into retail anything can happen.