GM to do stock offering; short me please!

[renaissance_warrior]

Too bad the SEC rules don't allow you to short an offering from 90 days. I would be a millionaire in about 3 weeks! :tongue:

http://www.nytimes.com/2010/07/03/business/03autos.html?src=mv&ref=business

[carguym14]

I don't understand-You want to short them?Why?

[renaissance_warrior]

Because the stock will eventually tank. Sooner, rather than later after the investment banks decide they've spent too much money propping it up.

[carguym14]

Thanks-I was thinking that's what you meant,but wasn't sure.


Do you think that as long as the .gov owns it (and the unions have the power) they will keep pumping it up?

He would really piss off the unions by trying to renegotiate their contracts down-I can't see that happening,as long as he is in power.

[RG Coburn]

I won't even consider buying a new Chevy or Chrysler as long as hussein is subsidising them. And I need work trucks. They should have gone bankrupt,the way all the rest of us have to,not the sugar-frosted way they did. So,your trucks can rust on the lot.

[mitchellh]

Originally posted by RG Coburn
I won't even consider buying a new Chevy or Chrysler as long as hussein is subsidising them. And I need work trucks. They should have gone bankrupt,the way all the rest of us have to,not the sugar-frosted way they did. So,your trucks can rust on the lot.

I hear ya, I purchased my final Chevy in 2003, I will not buy from them in the future!

http://img526.imageshack.us/img526/8648/redneckforaday.jpg (http://img526.imageshack.us/i/redneckforaday.jpg/)

The mudd was not my doing.:|

[Enquiring Minds]

Probably not luck, but hand-in-glove, we find that Ford, being better managed, also makes the better machine anyway. GM is no loss--SOMEONE will buy those plants... someone who KNOWS how to run a car mfr. (Did the scotched Penske-Saturn deal ever take on new forms?)

Originally posted by renaissance_warrior
Too bad the SEC rules don't allow you to short an offering from 90 days.

What? You mean the SEC is actually ENFORCING something called "rules"? WHEN, pray tell, did this start? :uhoh:

If true, it severely impacts my near-term strategies... please tell me it isn't true... :( ;)

[smokingun45]

Originally posted by RG Coburn
I won't even consider buying a new Chevy or Chrysler as long as hussein is subsidising them. And I need work trucks. They should have gone bankrupt,the way all the rest of us have to. So,your trucks can rust on the lot.

That is exactly my sentiment. I will keep my two Dodge Cummins trucks running until they reach 1,000,000 miles!:o