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112 Hedge Funds Scream In Pain As GM Drops To Fresh Post-IPO Low

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Tue, 04/19/2011 - 10:00 | 1183600 FOC 1183
FOC 1183's picture

"House of Pain"

Tue, 04/19/2011 - 10:36 | 1183800 SheepDog-One
SheepDog-One's picture

AW poor hedge funds.

Tue, 04/19/2011 - 10:58 | 1183939 tallen
tallen's picture

Remember, it's not general motors. It's GOVERNMENT Motors

Tue, 04/19/2011 - 11:37 | 1184126 Ahmeexnal
Ahmeexnal's picture

Twentieth Century Motor Company.

Tue, 04/19/2011 - 16:17 | 1185510 MrBoompi
MrBoompi's picture

Oh man, I'm only gonna make $4 Billion this year....

Tue, 04/19/2011 - 10:40 | 1183832 jus_lite_reading
jus_lite_reading's picture

Problem solved..... cut a few more trading desks but keep the record bonuses for the top brass

Tue, 04/19/2011 - 10:00 | 1183604 spiral_eyes
spiral_eyes's picture

lol welcome to the world of too big to bail.

Tue, 04/19/2011 - 10:02 | 1183608 Rainman
Rainman's picture

But I thought channel stuffing was working just fine....everybody just needs to BTFVolt.

Tue, 04/19/2011 - 10:08 | 1183643 Cash_is_Trash
Cash_is_Trash's picture

Let us remember that the bank bailouts began with the automaker bailouts.

Shit cars channel stuffed funded by a comatose taxpayer.

'Like a rock, ohhh like a rock' - Like a rock you're sinking into the Mariana Trench

Tue, 04/19/2011 - 10:30 | 1183768 SheepDog-One
SheepDog-One's picture

Problem is, the Volt burns your house down. Oh well GM, maybe next year.

Tue, 04/19/2011 - 10:55 | 1183921 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Wouldn't tens of thousands of houses burning down be good for the economy?  I heard it was good for Japan's.  What????

Tue, 04/19/2011 - 11:06 | 1183978 Rogerwilco
Rogerwilco's picture

+(240V) creative destruction!

Tue, 04/19/2011 - 11:32 | 1184116 Cleve Meater
Cleve Meater's picture

... And Chevy Cruze steering wheels fall off:  www.cruzeless.com

Tue, 04/19/2011 - 13:35 | 1184782 Sheriff Douchen...
Sheriff Douchenik from AZ's picture

Actually they might be catching on fire. Might not be the Volt's fault though as this numbnuts converted his Suzuki Samari to electric power also. Hope his insurance takes a long hard look at this one:



Sorta neat that the Volt caught on fire twice. Must have been someone at Toyota...

Tue, 04/19/2011 - 10:02 | 1183613 EZYJET PILOT
EZYJET PILOT's picture

deja vu, April 2010. The f@ckers are letting the casino lose a bit of money before the announcement of QE3, or QE3 in disguise, in September. So predictable, morons.

Tue, 04/19/2011 - 10:02 | 1183616 ZackAttack
ZackAttack's picture

Always pleased to see one of the 2-and-20 crowd taking it up the chute.

Tue, 04/19/2011 - 10:03 | 1183633 Sudden Debt
Sudden Debt's picture

When OPEL GM failed here in Belgium, we hired one of the executives to join the staff.

When he got fired from OPEL, he got a handshake of 200K and invested it right back in the GM IPO... He even took a broker to do it for him...

I've been discussing that "investment" with him as the stupidest move ever but as a coporate GM lover, he just won't listen.

He's been pretty quiet these last few weeks :)

And I constantly remind him that it will go to 18$ by the end of this year :)

He must really love me for it :)


Tue, 04/19/2011 - 10:29 | 1183764 Samsonov
Samsonov's picture

You're a jerk.

Tue, 04/19/2011 - 11:51 | 1184192 hedgeless_horseman
hedgeless_horseman's picture

GM will once again find ultimate support at zero, probably sooner than we imagine.

Stocks are not race horses.  You can switch out if you are behind.

Tue, 04/19/2011 - 10:48 | 1183871 lynnybee
lynnybee's picture

l.o.l., sudden debt, on your comment .....

Tue, 04/19/2011 - 11:10 | 1184014 ExpendableOne
ExpendableOne's picture

Not nice to taunt the dingbats like that.

Tue, 04/19/2011 - 10:07 | 1183635 Id fight Gandhi
Id fight Gandhi's picture

Why again did the us government need to buy gm? They made shit cars for decades and then loaned out money to shitty borrowers. Fuck them in the ear

Tue, 04/19/2011 - 12:17 | 1184309 Buckaroo Banzai
Buckaroo Banzai's picture

Duh. To bail out the unions, and the management.

Tue, 04/19/2011 - 14:33 | 1185014 3.7.77
3.7.77's picture

Actually the gov would have bailed out Gimmee Motors wether or not the union was involved.  You know, the country goes as GM goes. Die Gm Die.

Tue, 04/19/2011 - 10:05 | 1183636 I am Jobe
I am Jobe's picture

Bring back Rick Wagner. He was a saviour. Where is that Fuckhead ? Taxpayers will never recoup the TARP funds. Its over. Stick a fork.

Tue, 04/19/2011 - 10:05 | 1183638 treemagnet
treemagnet's picture

socialized loss and privatized....er, loss?  Thats wrong, fuck - how did it go again?

Tue, 04/19/2011 - 14:34 | 1185025 topcallingtroll
topcallingtroll's picture

Lol.....the government even fucks up at the moral hazard game.

Tue, 04/19/2011 - 10:05 | 1183642 DonnieD
DonnieD's picture

Cue Rattner on Criminal News and Business Channel to tell us what a great idea it was for taxpayers to sell their children a little deeper into debt slavery to bailout GM's unions.

Tue, 04/19/2011 - 10:06 | 1183644 Sudden Debt
Sudden Debt's picture

"To break even, the U.S. Treasury would need to sell its remaining stake—about 500 million shares—at $53 apiece

Maybe if they delute their stock with 1 billion shares every quarter, they can get their money back?

I worked with Citibank :)


Tue, 04/19/2011 - 10:06 | 1183645 NidStyles
NidStyles's picture

Watch Chrysler follow, and then the Government will step in to break up Ford under an anti-Monopoly case.

Tue, 04/19/2011 - 10:10 | 1183654 bob_dabolina
bob_dabolina's picture

GM is a disgusting company.

So is the US government for that matter.

Tue, 04/19/2011 - 10:09 | 1183659 Long-John-Silver
Long-John-Silver's picture

First they forced us to buy Health Care Insurance.

Will they now force us to buy a Chevy Volt?

Tue, 04/19/2011 - 10:16 | 1183699 bob_dabolina
bob_dabolina's picture

I wouldn't buy a GM product with my worsed enemies credit.

Tue, 04/19/2011 - 11:16 | 1184031 ExpendableOne
ExpendableOne's picture

I inherited a Buick from my Father.  Drove it for 5 years (hey it was paid for).  Last month, it caught fire in the Costco parking lot and burned up the engine compartment.  My new ride is a Honda Ridgeline.  Never set foot in a GM, Chrysler or Ford showroom.  

Tue, 04/19/2011 - 16:18 | 1185521 MrBoompi
MrBoompi's picture

I have a Ridgeline and a BMW, but I also own a '65 Chevy Caprice with a 396. Frankly I like all three vehicles very much.

Tue, 04/19/2011 - 10:19 | 1183706 Urban Redneck
Urban Redneck's picture

Fuck the Volt and sink GM, get VW to start producing the XL1.

Tue, 04/19/2011 - 10:25 | 1183723 Sudden Debt
Sudden Debt's picture

I bet your post is being printed and put in "the idea box"


... somewhere in the Washington area...


Tue, 04/19/2011 - 10:09 | 1183663 SDRII
SDRII's picture

Need to buy subprime lender ASAP

Tue, 04/19/2011 - 10:12 | 1183664 pauldia
pauldia's picture
Government Gov’t Looking to Sell its GM Stock — A Potential Loss of Over $11 Billion

Posted on April 19, 2011 at 9:44am by Jonathon M. Seid


and this................




Tue, 04/19/2011 - 10:10 | 1183666 Seasmoke
Seasmoke's picture

i want to see GM go to zero, even more than BAC

Tue, 04/19/2011 - 11:05 | 1183982 Jay Gould Esq.
Jay Gould Esq.'s picture


Tue, 04/19/2011 - 20:03 | 1186276 prole
prole's picture

How many times can the Trabant Motor Company go bankrupt?

Tue, 04/19/2011 - 10:14 | 1183677 orca
orca's picture

"Good luck with that: not even State Street can institute a short squeeze of such epic proportions."

Yes they can, they did it pre-crash with entities like FNM and also GM.
And yes they will. This bitch is worth playing contrary with calls once it breaks hard to the downside. Long only. They have the $$$$, they want it up, so let them buy it up for you.
And yes, afterwards they'll enter chapter 22, playbook is still fresh from the last time.
GM, the perma IPO of the 21st century.

Tue, 04/19/2011 - 12:45 | 1184495 fajensen
fajensen's picture


Tue, 04/19/2011 - 10:12 | 1183678 Tracerfan
Tracerfan's picture

Fair value is $0.00/share

Tue, 04/19/2011 - 10:18 | 1183700 treemagnet
treemagnet's picture

I just checked with Phil "Mr. Detroit" LeBoe, he said thats just wrong and mean spirited.  He asked "have you seen a Volt?"

Tue, 04/19/2011 - 10:57 | 1183929 SheepDog-One
SheepDog-One's picture

I've seen a Volt, burn down a house.

Tue, 04/19/2011 - 15:58 | 1185433 squexx
squexx's picture

Maybe they should change the name of "Volt" to "Old Sparky!" (Think electric chair.....)

Tue, 04/19/2011 - 10:15 | 1183684 Sancho Ponzi
Sancho Ponzi's picture

That's OK, Obama has a twofold solution:

1) Make government bigger and buy more GM fleet vehicles

2) Order LaHood to recall Camrys, Corollas, Fusions, Foci, F150s (done,) Altimas, Sonatas, Elantras, Civics and Accords.

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