GM, Held By 112 Hedge Funds, Slides Below IPO Price

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Thu, 02/24/2011 - 11:52 | 993099 Cookie
Cookie's picture

As predicted by ZH

Thu, 02/24/2011 - 12:03 | 993170 Ragnarok
Ragnarok's picture

As predicted by anyone who wasn't a shill.

Thu, 02/24/2011 - 12:07 | 993201 Hero Protagonist
Hero Protagonist's picture

I wonder how Phil Lebow feels about everyone calling his girl friend (GM) ugly?

Thu, 02/24/2011 - 12:34 | 993385 Common_Cents22
Common_Cents22's picture

he blamed it on fords earning release and a broad pull back on auto sector.

phil LeBlow

Thu, 02/24/2011 - 15:34 | 994215 Don Birnam
Don Birnam's picture

Phil "Shop Steward" LeBeau should really come clean with whatever viewing audience remains for CNBC, and make it official: go to work for the Administration.

Thu, 02/24/2011 - 13:00 | 993547 masterinchancery
masterinchancery's picture

GM had to be exempted from all securities fraud laws in order to float the IPO, and it is run by the UAW, which likes to pay itself bonuses. It is a scam financed by the taxpayers.

Thu, 02/24/2011 - 13:01 | 993549 YHC-FTSE
YHC-FTSE's picture

Not really predicted accurately. It took awhile, but we got there. I remember most gave it less than a week to fall below $33 back in November. I think I gave it two.

Thu, 02/24/2011 - 11:53 | 993116 buzzsaw99
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the bernank approves this message.

Thu, 02/24/2011 - 11:54 | 993119 camaro68ss
camaro68ss's picture

Thats why i go long FORD

Thu, 02/24/2011 - 12:00 | 993152 Common_Cents22
Common_Cents22's picture

The new ford explorer looks great!  F needed some new design.

Thu, 02/24/2011 - 12:04 | 993180 AnarchoCapitalist
AnarchoCapitalist's picture

So says someone who named himself after a Chevy product.

Thu, 02/24/2011 - 12:48 | 993474 ColonelCooper
ColonelCooper's picture

I thought it was kinda funny.

Thu, 02/24/2011 - 11:55 | 993124 kaiten
kaiten's picture

Breaking news from REUTERS:

Saudi national arrested in Texas on charge of attempted use of WEAPONS OF MASS DESTRUCTION!


Thu, 02/24/2011 - 11:59 | 993145 chumbawamba
chumbawamba's picture

Thanks for the link.

Thu, 02/24/2011 - 12:08 | 993214 chumbawamba
chumbawamba's picture

That was sarcasm.  Next time, post a fucking link.  This is the internet, not paper.  Even then, get a fucking pen.

I am Chumbawamba.

Thu, 02/24/2011 - 12:10 | 993225 Hero Protagonist
Hero Protagonist's picture

I thought he was joking...

Thu, 02/24/2011 - 12:15 | 993267 chumbawamba
chumbawamba's picture

What I can deduce from that one paragraph magnum opus of a news article is that the guy was probably just doing a chemistry experiment, and some Texas Ranger yahoo thought he'd build his career on it.

Weapons of Mass Disinformation.

I am Chumbawamba.

Thu, 02/24/2011 - 12:44 | 993453 Oh regional Indian
Oh regional Indian's picture

How's twitter working out for you Chumba? Life changing? Altering?


Thu, 02/24/2011 - 14:07 | 993835 chumbawamba
chumbawamba's picture

It was fun for about four hours, then I ran out of short things to say.

I am Chumbawamba.

Thu, 02/24/2011 - 12:31 | 993373 kaiten
kaiten's picture

There was no link/article when I posted it - just a headline on the reuters page.

Thu, 02/24/2011 - 11:59 | 993146 tmosley
tmosley's picture

That is the standard charge for farting in an airport.

Thu, 02/24/2011 - 12:08 | 993202 chumbawamba
chumbawamba's picture

During a crotch inspection.

Thu, 02/24/2011 - 12:07 | 993168 cowdiddly
cowdiddly's picture

That will be good for a 400 point rally. Buy the freaking mushroom cloud.

Thu, 02/24/2011 - 12:20 | 993303 karzai_luver
karzai_luver's picture


Wake me when they arrest a bankster , ok?


Thu, 02/24/2011 - 11:57 | 993131 gwar5
gwar5's picture

Who was stupid enough to buy it anyway? It was never a keeper.


Thu, 02/24/2011 - 11:57 | 993132 DonnieD
DonnieD's picture

This makes my day.

Thu, 02/24/2011 - 11:57 | 993133 chumbawamba
chumbawamba's picture

You all suck at forecasting.

I am Chumbawamba.

Thu, 02/24/2011 - 11:59 | 993151 tmosley
tmosley's picture

Access denied?

Thu, 02/24/2011 - 12:02 | 993158 SheepDog-One
SheepDog-One's picture

You suck at linking.

Thu, 02/24/2011 - 12:45 | 993454 EB
Thu, 02/24/2011 - 14:01 | 993818 SheepDog-One
SheepDog-One's picture

Who cares about forecasting? Theyre all wrong, however overall everyone was correct at this point, its below IPO, who gives a shit about the timeline.

Thu, 02/24/2011 - 11:57 | 993135 lieutenantjohnchard
lieutenantjohnchard's picture

stuff the inventory pipeline much?

Thu, 02/24/2011 - 11:58 | 993137 LawsofPhysics
LawsofPhysics's picture

Never had a short pay so well.  Wheee indeed.

Thu, 02/24/2011 - 11:57 | 993140 JNM
JNM's picture

And bragging about profits and bonuses...

Thu, 02/24/2011 - 12:01 | 993159 bankrupt JPM bu...
bankrupt JPM buy silver's picture

anyone have an H1 looking to sell?  Need to convert it to Nat gas before the end game here...holla

Thu, 02/24/2011 - 12:01 | 993163 Scottj88
Scottj88's picture

If you haven't by now, you should really look at silver miners... some such as Great Panther (GPL) have had 400% returns in 6 months...

Buy Physical Silver

Ron Paul 2012

Thu, 02/24/2011 - 12:02 | 993171 maxcody
maxcody's picture

GM is gone like like many american giants -  KodaK

was great and lived off the stolen technology it stole

from Germany and Japan afte WWII.  Where is a midsize

pick up with great MPG's?  Where is a Natural Gas Car

which you could fill up at 75 cent a gallon?  Nat Gas is cheap and abundant.  Where is a energy policy is this

of Obama.

Thu, 02/24/2011 - 12:30 | 993366 Nels
Nels's picture

Here is one of your natural gas cars.  Cheap, abundant, but maybe not so safe.

Thu, 02/24/2011 - 12:55 | 993500 Translational Lift
Translational Lift's picture

oBummer is handing out $7,500 tax credits for buying a Gubment Motors electric car (Chev Volt) with borrowed money which he will then tax us to pay back the money he borrowed to pay the tax credits.  He also bought most of the GM electrics that were sold to give to the poor under paid gubment employees.  I wonder if he gives the gubment $7,500 credit also???

Thu, 02/24/2011 - 12:05 | 993173 SheepDog-One
SheepDog-One's picture

GETCO more likely swimming off Shark Beach with a filet mignon bathing suit.

Thu, 02/24/2011 - 12:03 | 993178 camaro68ss
camaro68ss's picture


Thu, 02/24/2011 - 12:10 | 993199 karzai_luver
karzai_luver's picture

I just have one wish , to live to see the day this bastard hits fukin ZERO!




Mark that mofo ZERO!


Short it to hell.

Obeyme eat that you bitch!


Everytime I see one of those fab GM bolt buckets I want to blowtorch the damn thing.



Thu, 02/24/2011 - 12:07 | 993187 tahoebumsmith
tahoebumsmith's picture

No surprise here and when gas prices hit $ 5.00 a gallon you can be sure the price will drop down below $25. All those Chevy 1500 and 2500hd series stacked on dealers lots will become anchors. Not to mention the Denalis and Escalades, Suburbans and Yukons. And all the people hoodwinked into buying these gas guzzlers at 0% over the last six months will soon realize they are buried in them and wont even be able to put gas in their coffins on wheels. I hope GMAC has a plan for car squatters because jingle mail is soon to include not only the house keys but the family gas guzzler as well. And for those who have a GMAC Mortgage and the GMAC auto loan it will save you money on postage because they will only need one stamp.

Thu, 02/24/2011 - 12:08 | 993211 topcallingtroll
topcallingtroll's picture

Buy one cheap.
Convert to natgas for 3000 bucks installed.

Thu, 02/24/2011 - 12:08 | 993212 Bill Lumbergh
Bill Lumbergh's picture

Who says history does not repeat...I feel like we are in early 2008 all over again.

Thu, 02/24/2011 - 12:14 | 993262 karzai_luver
karzai_luver's picture

anyone with either should be put on trial for crimes against America.


Why don't you just pack all that shit up ad move to n. korea.


And you "folks" who bought all those nice new vehices off that goobermint handout can just die , K!


I see some of these tea party fucks around here braggin about the great deals they got from the last round of goobermint handouts.

Well, Mabel been good to me , she deserves a new gooberment car.




Thu, 02/24/2011 - 12:24 | 993331 Pladizow
Pladizow's picture

Why do you think GM puts OnStar in its vehicles - Repo Bitches!

Thu, 02/24/2011 - 18:59 | 995059 BenLightYear
BenLightYear's picture

Im looking forward to the day the SUV market bottoms 

out personally. At 5'5 and 130 lbs i can comfortably live

in one. Just need a place to park it which shouldnt be hard

to find with all the abandoned driveways sittin around. 

A little investment in some armoring it up and ill have a 

nice little fortress. 

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