Shares Of Bailout Motors Plunge To Lowest Post IPO Price

Tyler Durden's picture

All the Koolaid drinkers who bought the government propaganda and Phil Lebeau's breathless praises of the world's worst automaker (and best channel stuffer) are certainly watching today's inexplicable plunge in GM shares with horror and pure terror. Now that GETCO is out of the picture, having failed to churn the crap out of the $33 IPO price, and keep it at support, ongoing realistic price discovery will soon send shares far, far lower, on both plunging Chinese car demand and dealer "channel stuffing."