How Long Before GM Trades Below IPO Price?

10 days my best guess.   33% owned by goverment still even after today.  It is very Soviet style company.  State run for the benefit of all. 

Come on now. Do you not realize the US Gov't owns GM. Do you not realize the weak dollar policy helps GM. In a few months, you won't be able to afford any car but a car made in USA. Get with the program...the sales and news flow over the next year will send this stock a lot higher until folks remember they just bought a GM. 

I would expect a gap up in the morning. If there's no follow through in the first half hour it will end the day lower.

The reason I said 24hr's instead of the 5 days which is a safe bet is that I don't think they will make it to 5 days.  CNBC is acting like a cheerleader for this stock for the past few weeks and half of their guests or more said that this IPO isn't good to hold long term.  Especially like that one Hedge fund guy from yesterday who said to sell and sell right away because he didn't believe in holding in Govt. Motors and it's long term viability.  As I said before, this company still have the same problems and they aren't going away.  These "paybacks" of govt. money was just GM paying back the govt. with money it borrowed from the govt..

If this stock shoots up to over 40, thats the govt. pumping it up with the help of some MM institutions.  If it stays four to 5 bucks above the opening price, the govt. is fighting to push it up with selling happening in great numbers.

1. Look at the ZH poll results.

2. Do the opposite.

3. Make money.

Curious IPO price: $33

Sounds like the usual suspects are perhaps signaling 'Never' (?) ...What are the odds?

Could be worth tracking for the influence of HFT propping above that floor 'value'....

Bernanke loves General Motors.  Think what will happen if this is not a success.

I figure it will be longer than 24hrs but less than five days. I don't see this leaky vessel standing for five days afloat but who knows, as much hoopla as it's gotten there could be a lot people with euphoric thoughts who in reality are idiots...who knows.

They kept the same symbol GM?  Figured they would have gone with UAW.

Just like some of the recent stories about the Fed's money "leaking" to emerging market Corporate ca-pex, so too will Corporate "America" divest themselves of unprofitable centers and reforge their identity on the profitable foreign markets. 

GM is a study in the new bankruptcy - shit canning the bond holders overnight, foist all your long term pension and health care obligations on a handful of union hacks soon to retire in Costa Rica and laugh as the taxpayer finances and then takes a lose on the new iPO.  GM will sell off the bad US operations to decay with the rest of Detroit and emerge anew with golden streams of China, Brazil and Africa? revenue.  One need only look to the Pension Guaranty Benefit Corporation and its continuing yet unspoken meltdown - read Fannie/Freddie part deux cubed - to see where this is heading.

I'm curious if Becky or any of her fellow cheerleaders at CNBC have asked their favorite financial folk hero Warren Buffett how many shares of this IPO he plans to buy.

I had a tough time deciding between 24 hours and never. I have a sneaking suspicion the administration has a strong interest in keeping this turd afloat. OTOH, markets tend to do what markets want to do regardless of what the criminals in charge want. In the end, I decided if the stock price was going to slide, it would happen pretty much right away. If it doesnt slide straight out of the shute, it probably never will. The IPO actually reminds me a lot of Google's for some reason. I was 100% sure that IPO would die a quick death, and I couldnt have been more wrong. So there you go...

Just a feeling it will do well initially, markets will rally with this junker for a few days on the hype...

Goat blow IPO

Too close to call.  A lot of negative sentiment about GM from folks I tend to disrespect but the hype is pretty thick.  I wonder more where the cash is going to come from.  IMO Treasury crashed the market trying to dump C.  In a thin tape, this could be a big pill so swallow.

Cramer is bullish on this IPO, says GM has bright future.

Is he having a laugh?

How transparent and stupid is the financial media in promoting this assonine IPO.  This oversubscribed bs and scarcity play to lure in all retail retards.  Lets make everyone feel like they CAN'T get in on the great deal.

All freaking criminals. 

So funny, I was asking myself this same question on my drive to Philly today, then got home and saw the post.

Logic would say 24 hours. But, I'm thinking it could be longer before the big traders and hedge funds get medevil on this stock. Since most of them are recipients of bailouts, (directly or indirectly), they will probably try to play nice until the gov completely liquidates its position. Then the barbarians will storm the gates. I'm thinking I'll get short or buy puts myself just before the gov sells its last lot.

If the FED can walk the SP to 1225 how in the hell is GM gonna fall on its face?  This piece of shit is a buy out of the gates for a quick pump and dump.  Absolutely no way with all this hype does this thing tank in early trade.

GM hasn't built anything decent in twenty five fucking years.  Their stock may be the only thing worth less than Heli-Ben's toilet paper.

I hope the buyer of Bernie Madoff's boxers can still get in on GM's IPO.

America loves failure.

The Hollywood actress with the worst behavior ever (Lindsay Lohan, Paris Hilton) become the biggest stars.

The Hollywood producers with the absolute worst records who make bomb after bomb (N. Night Shayamalan) can raise money for a new film at the drop of a hat.

The biggest political bimbo (Sarah Palin) is now a legitimate candidate for President.

Just look at Michael Vick in the NFL, now a huge hero.

A successful GM offering makes total sense.

There is lots of money and government behind this IPO. The market cheerleaders will be out in force (as they have already). I expect a huge up market day with the IPO going up as well... Friday and a few days after should be good as well as the little guys get suckered into buying the government motors shares.

It better go down.  As a shareholder (via gov) I want to sell our shares high.  IF it takes off after the IPO, it means we got too little for our equity and missed out on our reward for the high risk we undertook for the past 2 years.

Just 24 hours isn't a respectable amount of time for the insiders to get out.  All of 10 business days and the bagholders will have beaten the insiders out the fire escape.  No, five days is right.  Not too hot, and not too cool.  A Goldilocks IPO only a mother could love.  (Quite the mixed metaphor there.)

Markets been heading lower for a while now.  It'll be below it by eod.

GM stock ain't going down ever. Even ig GM doesn't sell one car in five years the stock is going up

What happened to hr3808?

All you 24hrs guys don't know how this is going to work.  While it will eventually be worth zero, it should trade up for a little while.  Ever hear of a greenshoe, I mean naked short that can be canceled?

Every dollar spent on this ipo will require a dollar to be raised from a sale in substution

Isn't the daily pomos meant to hold up the market and pump gm? Seems everyone is saying they'll flip this.

I really hope it flops and closes lower day one

http://www.huffingtonpost.com/2010/11/15/gms-ipo-5-reasons-to-avoi_n_783464.html#s182343

The $30 Billion in goodwill marked as an asset (according to the Huffington Post) is particularly worrisome for me.

Not in the near future...check out TSLA.  Initial sell off by insiders, etc...then rocket up.

I am quite sure PPT / Ben / Govt., will levitate the stock higher...IMHO

I dont think you fahkers have any idea how much money The Uncle Sam is gonna pour into the markets so this can be BOUGHT UP.

All y our IPO's are belong to us, make your time.

PS: I HOPE GM DIES AGAIN