tag:blogger.com,1999:blog-26981669.post4265807978941216707..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: GM's IPOJim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26981669.post-66562338603625061352010-11-18T16:55:40.928-06:002010-11-18T16:55:40.928-06:00Thought this was interesting
GM debut weak, but ...Thought this was interesting <br /><br /><a href="http://www.marketwatch.com/story/gm-debut-weak-but-analysts-say-thats-good-2010-11-18" rel="nofollow">GM debut weak, but analysts say that’s good</a><br /><br /><i>Some IPO investors often sell the shares they get on the first day to try to lock in a quick profit, Sweet said, calling this strategy “flipping."<br /><br />GM’s offering was no different, with more than 450 million shares trading on the first day. That means almost the entire tradable stock of the company changed hands on Thursday, Sweet said.<br /><br />Traders who flip IPO stock are considered “renters,” according to Sweet<br /><br />“The renters are gone. The owners are now in,” he said. </i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-1564871548273594552010-11-18T16:51:16.296-06:002010-11-18T16:51:16.296-06:00Close on 11/18:
Ford = $ 16.12
GM = $ 34.19
My ...Close on 11/18:<br /><br />Ford = $ 16.12<br />GM = $ 34.19 <br /><br />My daughter bought 6 GM shares todayJim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.com