[SAJ]

You may very well be correct. I’m just going to wait for the options to open (generally a month or so after the IPO, in the case of a ‘name’ stock).

[I cannot think of a name]

The problem I have with IPOs in general is that you are STILL buying part of a company and its future. And that future determines whether your investment goes up or down.

People always point to Google as an example of why IPOs are such a good deal. But I can point to at least ten times that many that went the other way. And I have huge doubts about GM.

They've made money during the past year - but only after receiving every break and forgiveness in the book. Now it's “stand on your own two feet time.” And I don't think the climate in Washington will again support pulling their a$$ out of the fire. If they go down again, it will be for the count.

Before I'd be willing to put a penny on that horse, I'm going to have to see it successfully run on its own for a couple of years.