[SAJ]

If I were a gambler, I'd put the over/under on GM's IPO price at $24. That's just an indicator of how irrational this mkt is.

At the moment, I have exactly zero share positions. Not trading anything but option spreads, which (depending on the spread, of course) can be largely immune from the nonsense of the day-to-day marketplace.

I learned long ago (and have written quite a bit about the topic) that the retail trader is absolutely at the bottom of the information food chain, and should therefore ignore -- completely -- what the insiders and the 'smart money' are said to be doing at any given time.

[fight_truth_decay]

Thanks for your experienced/seasoned responses.