Frankly, IMO, only the Chinese and fools will throw their Money into GM stock. zero ripped the stockholders off once and there’s nothing to keep him from doing it again. At $33/share, I think the stock is overvalued and will drop quickly after the IPO.
No one in their right mind will buy the stock or their vehicles.
A local father and son stock broker show on the radio is always gushing over Obama and GM’s IPO. Their clients are old senile union ny’ers.
I wouldn't touch GM issues with a fork.
I suspect they might go up sharply, but only briefly, as the Obama shills try to wow us with false enthusiasm (we know better by now, Mister Obama.)
The number of short positions could be a key indicator.
Then, I suspect that in (days? weeks? months?) smart money will bail, stop loss orders will start clicking in, and the fools who bought and kept GM will have a loss, with no turnaround in sight.
Bright side? Yes, there is one.
Anyone losing money on GM stock might at least be happy that they didn't buy a VOLT.
(Note: I don't give investment advice, so if you buy GM and actually make money, good on ya.)
.