CAMARO6 - View Single Post - G.M. Prices Its Shares at $33 in Return to Stock Market

LOWDOWN · 11-19-2010, 10:39 AM

Ask yourselves this:

When the IPO pricing was "suggested" @ $26-29/share, awhile back, what happened in the interim to suddenly make it "worth" $33? Let alone $35.99? Did GM suddenly increase sales/market share by 38%? Did its profits soar beyond "reasonable expectations"? Were there any truly stunning developments beyond an "interim" 3rd Quarter statement (just in time for the actual IPO), whose results will likely be moderated overall by Year End?

"Emotion". Wall St.'s favorite kool aid...

11-19-2010, 10:39 AM	#48
LOWDOWN Downright Upright Drives: Daily Join Date: Apr 2009 Location: Cruisin'... Posts: 4,145	Ask yourselves this: When the IPO pricing was "suggested" @ $26-29/share, awhile back, what happened in the interim to suddenly make it "worth" $33? Let alone $35.99? Did GM suddenly increase sales/market share by 38%? Did its profits soar beyond "reasonable expectations"? Were there any truly stunning developments beyond an "interim" 3rd Quarter statement (just in time for the actual IPO), whose results will likely be moderated overall by Year End? "Emotion". Wall St.'s favorite kool aid...