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So... Are you getting in on the GM ipo today?

Discussion in 'BlackHat Lounge' started by PlatinumPi4u, Aug 17, 2010.

  1. PlatinumPi4u

    PlatinumPi4u Junior Member

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    Looks like it was at $0.75 as of today.

    The new incoming president is from the carlyle group. Way to go.... :rolleyes:
     
  2. Chronos

    Chronos Junior Member

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    I was going to wait and see how the public receives the new stock offering over a few days of trading.
     
  3. PlatinumPi4u

    PlatinumPi4u Junior Member

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    Although everything is a huge scam, I may get in and get out with a few $100 just to mess around and see... I remember Apple was at 15$ at one point, like when they first came out with the powerPC macs....
     
  4. SweetOnion

    SweetOnion Registered Member

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    I would advise you NOT to get into IPOs. They are very hard to evaluate in terms of price. Also the risks are high because there is no universal proven factors that will tell you if a certain company will succeed. It is true that people who bought in at IPOs for firms like Google and eBay has made a kill, but i personally would not get involved. Even though GM is a restructured company with much of its toxic assets dumped, it could still be pretty risky.

    I haven't looked in this IPO in particular, but the general rule of thumb is that if you, as a retail investor, can buy in at published prices, this is a deal you dont wana be involved in, reason being that if this is a good deal, institutional investors would already have snatched up those shares, leaving you with higher prices. I would advise you wait about 2 months, until the volatile prices have stabilized, and do your research on the firm.
     
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  5. futuremills

    futuremills Regular Member

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    im a n00b to atock market...is it 75cents a share? where can i buy it at? i know some places offer online let you open an account without a min? sorry for the n00bish questions :)
     
  6. timothywcrane

    timothywcrane Power Member

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    Occupation:
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    If you want to lower your risk (theoretically of couse) you could look for a penny sludge fund that has the new IPO thrown ito its mix. With the volitility of IPOS in general, it might carry a quite large percentage of the funds up or down movement for the short term.

    Then make sure that you are not a US citizen and hyperbole for the dump. Or even devilishly more so, get some penny stocks and trade a fund of your own, using incoming capital for your first push pick, GM.

    I am not a stock broker and my FTC statement is on my newest website Google.com