Quote:
Originally Posted by Sandor
Luck not needed, the company is doing well and so will the stock. Just bought my shares.
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I meant buying. The small investor isn't going to be able get anywhere near it.
http://www.sltrib.com/sltrib/money/5...money.html.csp
Quote:
New York • When General Motors finally offers stock to the public Thursday, small investors will probably be on the sidelines.
Pension funds, mutual funds and other big institutions all want a piece of the rehabilitated GM. That means the three dozen banks divvying up the new shares may not have much left for individual investors.
And being left out of the initial public offering can mean being left out of some big profits. Shares of newly public companies sometimes jump 10 percent or more on the first day of trading, handing easy money to those lucky enough to get access at the offering price.
“Wall Street is only begrudgingly involving individual investors,” laments David Menlow, founder of research company IPOfinancial.com. The attitude is it’s “our ball and our rules.”
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