OT-Any GM employees/retirees-GM IPO

Fogey · 11-17-2010, 03:12 PM

I fell asleep at the switch and didn't meet the 10/22 registration date. Just curious what the details were. How many shares or $s, min/max. Do you have to hold for any period. For example, if you buy tomorrow can your sell tomorrow? etc. Just curious as I think I may have missed a chance for a few quick bucks. Love IPOs but difficult to get in for the average guy like me.
BTW- Did read search threads but didn't see one that addresses these questions.

Fraxum · 11-17-2010, 08:55 PM

Stay away. You will lose your shirt.

*DGthe3* · 11-18-2010, 01:35 AM

Quote:

Originally Posted by Fraxum

Stay away. You will lose your shirt.

Why?

Are you basing that solely on the logic of 'they went bankrupt once, they'll do it again before I can sell'?

FenwickHockey65 · 11-18-2010, 01:59 AM

Quote:

Originally Posted by Fogey

I fell asleep at the switch and didn't meet the 10/22 registration date. Just curious what the details were. How many shares or $s, min/max. Do you have to hold for any period. For example, if you buy tomorrow can your sell tomorrow? etc. Just curious as I think I may have missed a chance for a few quick bucks. Love IPOs but difficult to get in for the average guy like me.
BTW- Did read search threads but didn't see one that addresses these questions.

Minimum was 50 shares, which the parents and I split. Not sure about a hold period, but I'll probably hang on to my shares for a while.

2ndgenz28 · 11-18-2010, 04:05 AM

Long as China still loves Buick, GM can go no where but up.

When or if China's intrest drop off, sell.

el ess A · 11-18-2010, 05:53 AM

Big risky move IMO. I hope I'm wrong, but there's still way too much baggage with GM as a business coupled with the fact that even if the fed sells some stocks, we still own 40% of GM. Not what a lot of investors have faith in.

If you buy it at 33 or thereabouts, be prepared to keep it for a while. Or dollar cost average to keep the pain minimal.

Remember, when it comes to investments, keep your emotions out of it. You will likely lose your shirt if you don't.

I hope I'm wrong.

2ndgenz28 · 11-18-2010, 07:54 AM

Also depends on how ricch you are, buy enough and a .25-$1 gain that will happen can be worth millions.

Only down side to stocks; being the little guy.

HeatherR · 11-18-2010, 09:55 AM

Fen's right min. of 50 shares.

When you registered you "requested" the amount you wanted to buy and then you were reserved a number up to that amount. We were "reserved" the amount we requested, so I am not sure if there was a limit?

We also plan on holding ours so I am not sure if there was a time required to hold set or not.

A lot of faith in the company and where they are headed. I guess I don't buy into the Government Motors conspiracy theories...

11-17-2010, 03:12 PM	#1
Fogey Drives: 2011 2SS/RS A6, IOM Join Date: May 2009 Location: West Los Angeles Posts: 1,242	OT-Any GM employees/retirees-GM IPO I fell asleep at the switch and didn't meet the 10/22 registration date. Just curious what the details were. How many shares or $s, min/max. Do you have to hold for any period. For example, if you buy tomorrow can your sell tomorrow? etc. Just curious as I think I may have missed a chance for a few quick bucks. Love IPOs but difficult to get in for the average guy like me. BTW- Did read search threads but didn't see one that addresses these questions. Last edited by Fogey; 11-17-2010 at 03:16 PM. Reason: add'l info

11-18-2010, 05:53 AM	#6
el ess A Older Than Dirt Drives: 2010 & 2013 Camaros Join Date: Apr 2010 Location: Aiken, SC Posts: 4,684	Big risky move IMO. I hope I'm wrong, but there's still way too much baggage with GM as a business coupled with the fact that even if the fed sells some stocks, we still own 40% of GM. Not what a lot of investors have faith in. If you buy it at 33 or thereabouts, be prepared to keep it for a while. Or dollar cost average to keep the pain minimal. Remember, when it comes to investments, keep your emotions out of it. You will likely lose your shirt if you don't. I hope I'm wrong. __________________ 2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54

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11-17-2010, 08:55 PM	#2
Fraxum Drives: a M6 LT1 ordered From Becky!!! Join Date: Jan 2010 Location: NJ Posts: 7,520	Stay away. You will lose your shirt.

11-18-2010, 04:05 AM	#5
2ndgenz28 Thread Killer Drives: All Black Join Date: Aug 2009 Location: NWO Toledo Area Posts: 4,720	Long as China still loves Buick, GM can go no where but up. When or if China's intrest drop off, sell.

11-18-2010, 07:54 AM	#7
2ndgenz28 Thread Killer Drives: All Black Join Date: Aug 2009 Location: NWO Toledo Area Posts: 4,720	Also depends on how ricch you are, buy enough and a .25-$1 gain that will happen can be worth millions. Only down side to stocks; being the little guy.

11-18-2010, 09:55 AM	#8
HeatherR Drives: 2009 CTS, 2008 Solstice GXP Join Date: Oct 2008 Location: Keller, TX Posts: 769 View My Garage	Fen's right min. of 50 shares. When you registered you "requested" the amount you wanted to buy and then you were reserved a number up to that amount. We were "reserved" the amount we requested, so I am not sure if there was a limit? We also plan on holding ours so I am not sure if there was a time required to hold set or not. A lot of faith in the company and where they are headed. I guess I don't buy into the Government Motors conspiracy theories...