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General Motors Company Message Board

  • iffydog iffydog Oct 22, 2012 11:40 AM Flag

    shorts making all the money!


    With GM just borrowing another 25 billion and GM has not brought back one share of the 500 million million shares the fed hold. Shorts will keep making money on the dog. UAW and Canada would like to sell their 300 million shares. Bondholders from first BK are still waiting for their money back. The people who lend GM money may need to wait forever. Make some real money short GM

    Sentiment: Strong Sell

    This topic is deleted.
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    • "shorts making all the money!"

      Are you really MAllen? He lies about shorts making money too.
      Let's take your post point by point:

      In the past 90 days, GM is up about 27% compared to the S&P500 at 6%. CYTD GM is up 21% vs the S&P at 14%. Shorting heaven, right? But it’s a poor investor that looks rearward. What are you reasons for thinking it will go down from here?

      “With GM just borrowing another 25 billion…”
      You’ll have to enlighten me what convoluted math says that GM has just borrowed $25 billion, I’ll look forward to seeing that in a week on their Q1 balance sheet.

      “…and GM has not brought back one share of the 500 million million shares the fed hold”
      And why would they? It was an absolutely brilliant move on GM’s part to accept the deal the government proposed to convert debt to equity. But then again, one doesn’t have to be all that smart to out maneuver the government. If you were GM CFO for a day, would you buy back those shares? At what price?

      “UAW and Canada would like to sell their 300 million shares.”
      Really? Why don’t they? If you’re right and the stock begins to go down, they certainly should sell. Apparently they disagree with you.

      “The people who lend GM money may need to wait forever.”
      Well, you have made some progress. At least you aren’t saying they haven’t repaid a dime yet, maybe you are capable of learning on a primitive level. GM is retiring debt every quarter. Learn to read a balance sheet.

      “Make some real money short GM”
      I recommend you do just that. You seem to be absolutely convinced GM will begin to go down from this point. You should sell any assets that you MAY have, borrow ALL you can, establish a margin account with eTrade, and go all in if that’s what you believe and you are as positive about it as you portray. Put up or shut up. Frankly, I’m hoping for the latter.

      I have no illusions about you replying with some credible argument. I’ll just be happy about you being the fool once again.

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