http://www.thetruthaboutcars.com/sec-bans-shorting-gm-stock/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 05:29:06 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.thetruthaboutcars.com/sec-bans-shorting-gm-stock/comment-page-1/#comment-790361 CarShark Mon, 22 Sep 2008 20:02:07 +0000 http://www.thetruthaboutcars.com/?p=84262#comment-790361 In other stock news, oil went up $15/bbl in one day. Hoo, followed closely by a ray. (rolls eyes) In other stock news, oil went up $15/bbl in one day. Hoo, followed closely by a ray. (rolls eyes)

]]> http://www.thetruthaboutcars.com/sec-bans-shorting-gm-stock/comment-page-1/#comment-790161 ihatetrees Mon, 22 Sep 2008 19:05:53 +0000 http://www.thetruthaboutcars.com/?p=84262#comment-790161 October 3rd could be an interesting day. October 3rd could be an interesting day.

]]> http://www.thetruthaboutcars.com/sec-bans-shorting-gm-stock/comment-page-1/#comment-790031 gamper Mon, 22 Sep 2008 18:34:11 +0000 http://www.thetruthaboutcars.com/?p=84262#comment-790031 The companies on the short sell ban list are companies with significant mortgage backed assests or significant exposure to them. GM qualifies as half owner of GMAC. I believe General Electric and some other manufacturers with credit arms made the list as well. I dont think it matters that much, GM's stock price should be stable or climbing with the bailout looming, or until such time as the bailout goes bust. The companies on the short sell ban list are companies with significant mortgage backed assests or significant exposure to them. GM qualifies as half owner of GMAC. I believe General Electric and some other manufacturers with credit arms made the list as well.
I dont think it matters that much, GM’s stock price should be stable or climbing with the bailout looming, or until such time as the bailout goes bust.

]]> http://www.thetruthaboutcars.com/sec-bans-shorting-gm-stock/comment-page-1/#comment-789902 RGS920 Mon, 22 Sep 2008 18:17:01 +0000 http://www.thetruthaboutcars.com/?p=84262#comment-789902 It's a shame. As GM's stock price stands, there is no real reason to explain the upsurge in GM stock over the past week. Until GM can get in the red, GM stock deserves to be below $10. On top of the inflated stock price, if the Feds decide not to bail out GM the stock would plumit and shorts would have made a killing in the aftermath. A true lost opportunity... shorting GM right now would have been like shooting fish in a barrel. It’s a shame. As GM’s stock price stands, there is no real reason to explain the upsurge in GM stock over the past week. Until GM can get in the red, GM stock deserves to be below $10. On top of the inflated stock price, if the Feds decide not to bail out GM the stock would plumit and shorts would have made a killing in the aftermath. A true lost opportunity… shorting GM right now would have been like shooting fish in a barrel.

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