Lehman ABS CorTS 2001-08 7.375% General Motors (CCYPQ)

[marayatano]

Actually I have already sold a while ago, BUT I do hold the original GM mini senior notes which I am going to keep since the GM IPO is oversubscribed by at least 5 times and the majority of the new GM holders will be institutional holders.

I was mainly interested in the first set of warrants.

Once the stock is available for me to sell, I will sell, anticipating there will be a dip since people in the same situation as me (holding the mini senior notes) will take advantage to cash out.

Then, I may buy back on the dip and hold (just depends on how the the market is at that time - i can't tell the future).

I am not a fan of American cars, however, I think that there are enough "pro-Americans" holders to make GM's PPS stable and appreciate in the long run.

imo