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boredhousewife

11/20/10 1:18 PM

#4720 RE: catty #4719

Wait to short GM since the options are out of end of month wait about 2 months see their earnings first. They are going to try and keep it above the line of the IPO price and then the fun begins on GM. If anything flip and trade first probably in the first few months of 2011 they will start shorting GM wildly. You are welcome. I watch both GM on TSX and US trade because of the currency difference GMM.U which is TSX exchange does better they trade close but the Canadian currency most likely will climb and that will make a difference in the GMM.U stock. If you to short do it on the US GM side.JMHO

mkendra

11/20/10 9:40 PM

#4724 RE: catty #4719

As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. On the other hand, institutional and retail investors can lend out their shares to investors who want to short them.

In other words, it's probably very difficult, if not impossible to find shares of GM stock to short this early in the game.