Trading post-bankruptcy bounces Message Board

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Microcap & Penny Stocks : Trading post-bankruptcy bounces

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To: Real Man who wrote (50)	5/26/2009 7:02:54 PM
From: RockyBalboa	of 93

They are so darn obvious. In the middle of the session, the GM call options began to build up a decent premium (of more than 10c), pointing to relaxed pressure on stock and yes, soon thereafter it rallied. but all told options gave in a lot today, as a whole. GM bonds did little, but at circa 4.75%, 5% some issues saw quite some buying. The bonds traded otc are 15% cheaper compared to the exchange listed retail bond products. Then here´s a small kicker: However, the final makeup of a reorganized GM remained unclear Tuesday. GM's tentative agreement with the UAW was revealed to union members Tuesday, and it would give the union a 20 percent stake in the company. That would leave 19 percent of the company's shares unaccounted for. It remained unclear whether those would go to the government or perhaps to sweeten the offer for bondholders. finance.yahoo.com But one last thought on it before I go to bed: If GM really needs 40 to 70B super senior DIP financing (as earlier indicated), anyone should forget about bonds or stocks,..

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