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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Square_Dealings who wrote (71268)10/6/2006 7:08:59 PM
From: mishedlo  Respond to of 110194
 
GM down possibly because captain Kirk withdrew his offer to buy more shares.

Playing hardball with the board over refusal to work with Nissan?

Mish



To: Square_Dealings who wrote (71268)10/6/2006 8:59:42 PM
From: Ramsey Su  Respond to of 110194
 
I have been wondering about that ever since the news broke and the GM stock started swinging all over the place.

We know GM debt is one of the heaviest traded instrument out there. There must be mountains of credit derivatives riding on that dog. Fancy arb plays. Hedges. Could there be a blow up happening somewhere? Could a hedge fund such as Amaranth be having problems?

If yes, I suppose we will find out after the fact.