iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

THE FINAL WORD ON THE GENERAL MOTORS IPO

I’ve been especially mum about the perverted developments out of General Motors, specifically because it’s not my parade. Let me be perfectly clear: you bullshit 10th tier firms need to stop bitching and complaining about “lack of access” to the GM ipo. You are not Goldman and certainly not Morgan, so you need to fuck off sideways, retard style, down a flight of slippery steps. The ipo is for closers only.

Do not go on Fast Money and discuss how you were “left out in the cold” to rot and die a government death. Instead, you should be waving American flags and handing out large candy bars to children, for America is back, baby. The ipo of GM, priced at $33, likely to trade $36, is a boon for many institutions and large retail investors across the country. Does it matter that the government gave them $50 billion dollars to stave off collapse?

ABSOLUTELY NOT.

Those idiots give everyone money; that’s not the point. Plus anyway, it’s not “our money” anyway, but China’s or THE BEARDED CLAMS’.

The General Motors is all about fucking up Detroit, while on viagra pills. They don’t have time to worry about profit margins and “shareholders.” I am dead fucking serious about this, so listen up. The General Motors corporation is a relic of American industry. It represents all that was and could be great. Tomorrow’s ipo will be applauded and it will give a boost to the markets, if only for a day. People want to believe in something tangible and GM gives them cars that look like shit. But it’s our shit and now we really, really want to sell it to the unsuspecting Chinese folks, over in Huaxi.

The final word has been spoken; therefore, any word on GM after this post should be discarded immediately and the author in violation of my copyright should be reported to your local magistrate, IMMEDIATELY.

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60 comments

  1. Grim Reaper

    Futures ramping………

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  2. noodle

    looks like NFLX really might of been a neat buy

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    • The Fly

      FTK breaks $3 tomorrow. You heard it here first.

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      • Dayman

        (This comment brought to you by the yahoo finance message boards)

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        • The Fly

          Thanks for the disclaimer.

          TIMBERRRRRR

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          • No regrets

            I can count on one hand the number of times I’ve been back to a yahoo message board since I started reading this here blog.
            Truth be told, I found out about Fly from the Mavis board..

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      • Yabollox

        At $3 I sell FTK, it will be long time before FTK spends any length of time trading above $3.03.

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      • D

        SOAB, FTK just hit 3.10. Sold mine at 2.59 for some nice change but nothing like the GM infused fed train chugging along today. OpEx Friday will be a train wreck. Denzel can’t save this runaway caboose..

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  3. Skynet

    But what do you really think C.E.O. Fly?

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  4. Help Me

    Buy Japanese.

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  5. Bullish

    No comment

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  6. Bullish

    Whoaa… I found the time machine! Ill let you guys know how the open goes at 8:30… Lol

    (i think the iPhone time is off)

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  7. Yabollox

    Say anything about GM ipo and the ghost of Mao Ze Dong will give you a bad case of vaginitis.

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  8. Yabollox

    I would buy a new 1958 Cadillac.

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  9. Bullish

    2011 Caddy, nope. I’ll stick with my Japanese.

    But I do think the Emerging mkts will.

    Has anyone watched the new show on A&E where the truck drivers drive in India? They basically dont have roads – huge potential to sell them some cars. They currently drive rust buckets with wheels.

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  10. Le Fly

    Thats why cmi was such a good buy at $40

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  11. Jason

    I owned an escalade in 2004, gotta admit that shit was sweet.

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  12. Skynet

    Turkish Airlines – I sing that damn tune all day;

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  13. Fred

    you’ve been on fire lately Fly

    PS. what about holding the bloggers accountable for their pics via a monthly P&L on the sidebar?

    Chess and Danny posting charts like ADD riddled retards

    its the same as waving a loaded gun around

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  14. Skynet

    Nikkei ends at a 5-Month High;

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  15. Trading_Nymph

    OK, I have a question. China is coming out with some of their basic concepts of Price Controls, China Market not really not knowing what to do with it. Yes, Korea Intervention popped the eur/usd and helped china commodities…..but in 2008, China Price Controls killed their Markets, Why won’t it be different this time?

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  16. Fabian

    Fly,
    You do not know what you are talking about when it comes to cars, but then most don’t know what they are talking about when it comes to…well, anything.
    At least you know about other subjects and are learning about markets …so carry on.

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  17. logicalthought

    >>The ipo is for closers only.<<

    Somehow, "You drove a Chevy to get here. I drove an eighty-thousand dollar Cadillac CTS V"…

    …just doesn't quite have the same ring to it!

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  18. silentmax

    You guys have no idea how popular gm cars are in china.
    i dont know where they make the Buicks and Cadillacs they sell in china but my goodnes they seam to like it a lot over there. there is no way japanese cars will ever be really popular in china its either you go korean or american. and the european niche on the side

    i say just drastically wind down the gm market in america and sell like mad in china.

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    • drummerboy

      you have absolutely no idea why gm went bankrupt you fool………………..you know nothing

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  19. Bullish

    Now that 1958 Cadillac would be worth buying!

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  20. mrkcbill

    FREE COOKING OIL FOR EVERYONE!!!

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  21. FIG

    FAZ is not looking so faztastic right about now. Although, I honestly believe this rally should be shorted.

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    • riggedgame

      Fix your computer clock.

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    • Yabollox

      The TSA is a clusterfuck kneejerk response to 911. We’re too proud to profile the hijacker types which would really do more to improve safety.

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    • drummerboy

      i’m glad i dont use airlines…..but for yrs,myself,and others are sick and tired.to the point that,for me,i want to see blood on the streets.that is the only way we will take back our country from the 2 party tyrants.this bullshit about the voting booth……….just dont cut it for me anymore. in the last 25 yrs. i have seen my country turned into a cesspool. fuck the politicos, national,and local. and its the local motherfuckers whose fucking blood i want to see on the asphalt. ………..problem is…………….NOBODY HAS ANY BALLS!

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    • drummerboy

      i dont have it with me. but if you can get page 107 of the health care bill. get ready to be real pissed,on who is exempt from it……………..see how much you like your country now……almost makes you want to see your president die in a plane crash

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  22. Rabbit And The Turtle
    Rabbit And The Turtle

    Just a short while ago for example ford was a dollor something, Fcx 20 bucks, i could go on…if we would have just bought a basket of good companies and held them this whole time..just a thought

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  23. Rabbit And The Turtle
    Rabbit And The Turtle

    The only ones i have kept are the ones that i had to keep because of being under water with them. For most that is how it goes.

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  24. Yabollox

    FAZ dropping in value faster than a 2009 Cadillac.

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  25. Le Fly

    Fly sells 10,000 FAZ !

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  26. TraderCaddy

    It’s fun to watch the Big Boyz try to keep GM from falling below the LOD (35.00).
    INTC,BAC,JPM acting squirrely.
    Maybe a little to quick in ditching that FAZ.

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  27. casque

    I cant belive that u were fool enough to buy FAZ ahead of Goverment Motors DAY!!!
    you need to be the BIGEST LOSSER
    I’ll said it again!!!
    how can U think U are a wise guy???

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