I wanted to show my support for the President, for the (too small) stimulus. I concluded that what is good for the country is good for General Motors and vice-versa. And since I have more confidence in the growth strategy of the Chinese Communist Party than in that of the Republican Party I was reassured that the Chevrolet hybrid electric - the Volt - the Car of the Year - has gone on sale in China where I expect the CP to buy a lot of them.
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| Chevy Volt in China |
So on the morning of the GM IPO I placed an order for 200 shares. Placed at $35.19 about 10 AM. Closed at 3 PM down $1.00/share. Well at least I helped the U.S. Treasury by taking some of those shares off its hands.
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