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Wandered off somewhere...
Join Date: Aug 2004
Location: Grass Valley, Ca
Posts: 4,964
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GM is so low today because someone(s) sold a huge amount of GM short yesterday. From what I hear the normal day to day number of shares of GM being bought/sold is around 30 million. Yesterdayt it was 65 million. Yesterday was the day that the restriction on short sales came off.
A recent rule change keeps the names of those short selling private...only certain govt. officials can know. Rumors abound on who, what WS greedy exec, might have done it. I wonder ??? if it could not have been done by some one(s) overseas that wants to ruin our economy ??
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Mark...
Porsche Boxster S
2012 Jeep Wrangler Rubicon..Crush Orange
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