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I didn't say "price spike", I said "distort the price". There is no question that the government's large stake in GM -- and their desire to unload it over the
by lotharbot 13y ago
I didn't say "price spike", I said "distort the price". There is no question that the government's large stake in GM -- and their desire to unload it over the next 6 months or so -- means that there is some degree of "oversupply" of GM stock. Investors, whether buyers or sellers, have to factor that into their decisions regarding GM stock.
I'm not convinced that the market for GM stock is sufficiently liquid to mitigate that.