Should I get in on GM's IPO?

Kjakjnk Khdajsh

New member
I am considering contacting my broker Morgan Stanley, and requesting a buy order on GM. I was informed I'm too late for the allotment, though I'm almost positive the price will return to a lower than fair price after the spike. Any thoughts? I'm considering buying 50-60k. My portfolio is about 500k. Does this sound like a good plan?
 
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