Wall Street Manna

An irreverent look at Wall Street

Wednesday, December 2, 2009

GELYF gets a loan!

GELYF(.51) has lined up loans from three Chinese government banks--Bank of China, China Construction Bank and Export-Import Bank of China to bid for Ford's Volvo unit that is being sold.

When there were rumors that GELYF wouldn't get Volvo, the stock pulled back 10%. GELYF was advertised here, on September 23 when Goldman Sachs put money into this name at 30 cents.

With this news, this number is looking even better!


At December 2, 2009 at 9:45 PM , Blogger Gollywobbler said...

Thanks for the tip on this one, its done me well. i owe you a steak dinner or something.

and now its seems that goldman is pimping all of china for 2010.


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