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!

1 Comments:

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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