GM will sell 365 million shares, or about a quarter of the company's outstanding common stock, for between $26 and $29 a share.

Is it a buy or a short?

That IPO price is based on a 16:1 PE ratio, so it seems realistic for it to rise a little.

It needs to hit 50 for the government to get all its money back.

I will predict it will pop to 40 and be hovering around 36 in January.