***huge night tonight!!*********, page-44

kerkorian to buy into gm Hi Danlupi,

The trouble with following the herd mentality is that you demonstrate partial, but not complete, knowledge of the markets.

For some time now, major US investors have been sitting on the sidelines, not prepared to commit cash to equities. Whether this translates as a buyer's strike, or undue conservatism, remains to be seen, but some shaking of the tree is clearly in evidence.

A short time ago, Kerk Kerkorian's Tracinda Corporation offered $31 a share for GM stock (GM), in a buy order involving 28 million shares.

Already, GM is up 13% on yesterday's US closein the opening minutes of the pre-market.

According to Marketwatch, Kerkorian's "offer price, which is 13% above GM's closing price of $27.77 on Tuesday, (and) is without regard to General Motors' regular quarterly dividend of 50 cents per share".

Marketwatch also pointed out that Tracinda would "own 8.8% of GM after the offer".