Anyone here still owns GM's stock?
05-30-2009, 02:02 PM
#1
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Anyone here still owns GM's stock?
If so, you're shit out of luck. 
GM will inevitably file for bankruptcy on Monday.
http://finance.yahoo.com/news/Bankruptcy-l...1255.html?.v=14
I used to have GM's stock a couple years ago, then sold it for a small profit. Starting from then, it kept spiraling out of control. If any of you still held onto its stock until now, you ain't right in the head. It virtually became worthless on Thursday. I can't imagine how many people lost money with that stock. 
GM will inevitably file for bankruptcy on Monday.http://finance.yahoo.com/news/Bankruptcy-l...1255.html?.v=14
I used to have GM's stock a couple years ago, then sold it for a small profit. Starting from then, it kept spiraling out of control. If any of you still held onto its stock until now, you ain't right in the head.
It virtually became worthless on Thursday. I can't imagine how many people lost money with that stock.
05-31-2009, 03:00 PM
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I've never had so many people ask me about buying a single stock than GM over the past 3-6 months. I told everyone of them they were idiots and a couple called me this past week and thanked me like I'd saved their kid's life.
05-31-2009, 03:23 PM
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if it goes below a dollar I guess it becomes a junk stock, been hovering there for awhile....buddy of mine made some $$$ when it was bouncing around before the Obama gift
can GM recover? I doubt it
can GM recover? I doubt it
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05-31-2009, 04:38 PM
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[QUOTE=2007 Zx-10,May 31 2009, 03:23 PM] if it goes below a dollar I guess it becomes a junk stock, been hovering there for awhile....buddy of mine made some $$$ when it was bouncing around before the Obama gift
can GM recover?
can GM recover?
06-01-2009, 07:33 AM
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its been de-listed. wont be traded for 6months to a year. government owns 60% now, but GM will still make the decisions.
GM is building great cars right now, with a great warranty and with great incentives, and it wouldnt stop me from buying a GM product at all. im a GM fan, and always will be.
they'll be fine, it will be hard for awhile longer.
GM is building great cars right now, with a great warranty and with great incentives, and it wouldnt stop me from buying a GM product at all. im a GM fan, and always will be.
they'll be fine, it will be hard for awhile longer.