Posted on 05/30/2009 6:05:26 AM PDT by CommieCutter
I know GM is an easy target these days, but .75 cents a share?
Would it be unwise to invest 500 dollars?
Is NYSE going to delist it now?
Wait for it to go to 25 cents
75 cents is way too high. But I wouldn’t invest a single penny lest it helps the UAW.
Go ahead, invest 75 cents if you won’t be unhappy to lose all of it. If you go to the track you’ll have a better chance of winning, though, and you will get out of the house into the sun.
It was a buck and a quarter the day before....The news was out...People weren’t buying......BUY GOODS!!!!
I think it would be much wiser to invest the $500 on a lottery ticket.
Isn’t it automatic??
Treat it like Vegas - if you can afford to lose it, go ahead.
Wait for it to go to 25 cents
Seriously?
Because a 500 dollar investment would result in a decent quick return if the stock ever hit 2.00.
I’m not a pro at this so I don’t know.
I would say the company has two options; stock goes back up or they close for good.
You would be better off buying a Pontiac. And that ain’t saying much.
You may as well hold up five $100 bills and light 'em on fire. The fact is you'd be a fool to buy GM stock. When GM enters bankruptcy, the stockholders are unsecured debt holders and are the first wiped out in favor of secure debt holders (ie: bond holders.)
Translation: once GM enters bankruptcy next week, any GM stock you own will be WORTHLESS. Zero. Zilch. Zip. Nada. You'll have nothing but worthless paper.
Wait to see what comes out of the bankruptcy court.
Just donate it to UAW. That’s who’s going to end up with it.
If you want to give money away expecting no return, give it to me.
If it goes up to $2, you’ll be classified as a kulak and enemy of the state and purged.
Translation: once GM enters bankruptcy next week, any GM stock you own will be WORTHLESS. Zero. Zilch. Zip. Nada. You’ll have nothing but worthless paper.
That’s what I was looking for. Thanks!
Not a valid option. Once the stockholders are wiped out in bankruptcy, game over. They've lost their money.
Any *new* stock GM may issue emerging from bankruptcy will have to be purchased. But then, why would anyone want to buy stock in any company now that the US Government has resorted to wiping out share holders and secure debt holders by forcing companies to accept pro-union terms?
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