GM, in a statement to the newspaper, said the board has discussed bankruptcy, but said the board did not view it as a "viable solution to the company's liquidity problems."
So What's the point?
The big three ALREADY failed. They are being bailed. Bankruptcy is not an option for the government because it would cost them many times the amount spent for bail out. Levin said also that the suppliers will get part of the money.
Sold DNR at 13.07 for a loss of 61 cents. Ouch.
I don't know how low this OBAMA sell off is going to get. But it hit my stop loss. Now it's a bit higher :mad:
This should teach me again and again to not to chase a stock at the higher end of a run. ($8-$14)
ENTG $2.81. I sold this morning at 2.80
BGP. $3.39
FCSX $3.75. Lost 39% in a day. To lose $25 million due to bad debts. Downgraded by BOA. Stock buy back announced 3 months ago.
BX $9.03
AIG. 2.41 (not sure why I like this stock at this level)
DNR. Bought at 13.70 at closing today.
So is meditation, I suppose.
Video games get you to focus, and train you reflexes, both mentally and physically. Not all video games, but the ones I play do help.