Buy GM?

[Choad]

Quote from The Kin:

C'mon GM - Go Bankrupt!

Fine with me...but AFTER Jan 21!

 

[GlobalFinancier]

Wonder which hedge fund will unlock the hidden value in GM?
GM goes bankrupt, bonds plunge to 10% of par value, some big guy buys up all the bonds and debt at discount, gets a ton of the new issued shares while kicking the pensions to the PBGC.
And he becomes rich and the ticker is GMHD(GM Holdings) Sounds familiar?

 

[MacroEvent]

Quote from paperboy:

This is weekly chart. Time to buy? Will be interesting to see if the low will hold now when the S&P will go down to sideways for a while. Very high volume and close near high last week. How do you interpret this? The stock must at least be interesting. Is there a way to see who bought and who sold over this period? If it´s true that 80% lose then perhaps the high volume means many small sellers and a few big smart buyers!?

i was at an Autoshow yesterday and other then the upcoming Saturn Sky and released H3 Hummer the GM exhibits were DEAD --- very noticeable.


i would not buy GM with even Coolweb's or Steve46's money {}.