GM Bankruptcy Thread

[bond_trad3r]

Quote from DesertTrader:

That's also my reading; however, things can change. We need to see the formal exchange offer. The 1% never made any sense anyway.

They still might get 1 percent or less so the new stock can trade on an exchange.

 

[agtrader777]

The story line reads like a bad 'B' movie. And now the taxpayers own how much? Oh, great - another money maker to go with AIG.

 

[Illum]

RIP GM

Nice work Baby Boomers

 

[ba1]

GM had lost its way by 1960 with UAW and a number of fundamental, consumer-unfriendly decisions. Good riddance.

 

[ralph00]

I'm just wondering how much the S&P will be up tomorrow - I'd say the over/under is 3%.

 

[bond_trad3r]

Futures soaring!

 

[blnbr]

Is GM traded under a new symbol today? I don't see GM stock quotes this morning (now at 8:08 EDT).

 

[bond_trad3r]

halted but genmq.pk cant be to far away

 

[blnbr]

Thanks. But the stock should still be traded sometime today, isn't it? People want to watch the market action.

 

[Daal]

Quote from blnbr:

Thanks. But the stock should still be traded sometime today, isn't it? People want to watch the market action.

The stock is trading all over europe
http://finance.yahoo.com/q;_ylt=AvRPa6ecE3FHFsLocCKWPCLxVax_?s=GMC.F
Price is quoted in euros