GM Bankruptcy Thread

Quote from Little Joey:

can someone pleeeease help? my mommy knows i read here and sometimes post and so she told me when we were eating dinner that this old lady she works with told her today that she has stock certiffiete for 100 of general motors. the old lady told my mommy she will keep it for when general motors comes back someday but my mommy told her she thinks it is now worthless.

what is the truth? can this old lady follow it on these pink sheets you are talking about here?
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i'm so sad. :( i told my mommy that someone here would give an answer to tell her so she could tell that old lady and nobody helped. that made me look stoopid to my mommy after i told her i would post here. she's the only one that tells me all the time im not stoopid...klids in school tell me all the time i am. :(
my mommy told me when she got home from work tonight that that old lady to her certtifacites to someplace and they told her they would not take them as they are worthless. the old lady is very upset that her money is gone.
 
Dear Joey, just show her these charts, they explain everything and tell her to hang on to those certs.


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Pluto is going through the companies 2nd house of employees/workers and opposing the 8th house of investors and inconjuncting natal Neptune in the 9th.

Uranus will hit the companies 2nd house of work and Pluto will conjunct the company’s natal Neptune (=loss - blame Bush).
 
I can't see one. I own 1.00 puts and am just sitting here wondering when the madness will end so I can get my profit.

I understand that there will always be idiots who will buy a stock because they don't know better but for GM to be rising to these levels now just blows my mind. Either I'm missing something big or a LOT of average people are going to get blown out of the water here. What kind of broker would let someone buy GMGMQ?

Am I missing something?
 
Quote from lalh20:

I can't see one. I own 1.00 puts and am just sitting here wondering when the madness will end so I can get my profit.

I understand that there will always be idiots who will buy a stock because they don't know better but for GM to be rising to these levels now just blows my mind. Either I'm missing something big or a LOT of average people are going to get blown out of the water here. What kind of broker would let someone buy GMGMQ?

Am I missing something?
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A "sure thing" trade is never a sure thing.
 
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