GM Thoughts..

[wannabewhale]

I am not a big invester--but right now under $6 and at a 56 YEAR low.
Thinking about jumping in
Thouights??

Thx

 

[HuskerFan1]

jumping in for a short term pop maybe but not a stock i would make a long term holding....i just dont see how they can turn things around with the economy in as much shit as it is....company burning thru billions a Q....nobody is buying cars and things only gonna get worse...

 

[desrat]

Wait till it hits the pinks...




Seriously though, any more credit dislocations like yesterday and today and GM will be shuttering a lot of doors.

 

[Woody0]

As ludicrous as it seems there there is a not insignificant chance of GM going into bankruptcy.