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Old 02-17-2009, 08:24 PM
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Default GM stock closes at $2.18

Anyone want to buy GM?
If my math is close to being right (I'm sure Gatorboy will double check it for me), you could pick up over 50 percent of the common shares of GM stock for around $600 million right now.
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Old 02-17-2009, 08:26 PM
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Default Re: GM stock closes at $2.18

I'll start, I'll contribute $50 ...........
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Old 02-17-2009, 08:32 PM
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Default Re: GM stock closes at $2.18

GM and Chrysler just asked for more money today as we expected. Is this the reasoning for the stocks to drop so low? It is a funny thing I need a new pickup and have been looking at Chevrolet and Fords. Ford is being more aggressive and lowering the price off the list. Chevy is hanging in there really tough and the one I want will more than likely be sitting on lot after this week.
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Old 02-17-2009, 08:36 PM
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Default Re: GM stock closes at $2.18

The company is technically bankrupt. It is worth zero. The $2.18 is a premium.
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Old 02-17-2009, 08:59 PM
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Default Re: GM stock closes at $2.18

Gold is looking pretty good right now.
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Old 02-17-2009, 09:35 PM
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Default Re: GM stock closes at $2.18

Quote:
Originally Posted by B_Skurka View Post
Gold is looking pretty good right now.
Do you want to see it drop?? Just let me go out and buy some. It will drop. Murphy's Law
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