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  • doubleguns: 
  • Comments (2057)
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  Why would they halt the stock?
  
  Does not smell right.

  May 28 09:38 AM | Link | Reply
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  • Archman Inv...: 
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  • The Complete Dividend Plan
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  • The Complete Dividend Plan
  I am the first to admit, I am not a trader.
  I do trade sometimes, but it is not my usual investment method.
  
  This action in GM stock is comical. Sure, the lucky few "gamblers" who figured what the heck take a flyer on a $1.50 stock, maybe made a few bucks on this news. The only people making money on GM are the lucky few gamblers, the insiders, and the pros on Wall Street who have any inside knowledge of what is going on.
  
  Even if the stock was up 500%, I would not touch it with a 1000 ft pole. The company is broke, the unions own the very company they helped to destroy, and our own gov't has already flushed a boatload of taxpayer money down the drain.
  
  There are just so many other good companies for investment and trading choices out there why would anyone risk losing their money on a stock that is being manipulated behind the scenes.
  
  Sometimes you just have to know when to stay away even if the headlines of 170% instant returns get you excited.

  May 28 09:46 AM | Link | Reply
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  • HarryS: 
  • Comments (5)
  Because the current share holders will get ZERO in this new arrangementl.

  May 28 09:47 AM | Link | Reply
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  • lee: 
  • Comments (25)
  I say 170% is a poor return for an investment that had a 90% chance of being worth 0.

  May 28 09:49 AM | Link | Reply
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  • jptao: 
  • Comments (13)
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  it never traded at 3.11.

  May 28 09:55 AM | Link | Reply
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  • jptao: 
  • Comments (13)
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  I don't believe it ever traded at $3.11 today. Shareholders get 10% not including warrants.

  May 28 09:56 AM | Link | Reply
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  • elliotz: 
  • Comments (96)
  I still do not understand why the equity is not worth zero or close to it. I do not see GM making money any time in near future no matter how much money they gov throws at it. Is this capitalism proping up dead companies with public money? If the compnay cannot compete in an industry let it go into ch 11 and restructure just like airline do to make itself more competitive.

  May 28 11:04 AM | Link | Reply
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  • Poor Texan: 
  • Comments (303)
  Weep not too hard for G.M. They were glad to make lucrative deals with the union that the Packards, Hudsons, Willys, etc. could not survive under. Just an example of the law of unintended consequences.

  May 28 12:04 PM | Link | Reply