User 158164

The GM (er, Motors Liquidation) Stock Anomaly

Hey - it's financial Darwinism. If you are SO STUPID, that you don't understand what "Motors Liquidation" means and put any significant money into this stock, that money belongs with someone at least smart enough to keep it under his bed.

"Stock Certificates"? When did you last buy stocks, 1982?

These guys are playing musical chairs. They trade these stocks while the music plays, except when this music stops, there are no chairs at all.

Let them lose their money.

Why GM Stock Is Still a Bad Idea

You don't say how many you have. At $0.80 this morning, 100 old certificate shares are worth $80, the fees involved will take a big chunk of what is left. Call a broker, ask what fees are involved and ask about donating the shares to charity. Many charities have brokers that do the work pro-bono and don't have all that cost. You get the deduction and rid of the headache. I had, as a result of an old stock deal with a company I had a few shares of, received certificates for a few shares that had dropped very low. The fees were more than the value of the stock, but a local charity was happy to get them.

If it is few enough shares, and small enough money, believe it of not, look on eBay for what old stock certificates are going for. In a few years that certificate for 10 shares might be worth $20 as a decoration.


On Aug 21 03:37 PM Kold wrote:

> How can I dump my stock. I have some certificate shares as well as
> some purchased in a stock reinvestment program. Please publish the
> answer.