Hunting GM flesh
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The Bouncing Of The Dead Cat.
Guys, I have a question. Everyone speaks of the "Dead Cat Bounce"
and when it will happen. Has anyone looked at other BK companies and see if they stopped trading on the day of the filing of their BK and then resume trading the day after the filing ? Also questions like when their bounce happened and for how long and from what low to what high and where it finally settled ? I realize the industry's my be different but it is a curious thought to see what an average is ??
Sorry for the babble.........
Whats up everybody. Took a couple day break because tomorrow is going to be busy but Tuesday, even busier !
Not me man. I am waiting on the play ground for GM to come outside and play
I am going to throw 40 at it !
I understood that the first time. That's a great start !
7300, That's a good start
I am not see this data. Do you have a link to support this please ? Thanks.
On the way down. Over the weekend it will drop further.
I would have to agree, good move.
There you go !
No I realize the debt they have carried. But it has become most notiable over the last 20 or so years. BK will do them good.
I am sorry but I do not agree. Everyone wants to blame Obama, when he is not the blame. I do however agree with the other statement about being slow to respond to consumer demands. Everyone is yelling socialism, and that is not even the agenda, What would you have them do keep pumping tax dollars into GM to keep it alive ? Then people would have THAT to complain about. So in my opinion no matter what president is in the WH or what that president does, it will not make everyone happy. The best thing to do is to stop pointing fingers and DIG IN soldiers. The man is doing the best that he can. We have to give this method a chance, not bash every move made, because who knows what the right move is with a failed economy, anyone ????????
True, but GM had BIG debt from the past 20 years. They need a new start.
I think starting today we will start to see the retraction of the value of the stock. The filing is coming.
You will lose you money and the shares storm12. That is the straight answer.
Very flat as of late.
Thanks. Scary thin is "GM might be a private company for some time" Meaning it might be out of the pennies before the public could buy.
I heard the same but was not sure if it was real or fake. But thanks for the heads up.
Yeah, I am hoping I catch it at its lowest point when it comes back. I want to buy big and hold til they reach 2.00 . May take a while but I think I have time.
As far as I am concerned it does not exist until they go through the BK. Hope this guy does not lose everything.
POOF !!!!!!!!!!
Great post.
I am all for that. I hope they get to at least .9 if so I am buying 400K of GMQ !
I know, trust me I was not being a butt. Dont worry sonystyle, we are on the same page.
Come on, don't start the communist jokes. True the Gov. will own a large percentage, that is because it is needed. GM stands for General Motors, it always has and always will.
In my opinion they simply asked the bondholders to support their efforts in the bankruptcy.
"The company said in a statement that it offered bondholders 10 percent of the stock in a newly formed GM, with warrants to buy up to 15 percent if the bondholders agree to support selling the company's assets to a new company under bankruptcy court protection."
http://news.yahoo.com/s/ap/20090528/ap_on_bi_ge/us_gm_bondholders
Looks to me as if they are certainly indicating a BK.
Interesting. But I was considering going long if they dropped to ".40" or so. Meaning in at that point and holding until they come out of BK, thoughts ?
Typically they can get 40% in BK
At what point after they actually file should one purchase ?
Indeed it will, I am looking to buy a 100,000 or more depending on the price.
So, no buying until they get that "Q"
You think ??
I agree
They still have until midnight tonight. But I dont think they will be able to hit that 90%, so we should start to see this fall soon., Just my opinion.
Indeed, he has done well thus far. Good Luck on C
You bet. I bought at 1.36 so I am in it for the long ride
I am not moving. Holding my hand.