Agreed, but many are so blind and ignorant going on hope and false promises from cnbc crowd and others.. NOTHING is too big to fail and with economy in dire straits, very few people are or will be buying large retail type items as they once used to like new autos for years...
And now that GM is trading under $1.00. if it stays below $1.00 for period of time (30 or 60 consecutive days I believe it is) it then will become delisted from the exchange and trade OTC like many others have happened in past once thought solid ie; LUMCQ and hosts of others..
Monday starts its BK and common shares will become worthless from there on until a new corp emerges and new ticker symboled shares are issued... Could be many months or years..
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.