GM Shareholders WIPED OUT!

[yoyomama]

If GM goes down, does anyone think Ford will greatly benefit or are they at the bathroom door too?

I've been playing this little idea of mine since last Friday & have had 5 successful days in a row. That said I probably just jinxed it & will get burned on Monday.

I've bought F at close to the open for the past 5 days in a row. Put a sell limit in at +.05 and that's that. It's hit it 5 in a row, usually fairly quickly. Okay so yeah you obviously have to buy alot of it to make it worth your while. I don't think I feel that bad about holding it overnight if it doesn't hit the mark by closing although they did burn me once by announcing a common stock offering overnight a few months ago. I'll probably keep trying it for a little while longer. Once F hits $6.50 I might get a little more scared. It's a gamble I know but I've checked it's history of quotes and most of the time it'll hit +.05 above open. It's the other times that'll screw ya & yeah you have to buy alot of it to make +.05 worth it....but that's all relative.

[Stuck]

Obama is just pushing the judge to approve the sale. they will never cut the funds of GM this far in. Its hard ball, Chicago style negotiating.

btw how much were share holders getting in this plan? I didn't hear much about it before GM shares were taken off trading boards.

Just as I thought.

http://hosted.ap.org/dynamic/stories/U/US_GM_BANKRUPTCY?SITE=PASUN&SECTION=HOME&TEMPLATE=DEFAULT

[mrmarket]

GM used to make great cars. Something happened along the way. Maybe they got arrogant. Oh well, I coudn't afford my dream muscle car when they made them. Now I don't want what they offer.

---------billy

Actually I have plans to buy a 'Vette convertible someday. I wonder if they'll still be around???

[yoyomama]

I've been playing this little idea of mine since last Friday & have had 5 successful days in a row. That said I probably just jinxed it & will get burned on Monday.

I've bought F at close to the open for the past 5 days in a row. Put a sell limit in at +.05 and that's that. It's hit it 5 in a row, usually fairly quickly. Okay so yeah you obviously have to buy alot of it to make it worth your while. I don't think I feel that bad about holding it overnight if it doesn't hit the mark by closing although they did burn me once by announcing a common stock offering overnight a few months ago. I'll probably keep trying it for a little while longer. Once F hits $6.50 I might get a little more scared. It's a gamble I know but I've checked it's history of quotes and most of the time it'll hit +.05 above open. It's the other times that'll screw ya & yeah you have to buy alot of it to make +.05 worth it....but that's all relative.

Make that 6 days in a row!

Then the 7th day came(today)...and kicked my ass. Could have used a tighter stop.

[Stuck]

GM is out of BK today. Cheers.