Comments on: GM’s "Wiped Out" Shares rise 21% Thursday

By: KL

KL — Sun, 07 Jun 2009 01:27:15 +0000

Ooop! I forgot to tell the world : Malpractice & lousy management do pay! Just use the same trick Obama, GM & C. uses!!

By: KL

KL — Sun, 07 Jun 2009 01:01:26 +0000

If this is the case, let's do as follows:

[a] To pressure Congress to fight for near million of shareholders. Call/write to your reps/senators today & remind them you still can vote next time; &

[b] To write to Obama & remind him (1) this is still a U.S. of A, not PRC or N.Korea yet; (2) Not to count on your vote next time; & (3) Why not put US Gov. in the same court together w/ GM & apply the same trick to wipe out all U.S. bondholders. If China stays queit, I'll rest my case.

By: Todd Sullivan

Todd Sullivan — Sat, 06 Jun 2009 23:40:21 +0000

#56...

would not matter, you would just be holding less of a worthless stock

By: KL

KL — Sat, 06 Jun 2009 05:49:00 +0000

What happen to the GM's filing w/ SEC on May 5.2009 that the existing [old] shareholders be getting a 1-for-100 reverse stock split in New GM stocks after Chap 11 is finalized? Was that just an empty promise?!

By: # 56

# 56 — Fri, 05 Jun 2009 17:41:24 +0000

Fair point, and GM is an expensive borrow.

Re no value, perhaps as a decorative item?

By: Obama, Please stay

Obama, Please stay — Fri, 05 Jun 2009 14:18:12 +0000

there are many reason for share to rise and nothing has to do with value. the most important is short covering. you have to cover if you are short and some speculate based on that rather than any hope of any value realization.

By: Obama, Please Go Away

Obama, Please Go Away — Fri, 05 Jun 2009 13:07:28 +0000

So does this finally stick a fork in the "strongly efficient market" version of EMT? And just remember that the geniuses who believe in that are also working to "fix" the current economic mess….