OT: Buying GM Stock, a steal at $2?

[tboyer]

A nice 6 - 7 % pop from the morning lows, a total gamble at this point, just don't hold it for more than a day or two, this baby is going to 0!!!

[JFP in PA]

Are you people nuts? Did you ever stop and ask yourself why all the current and former GM exec’s dumped their entire holding over the last few days? So they retain something rather than the nothing they would get after a Chapter 11 filing. Bankruptcy is a real threat looming on the near horizon for GM, and the moment they file, your “$1 bargain” becomes less valuable or useful than toilet paper……

[limoncello]

Hindsight is remarkably clear...

Ford at $2-2.50 would actually have been a bargain back in the spring, since it's at 6.75-7.00 now.

One of the big three seems to have found a path through the quagmire.