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OT: Buying GM Stock, a steal at $2?
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02-19-2009, 03:10 PM
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gerrygug
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Join Date: Sep 2007
Location: CA
Posts: 83
If they go Chapter 11 you lose $400.00
If the stock rises to $30.00 you make $5,600.00
Odds are they will go Chapter 11 to break the Union so they can reemerge with a more competitive labor situation. Hope you win, but my money is on bankruptcy.
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