General Motors (GM) 01 (Jun 08 - Jul 10 )

[helios]

0.4 - 0.5c?

(just being imaginative)

i'll wait and see what happens to this trade ...

[kennynah]

san mei mei...best of luck to you....

if it is any consolation...may i suggest that you open up the 20 year (yearly chart) and turn on the MACD....you should like what you see...

[helios]

1.09 lowest since 1933

[kennynah]

oh, dang !!!! missed by 1 cent

[helios]

oh, dang !!!! missed by 1 cent

what? pinball, is it?

[blid2def]

Credit Default Swaps Holders Likely to Force GM into Bankruptcy

http://www.nakedcapitalism.com/2009/05/ ... ly-to.html

[kennynah]

maybe i have said this before... anyways...

GM forms a significant part of corporate america...and it is my opinion(and very unsubstantiated) that the federal govt will not let GM go under...in any way shape or form...

[helios]

floored at 1.09, rebounded to 1.15, could go either way ...

[helios]

grossed at 1.00 opening, and bouncing up 1.3+?

[kennynah]

san mei mei...

for you, i sure hope that GM's price will rise skyhigh from here...as i am aware that you have some positions..

i just wana share that my little small time, kuching kurak observations, is that when a counter tanks majorly, it usually does a dead cat bounce before tanking again, and this time, well below the earlier lows... a case in hand...all of the financial counters that went thru this phase in 2008.... i am still keen on GM...but i will wait to see if i can enter at a <$1 price..afterall, only have $3 capital...