Posted by: eminitrader June 1, 2009
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Dikush....
Are you serious? You are blaming other people for not buying GM stocks? You were going to buy at the open on 5/29. GM opened at 1.07 that day and if you had bought it you would have lost money even with the 10% rally today. What we are seeing is short covering on the stock.....it is worth 0. This morning it was at 27c which would have been about 80% loss from your buy price.