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GM stock is up 50% today
Posted by: mikebw
Date: November 26, 2008 12:07PM
Of course it's still down a lot overall, but that's an amazing jump for one day. [finance.google.com]
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Re: GM stock is up 50% today
Posted by: ztirffritz
Date: November 26, 2008 12:11PM
...so it is now $.02/share?



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Re: GM stock is up 50% today
Posted by: billb
Date: November 26, 2008 12:28PM
Citibank OK'd a loan on one ?
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Re: GM stock is up 50% today
Posted by: samintx
Date: November 26, 2008 01:10PM
I bought a fist full of Citigroup a week ago when it was 3.00. Going against my advice to someone not to buy GM. Now I have a nice profit and don't want to sell too soon but don't want to be a pig either.
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Re: GM stock is up 50% today
Posted by: JPK
Date: November 26, 2008 01:36PM
Up 50% still doubles your money no matter what the price of the stock!

.02 to .04 still doubles your money.

$10 became $20
or
$10,000,000 became $20,000,000

I don't have the balls to put any $$ into GM right now.

JPK
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Re: GM stock is up 50% today
Posted by: threeprong
Date: November 26, 2008 01:38PM
Quote
samintx
I bought a fist full of Citigroup a week ago when it was 3.00. Going against my advice to someone not to buy GM. Now I have a nice profit and don't want to sell too soon but don't want to be a pig either.

I always sell and cover my investment and let the rest be "Magic" money.
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Re: GM stock is up 50% today
Posted by: pdq
Date: November 26, 2008 03:00PM
Quote

Up 50% still doubles your money no matter what the price of the stock!

Well, not exactly. Up 50% would be if a stock was at 2.00 (the denominator) and went up 1.00 (the numerator) to finish at 3.00.

The plus side to this kind of math is that if the stock drops back down to 2.00 tomorrow, it's only a 33% drop.

50% gain, 33% drop. You could get rich that way.

Or not.
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Re: GM stock is up 50% today
Posted by: sekker
Date: November 26, 2008 07:09PM
twice nothing is still nothing...

GM is a dead man walking

I've never seen a worse corporate leadership group - even Apple's before Jobs' second tour of duty.
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Re: GM stock is up 50% today
Posted by: Grateful11
Date: November 26, 2008 09:10PM
It finished up 37%, Ford was up 29%. I might make something off of
that 100 shares of GM and 200 shares of Ford we just bought after all.



Grateful11
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