Quote:
Originally Posted by Variol (Farseer) Elmwood
Felix that was very naughty of you, and if you do not behave, you will not get the nice present I got you for your birthday (Unique Alpine TPG-1 )  |
I always behave, I always give compliments, however, some people take compliments and misconstrue them into insults, insecurity I suppose!
Now about that present. GM is headed to bankruptcy protection Monday, their stock closed at $.075 a share today. However since they used federal funds to pad their failure, they will be held accountable to the government for their future. That means a higher level of initial risk, but a long slow return over time.
I bought 10K shares of Ford at $.84 a share, thou that is different due to not using federal funds to pad their losses and wasting trillions of tax payer dollars, they chose to lose their own capital and shareholders monies instead. That means on the recovery and future they do not have to answer to the government. They closed at $5.75 a share today.