I know the company is in some trouble But at this stage A LOT of bad news is priced in. CNBC had the CEO on this morning and he seemed to present a very compelling argument for hte longterm success of GM in spite of these recent difficulties. The Chart and trading activity is quite bullish. There is a TON of support in the 34 levels. And GM has a tendency to surge 2-3 points easily while other dow stocks are only up 30-60 cents or so. See GM going to 40 wihout much problems
As GM goes, so goes the nation. The price of GM probably has limited downside because it will continue to be supported by the Working Group. Nice article about this: http://www.lewrockwell.com/decoster/decoster114.html
If I would not buy their crappy cars I certainly would not buy their crappier stock. RIP detroit - you fucked up! And the saying "As GM goes so goes the US" is sooo passe. Despite the fact I am not a US bull, low price stocks and midcaps can still flurish in the US log passed when GM will no longer trade....