Delphi bankrupted !!!

Could be best time to short GM.

 

Expected. In the market. One of the reasons for GM's recent sell off.

 

To my supprise, it is down only $0.27 now for after hour trading(as of 1:11pm saturday).

 

best time to have shorted gm was at 36. Bit late now.

 

I dont know you have every major brokerage claiming delphi wouldnt go bankrupt. So it wasnt expected.

 

I didn't know courts were even open on Saturdays. Interesting.

http://biz.yahoo.com/rb/051008/autos_delphi_bankruptcy.html?.v=4

 

yup, alot of people didnt know that, b/c usually companies file early monday morning, but I guess they were waiting for a final ditch offer on friday.

 

Does this mean DPH is going to zero?

sometimes bankrupt stocks hang around for awhile not sure why

 

How is DPH trading on Saturday?

 

huh lol no trading on saturday, unless your using your options and giving noticed that your excersizing them, but thats not trading its more desk work.