GM 28.97 -0.20 -0.69% in the pre-market. How many days until they announce Chapter 11? I wish I were a hedgie, so that I could play bankruptcies like David Tepper.
why do u think they will go bankrupt. dont you think this is already baked into the cake so to speak? we have been talking about this for 6 months and they are still the #1 Automobile Manufacturer in the world.
#1 in the world? how is that measured if you do not mind because I drive 91.3 miles to and from work everyday and I see more Honda Civics on the road than any other car out there...which is smart since they get 40 miles per gallon! the stock is trading at 28.97 right now how is this company close to bankruptcy when Delphi stopped trading it was at 0.36 or 0.38, big difference and I have never seen a company go bankrupt at 30.00 per share.
all the hedgies with their huge core short GM positions will be loving these rumors mixed with the SEC probe news.
yes they had the oil long play as their saving grace --- the only chance they had against the liquidity pumpers last spring and summer.
yes you do have a good point! last night was not a true tank --- the london bombing night was more up that alley.