Is this guy out of his mind? He keeps buying GM stock and it falls every day every week. He probably lost billions and billions of dollars and he still keeps buying it. Why is he doing that? Maybe some kind of tax advantage?
I think its called target fixation. Target fixation is a process by which the brain is focused so intently on an observed object that awareness of other obstacles or hazards can diminish. Even if Oil goes to $60 a barrel, I think the public has made a shift that will take years of low prices to shift back. GM is toast unfortunatly.
I called Kirk senile a few weeks ago when he pissed away mega millions paying 8.50 a share for F. Senile.