Too bad for GM Moron Longs
No, Webby, this is a broad market sell off driven opportunity.
I accumulate while others lose their heads. Buy low, sell high--no?
Well, I'd have to agree that if you're hell-bent on buying this horrible piece of financial garbage, at least don't pay much for it.
I've maintained since IPO days that it was still too soon to buy GM. Wait until the govt is out and then wait until GM resolves its problem with the UAW still being there.
I believe the UAW virus must be completely removed, otherwise the disease will return. And UAW-itis can be fatal.
GM: YOU CAN BUY A BETTER STOCK
BUT YOU CAN'T OVERPAY MORE FOR IT