I finally sold off, I have made 4 round trips to GMGMQ (Gm) sold @ $1.65, now & 1.67. Unbelievable run. I expected it, just not like this. Not sure the lunacy that allows a Bankrupt company to run like this, yet GM just made my year. Now, focusing on this ......that is dropping for no apparent reason once again. We are below $6 AGAIN! And seemingly with no end in sight. Do not look for this to close above $6 today. Just my guess.
Motion, I played FRE and FNM like that back in the fall. Pulled 7 grand out of the trade before it dropped down again. 60k profit is sweet....maybe some in mf some in GE if your long? GL Paul
I missed the boat on GE, and honestly thought GMGMGQ was done, cannot believe it is @ 1.70 again!I am honestly shocked by MF's pre hour sale of a 1K @ 5.60????? What sort of moron would do such a thing?
We're not closing above $6 today, not even close. Morons on a selling binge and they will push MF potentially to 5.60 again today. Keep it up and this will not recover someday. And just stay in this range.
I agree so I cashed yesterday waiting for alower entry point.gltu for GM profit!
MY, was that a crash...from $1.77 to 1.21 in 11 minutes and 31 million shares. That was ugly.
How are you trading when it's been delisted?
I still cannot figure out my GM made this run after BK, yet the rumour is that it was a play between the Options and Shorts. Playing the spread basically. That said, I am disappointed in the sell off, yet not that significant at this point. Still do not believe we will close above $6 today.