GM shares hit 74-year low

GM shares hit 74-year low

There are 3 comments on the WTNH story from Feb 20, 2009, titled GM shares hit 74-year low. In it, WTNH reports that:

General Motors Corp. shares on Friday tumbled to their lowest level in more than 70 years, pulled down by a drop in the broader markets and continued speculation about the future of the struggling automaker.

Join the discussion below, or Read more at WTNH.

Splicer is Drunk


#1 Feb 20, 2009
Take your bankruptcy with a wee sip of Hemlock

bill p

Portland, OR

#3 Mar 6, 2009
Here is an interesting conumdrum. You all know people who like to gamble in Vegas etc. My suggestion to some of you is to gamble at least five to six hundred on these penny stocks. Buy 100 shares of these Dow hammered stocks.So you will spend about 600 with fees. Put them away for 3 or 4 years. At the end of that time, see where you stand. At least if you lose, you can write off the amount on your taxes! Can you do that in Vegas? What have you got to lose?

Since: Jan 09

Gurnee, IL

#4 Mar 7, 2009
What they don't say is that when GM shares were at this level 70 years ago, the dollar was worth about 20 times what it is today, maybe more. That REALLY puts the company's condition in perspective.

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