Originally Posted by philip
Something is up as the chevy dealer in my post above sounds pretty sure of himself.
Oh and GM hit 7 today. Ford is at 2.5 thats just a couple of ticks from the b word. GM has dropped 50% in just a couple of weeks. Its pretty serious.
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It really dropped today. I think I might own 200 shares of GM now if I got assigned on the 2 $7.50 puts that I shorted. (can't check at school)
The stock price doesn't reflect the shape of the company, but rather public perception, and in this case, shareholder fear. They're still in a tight spot, but not even Ford is about to suddenly go under.