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GM warns idiots to stop trading its shares
Brian_Bullocks
Posts: 297 Forumite
As the car industry publishes encouraging sales figures, GM warns investors to stop trading in its 'worthless' shares
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6620014.ece
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6620014.ece
I used to have a signature but it disappeared and I just couldn't be bothered writing another, so please feel free to ignore this.
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Comments
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The article says "the stock, currently trading “in excess of $1”, was likely to be worthless very soon" - note the word "likely", not "will" be - presumably this is why some are still buying. Others will be selling.
If its idiotic to buy, it must be clever to sell, so not all the people trading the shares are idiots.....0 -
Probably index trackers catching up
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