Quote:
Originally Posted by Seawolf
If I'm not mistaken, trades of GM's stock were stopped/frozen this morning. Unfortunately I can't find the article I read this on; so I can't post a link. It was on Comcast.net's home page for those of you who have Comcast as an internet provider. I'm not sure how long that is supposed to last; so it looks like you couldn't buy any even if you wanted to. Although, the freeze may just apply to selling of stock and not buying.
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Someone has to sell in order for another to buy (unless the company issues new stock which isn't gonna happen).
Pretty sure if you own GM stock you will continue to own stock in the old, practically worthless GM. So basically you lost your money.