Quote:
Originally Posted by VR Code R6P
Really!! That is what the original GM stockholders who built GM thought too.
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You lost me. Any stock can go up or down. The problem is people believed it couldn't. I know of people that went all in with the thought it couldn't go lower than 7. It did and that individual lost his retirement savings. And I had family member who was 100% invested in GM stock and rode it from 90 to 30 before selling it.
If you read my entire post you will see I said the loss could be 0 or 20 (twice as much loss). But GM stock or any mature manufacturing entity for that matter would not likely provide a "quick return". Old mature companies with established sales rarely explode in the market. So expecting the treasury to recoupe any loss would likely not occur in the few years past the "dark days". Heck, I just sold my 100 share I bought in the IPO and made whopping $150. So I wasn't holding on either.
My financial advisor got me out of GM stock lonnggggggg before it went into the mud. I'm assuming everyone else had access that same advice. I only bought shares in the IPO later on to be a loyal employee.
My point was merely to head off that this "loss" was GM's fault. It is simply the treasury deciding to sell at that loss that is the issue.