Bet of a lifetime?

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  • fearless
    Restricted User
    • 08-14-06
    • 4950

    #1
    Bet of a lifetime?
    GM shares are about to fall to around one cent a share (see the article below). Disregarding trading fees, you could buy 100,000 shares of GM for $1000 (if the price becomes one cent a share). If GM stock rebounds to $10 a share during your lifetime, your $1000 investment will be worth $1,000,000. If GM shares go to 0 it becomes a tax write-off. Bet of a lifetime?

    In a filing today with the SEC, GM announced that it would issue 60 b illion new shares, in order to "pay off" debts to the government, its...
  • fiveteamer
    SBR Posting Legend
    • 04-14-08
    • 10805

    #2
    You should open up a hedge fund.
    Comment
    • pico
      BARRELED IN @ SBR!
      • 04-05-07
      • 27321

      #3
      or you could lose 1k
      Comment
      • pavyracer
        SBR Aristocracy
        • 04-12-07
        • 82905

        #4
        Name one stock that went from 1 cent a share to $10 a share.
        Comment
        • topgame85
          SBR Posting Legend
          • 03-30-08
          • 12325

          #5
          ford from $1 to aout $6 as of today 500% increase in 4 months
          Comment
          • Jobe2004
            SBR High Roller
            • 04-13-09
            • 101

            #6
            it says the par value will drop to 1 cent, not the market value dumbass....should have just done this with ford and made a killing. nevertheless, your on the riht track...GM & Ford aren't going anywhere...if your patient you'll make some nice dough
            Comment
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