The government spent $49.5 billion to salvage GM. GM stock has to hit $53 a share for GM to repay the government in full. Do you think the stock will go that high??
It will take a long time if it was to ever do so. Thanksgiving week tends to be a bull week (stocks tend to go up) and GM is not really doing much this week.
I'm positive about the stock's potential to hit $53 a share eventually. The sooner the better so that they can repay their bail out loan. That would make a lot of people happy.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
GM Stock Target
Linear Mode
