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A question from a lamen about GM
I own quite a few MTLQQ stocks. GM has its own stock now, so what should I do with mtlqq. Any suggestions would be really helpful. thanks !
I harped on this when they first went into bankruptcy. No one wanted to believe that the shares were worthless, they had hope that MTLQQ would turn into the new GM, but I warned people then when it was trading up in the .6
Here is the link to the thread where I warned investors back in 2009.
http://www.onlinetradersforum.com/sh...ighlight=MTLQQ
The article I linked to in that thread is gone, but so it this stock..........
60's+ to Sell and take the write-off. You will never get anything here. I know it sucks, but it happens and it should be a nice tax loss for you if you sell this month or next for 2010. Otherwise this will eventually be canceled and you'll be able to write-off your entire investment.
