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guys, been watching GM stock for couple days, it dropped from as high as $ 2.3 a share back to $1.16 a share in just 3 to 4 days. my buddy bought a fairly large amount at 1.9 something.
So all the information so far is that GM is very likely to declare bankcrupt (or bankcrupt protection in a few days). Since i am a newbie to stock trading, what kinda impact should be expected for this ? Falling stock price?
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