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To: Jim McMannis who wrote (197246)	4/20/2009 11:55:14 PM
From: Galirayo	Read Replies (1) \| Respond to of 306849

>>Long GM on a lark.<< Ask for Individual Shares on Paper ... Delivered .. That way you can Re-Do your Bathroom. Mine is Decorated in Pan-Am Paper ... I just had to Load some at 29 cents on a lark.

To: Jim McMannis who wrote (197246)	4/21/2009 12:05:04 AM
From: Galirayo	Respond to of 306849

But it did convince me that Airlines were my New Favorite Dog Pack. stockcharts.com It was DAL .. then DALRQ .. Then DAL Again !!! :) stockcharts.com

To: Jim McMannis who wrote (197246)	4/21/2009 3:55:54 AM
From: Travis_Bickle	Read Replies (3) \| Respond to of 306849

Why buy GM common when the bonds are the investment of a lifetime if they can avoid chapter 11? Although bondholders are unable to unload their debt for anything more than 15-16 cents on the dollar on the market, they are steadfastly opposing demands by the White House for a two-thirds reduction in the $27 billion in unsecured debt GM owes them. According to New York Times business columnist Andrew Ross Sorkin, “About 80 percent of the bonds are held by large investors and hedge funds, many of which play in distressed debt markets” and “would less politely be called ‘vultures.’” These included Capital Research & Management; Loomis, Sayles; and the Pacific Investment Management Company. “Indeed, GM bonds have been changing hands rapidly, suggesting that some hedge funds have been plowing into them, gambling that these investments soon will be worth even more,” Sorkin said. The big investors are demanding even greater concessions from the UAW and have threatened to drive the company into bankruptcy, where they believe they could get a better deal from a judge, who would place the bulk of concessions on the workers. Moreover, given the record of the Obama administration in bailing out big bondholders, they no doubt believe they can hold out for more. wsws.org I might pick up a few myself