Tuesday, December 20, 2005
Kirk Kirkorian also took a huge bath on 12 Million shares he sold in the last few days. He's lost around $110 Million on that sale, but is also hurting with a large unrecognized loss on the rest of his GM position, now representing an 8% stake in the company, down from an over 10% stake prior to this 12 Million share sale.
I personally think GM will go Bankrupt sometime in 2008 or 2009!
Here's a 25 year chart of GM:
GM Deathwatch continues.....