[Andy from Chapel Hill]

I bought some HGM this week @ $2.32/share. It closed yesterday at $2.50.

At least it will play in the New GM as part of the 10% for bondholders. The additional warrant for 15% of GM is what the Wall Streeters were looking for and they got it.

I have no idea if HGM is worth 50 cents or $5.00. It is a pure bet on my part to follow the private equity guys.

[bert]

I have held it for quite while and sit in amazement at the gain this week. Maybe somebody knows something I don’t.

The perimeter held on Tuesday as not nearly enough of the real players held fast and did not accept the offered exchange. I follow, believing the judge/trustee is American and will uphold the law of contracts. My view is that the world financial system depends on that judgment