Don?t Worry, GM: NYSE Defends Penny Stocks!

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Don?t Worry, GM: NYSE Defends Penny Stocks!
With shares of America’s auto titans General Motors (GM) and Ford Motor (F) trading these days in the $2 range, it’s nice to know New York Stock Exchange officials would like to relax the rule that stocks must be delisted if they trade below a dollar for 30 days. According to the Associated Press, the NYSE is considering asking the Securities & Exchange Commission to temporarily suspend the flexible stock-price rule. Both Ford and GM are trading way, way up today, but you never know what co

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Comments

One Response to “Don?t Worry, GM: NYSE Defends Penny Stocks!”

  1. penny stocks trader on March 10th, 2009 11:18 pm

    Very good post, a pleasure to read this.

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