this happens to almost every bankrupt company

if a company goes bankrupt, buy enough that you can afford right away (the day of) people will want to off load (dumb) and then you make like a bandit. give the stock two to three weeks, the stock price will rise; usually double due to legal proceedings or (in GM's case) bailout hopes. there will always be someone who'll buy your stock when your ready to sell just be sure to sell before it normalizes again (i think 200-300% increase is the proper sell time, as is the case with GM) I bought $20,000 of lehman brothers two years ago when they went bankrupt AT .03 A SHARE! when the bailout talks happened, the stock rose to .50! now I have an S63.