General Motors is planing an IPO to sell 1.6 billion of stocks to who ever foolish enough to buy them. There is one think you shouldn't do and it is to buy stocks of a bankrupted company or you risk losing everything. Look at the chart above, the GM stock went from $35 to $0.01 in less than a year and then it got delisted from the exchange, it means all those who had $350,000 worth of GM stocks at that time now have $100 (not kidding).