Volatile GM shares underscore "risk" of good news


By Jui Chakravorty DETROIT, April 27 (Reuters) - Bankruptcy fears and a billion dollar losses do not usually lead to stock market rallies, so this year's boom in troubled General Motors Corp. shares has caught many bearish speculators off guard. GM shares, which fell by 50 percent in 2005 and hit a multiyear low of $18.40 in late December, have bounced back to post a gain of almost 20 percent for 2006, more than tripling the performance of the Dow Jones Industrial Average for the period. ...

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