GM lost almost 10% today

GM has another big down day.S&P further downgraded GM:

The downgrade could further hamper GM's access to funding, which was already hurt when S&P first downgraded the world's largest automaker to junk status in May.

Delphi's bankruptcy could impede GM's efforts to turn around its ailing North American vehicle operations, S&P said in a statement.

Even Kirk Kerkorian can't keep shares from dropping.Look for the recent low of $24.67 to be tested soon(next 20 trading sessions).