GM: Blood From a Stone II

Early this year we floated a proposition. What if a Big Three true believer had the guts to drop $10,000 on General Motors stock back on Dec. 23, 2008? GM was selling at a little under $3. The government bailout was only a hope. But they wouldn't let GM fail, would they? It was a good time to buy. Right?
Last time we checked in with our gutsy believer, he was up $1,600, bragging in the bar, feeling good about proving the experts wrong. How are things looking now?
Well, it's been a rough week in Michigan, with restructuring plans, loan demands, union concessions and the death of Pontiac. Our investor is beginning to wonder if this could in fact be the end of times. GM stock is down to less per share than a 40 of Miller. He's got $6,800 left of his $10,000.
Our man is thinking about pulling out. But maybe he bought too early. At $2 a share, is it time to show some real guts. Time to double down?