Go GM go!

[TehMac]

Originally posted by: Squisher
Of course. Congress knows that by throwing 6 million people out of work they'll be taking an economy in the toilet and then flushing it out of sight.

You're either a troll or an idiot, and since I can't decide which one right now, I label you both.


Good job.

 

[adlep]

What about AMD...
Their GPUs sell well..
Should I take a plunge at around $3.00 per share. It is very low price per share historically?

AMD chart

Edit:

Google shares are also very low

their shares have a strong potential for 2x gains...

Edit:
My get rich quickly favorites are:
GM,
Citi,
Google
First Solar

 

[AccruedExpenditure]

I'm going to laugh hard when they cancel all common stock

 

[Squisher]

Originally posted by: TehMac

Originally posted by: Squisher
Of course. Congress knows that by throwing 6 million people out of work they'll be taking an economy in the toilet and then flushing it out of sight.

You're either a troll or an idiot, and since I can't decide which one right now, I label you both.


Good job.

Thank you, but I really wasn't trying to be either. Maybe, I'm just a natural at both and didn't realize the powers I was born with.


I really can't see Congress holding back $25-100 billion to save the domestics. If the fed has to take over their pensions it'll be $150-200 billion right there. Put 6 million out of work and see what kind of drain there is on the economy. Domestics fail and so do the suppliers. No suppliers=no foriegn cars. 20-25% unemployment in the rust belt.

I can't blame Congress, someone needs to hold someone's feet to the fire, but let's not kid ourselves the only reason congress didn't ask AIG's CEO to fly commercial is because the domestic's lobby money heavily favored the repubs and AIG and all the banks have the democrats in their back pocket.

 

[manlymatt83]

Originally posted by: finite automaton
Just transferred 2k into my sharebuilder account and it'll be avail on monday... 1k to C and 1k to GM. Hopefully I can make some $$.

Get an ING account =) Then you can do instant transfers.

 

[TehMac]

Originally posted by: Squisher
I really can't see Congress holding back $25-100 billion to save the domestics. If the fed has to take over their pensions it'll be $150-200 billion right there. Put 6 million out of work and see what kind of drain there is on the economy. Domestics fail and so do the suppliers. No suppliers=no foriegn cars. 20-25% unemployment in the rust belt.

I can't blame Congress, someone needs to hold someone's feet to the fire, but let's not kid ourselves the only reason congress didn't ask AIG's CEO to fly commercial is because the domestic's lobby money heavily favored the repubs and AIG and all the banks have the democrats in their back pocket.

That's funny, considering it was the Republicans who were the ones most against the bailout initially. Many democrats were against it too.

I'm not buying that argument, the simple fact was that we're not "Bailing out" the banks insomuch that the government buys up that bad debt, and then, ideally, sells it off back to banks in easier times.

As for the auto industry bailout, you're assuming too much. You're assuming that if Ford, GM, and Chrysler declare bankruptcy, they're going to automatically disapear off the face of the earth, and this domino effect will happen. Not at all. If they do declare bankruptcy, several things can happen. One is that the dumbass managers who fucked everyone over in the first place get thrown out.

Small wonder then the Big Three CEOs come over to beg. They just want money to save their own hide, and they'll keep screwing over their companies.
Another option is to get bought up by say, Toyota, Honda, etc.

Another reality is that all three wouldn't die out at the same time, so this whole apocalypse theory, if true, would be staggered at worst. The market would reallocate resources, and recover. Another thing is that if the Big Three went down, which is near impossible, tbh, the vacuum would mean consumers would immediately turn to other manufacturers, meaning the same demand for the resources the industries only related to the Big Three produce.

In effect, your whole premise is moot, and it's construction is based on paranoia spread by the Big Douchebags, and unlikely.

 

[Squisher]

Originally posted by: TehMac

Originally posted by: Squisher
I really can't see Congress holding back $25-100 billion to save the domestics. If the fed has to take over their pensions it'll be $150-200 billion right there. Put 6 million out of work and see what kind of drain there is on the economy. Domestics fail and so do the suppliers. No suppliers=no foriegn cars. 20-25% unemployment in the rust belt.

I can't blame Congress, someone needs to hold someone's feet to the fire, but let's not kid ourselves the only reason congress didn't ask AIG's CEO to fly commercial is because the domestic's lobby money heavily favored the repubs and AIG and all the banks have the democrats in their back pocket.

That's funny, considering it was the Republicans who were the ones most against the bailout initially. Many democrats were against it too.

I'm not buying that argument, the simple fact was that we're not "Bailing out" the banks insomuch that the government buys up that bad debt, and then, ideally, sells it off back to banks in easier times.

As for the auto industry bailout, you're assuming too much. You're assuming that if Ford, GM, and Chrysler declare bankruptcy, they're going to automatically disapear off the face of the earth, and this domino effect will happen. Not at all. If they do declare bankruptcy, several things can happen. One is that the dumbass managers who fucked everyone over in the first place get thrown out.

Small wonder then the Big Three CEOs come over to beg. They just want money to save their own hide, and they'll keep screwing over their companies.
Another option is to get bought up by say, Toyota, Honda, etc.

Another reality is that all three wouldn't die out at the same time, so this whole apocalypse theory, if true, would be staggered at worst. The market would reallocate resources, and recover. Another thing is that if the Big Three went down, which is near impossible, tbh, the vacuum would mean consumers would immediately turn to other manufacturers, meaning the same demand for the resources the industries only related to the Big Three produce.

In effect, your whole premise is moot, and it's construction is based on paranoia spread by the Big Douchebags, and unlikely.

Sure the market will adjust by being forced for a couple of years to only buy foreign cars imported here. I could easily see a 25% price premium because of this shortage. You are right it won't happen all at once, you are talking about 300+ bankruptcies and probably as many lawsuits when you include the suppliers, unions, and stockholders. This could take years before anyone's even allowed to step in and rescue manufacturing plants.



I won't even get into the national security issues of when you are asking China to produce tanks to fight N. Korea

 

[manlymatt83]

Originally posted by: finite automaton
Just transferred 2k into my sharebuilder account and it'll be avail on monday... 1k to C and 1k to GM. Hopefully I can make some $$.

I think you've missed the boat on Citi. Its up over $7/share already. Not worth it in my opinion.

It's rated a "D" by thestreet.

 

[TehMac]

Originally posted by: Squisher

Sure the market will adjust by being forced for a couple of years to only buy foreign cars imported here. I could easily see a 25% price premium because of this shortage. You are right it won't happen all at once, you are talking about 300+ bankruptcies and probably as many lawsuits when you include the suppliers, unions, and stockholders. This could take years before anyone's even allowed to step in and rescue manufacturing plants.



I won't even get into the national security issues of when you are asking China to produce tanks to fight N. Korea

It seems to me you're stuck on your rhetoric for keeping the industries alive, maybe you have some attachment to them, but frankly, the whole situation is blown way out of proportion, and your apocalyptic rhetoric in regards to the Big Three is neither warranted nor true.

 

[manlymatt83]

And... we're off!

 

[JeffreyLebowski]

Originally posted by: moshquerade
GM isn't going anywhere, but down.

No dear, the only thing going down here is, ah nevermind. To easy.

GM will rebound. If not because of the bailout, but because if they get to cheap someone will talk of buying them and the stock will go up then.

 

[Zim Hosein]

GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

 

[herm0016]

i would say you are too late for the biggest gaines. man i wish i had some money to invest. could make a killing right now.

 

[Fritzo]

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

 

[manlymatt83]

Originally posted by: Fritzo

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

money profit sell off?

 

[MikeMike]

on Monday, watch for GM to be sold off by many buyers who wer in it to make some money back from wha they have lost. When this happens, the stock will drop to around $3.50 or so. If you buy then, and hold onto it UNTIL the Gov;t bails out GM/GM unveils their plans you will see the stock go up to around $8 or so, however F might be the better buy, they have a currently outstanding long term financial plan and technically are the only of the big 3 that could possibly weather another 6-9 months of this 'perfect storm'

 

[DukeFan21]

Originally posted by: MIKEMIKE
on Monday, watch for GM to be sold off by many buyers who wer in it to make some money back from wha they have lost. When this happens, the stock will drop to around $3.50 or so. If you buy then, and hold onto it UNTIL the Gov;t bails out GM/GM unveils their plans you will see the stock go up to around $8 or so, however F might be the better buy, they have a currently outstanding long term financial plan and technically are the only of the big 3 that could possibly weather another 6-9 months of this 'perfect storm'

This. I bought some GM shares last week at 2.75 and plan to sell Monday, unless it seems to be gaining again. I wish I would have gotten on Citigroup, but a bit late for that.

 

[DukeFan21]

Originally posted by: sciencewhiz

Originally posted by: DukeFan21
http://pics.bbzzdd.com/users/d...n211/positions1127.jpg

Ok, so I bought VZW at 24.70, not 24.00. Still a pretty nice gain. I sold today at 32.50. Only 10 shares worth so nothing too big but in the scheme of things a nice gain. I'm a poli sci major fresh out of college so I consider any sort of monetary gain something to be proud of

When you factor in trading expenses, instead of being up 3% for everything, you're down 6%.

Free trades for sign-up FTW! I haven't had to pay any commissions yet. I haven't factored in any taxes though (no clue)

 

[Fritzo]

Originally posted by: manlymatt83

Originally posted by: Fritzo

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

money profit sell off?

LOL- sorry. I'm typing from a mobile device and it has auto word complete I meant MONDAY profit selloff. Everyone's on vacation right now, so they're going to come back to work on Monday and say "holy crap! That went up!" and sell.

 

[Salvador]

Originally posted by: Fritzo

Originally posted by: manlymatt83

Originally posted by: Fritzo

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

money profit sell off?

LOL- sorry. I'm typing from a mobile device and it has auto word complete I meant MONDAY profit selloff. Everyone's on vacation right now, so they're going to come back to work on Monday and say "holy crap! That went up!" and sell.

Congrats. That was a lottery ticket if I've ever seen one. GM common stock could've easily gone to 0. Same goes for Citi. Everyone that I know was buying puts against Citi even after the bailout and it went the opposite way. Citi and GM still have a lot of problems and GM is far from being out of the woods.

I don't necessarily think that they will sell off Monday. I'd still sell some to lock in your profits though.

I called this current market after the sell off following the election. We have resistence on the DJIA in the mid to upper 9K range and we had support in the low 8K, high 7K range. We broke through support and got down to about 7,500. I blame that on Paulson doing a 180 on the TARP a few days before we broke support. The auto industry congressional hearings didn't help either.

Anyway.. I loaded up when the DJIA was in the 7K range and I plan to dump most of everything when we hit the mid 9K range. I took some off today and will probably take a little more off Monday. I wouldn't take everything off though because I don't think that this rally is over.

If we make it to the mid 9K range on the DJIA and then have a huge sell off, I'd expect to retest those lows again. If it happens again, back up the truck!

 

[Fritzo]

Originally posted by: Salvador

Originally posted by: Fritzo

Originally posted by: manlymatt83

Originally posted by: Fritzo

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

money profit sell off?

LOL- sorry. I'm typing from a mobile device and it has auto word complete I meant MONDAY profit selloff. Everyone's on vacation right now, so they're going to come back to work on Monday and say "holy crap! That went up!" and sell.

Congrats. That was a lottery ticket if I've ever seen one. GM common stock could've easily gone to 0. Same goes for Citi. Everyone that I know was buying puts against Citi even after the bailout and it went the opposite way. Citi and GM still have a lot of problems and GM is far from being out of the woods.

I don't necessarily think that they will sell off Monday. I'd still sell some to lock in your profits though.

I called this current market after the sell off following the election. We have resistence on the DJIA in the mid to upper 9K range and we had support in the low 8K, high 7K range. We broke through support and got down to about 7,500. I blame that on Paulson doing a 180 on the TARP a few days before we broke support. The auto industry congressional hearings didn't help either.

Anyway.. I loaded up when the DJIA was in the 7K range and I plan to dump most of everything when we hit the mid 9K range. I took some off today and will probably take a little more off Monday. I wouldn't take everything off though because I don't think that this rally is over.

If we make it to the mid 9K range on the DJIA and then have a huge sell off, I'd expect to retest those lows again. If it happens again, back up the truck!

I wasn't a lottery ticket really...I have a stock ticker and an MSNBC ticker on my Vista sidebar. When the news reported "Govt. reconsiders auto bailout", I bought quick. So did everyone else. When the gains started slowing , I sold, then I rebought at the end of the day after everyone sold. just a matter of keeping up on the news.

 

[Zim Hosein]

Originally posted by: Fritzo

Originally posted by: Zim Hosein
GM is up 0.72¢ to $5.53... I wonder if I should grab some shares...

Wait until the money profit selloff. It'll be down in the 4's again, then buy.

Well I made a gamble and bought some GM today, but saved some of my cash to buy more shares on Monday if/when it hits ~4's again Fritzo, thanks for the advice! :beer:

 

[rh71]

noob finance person who doesn't really care too much but I have to ask... AIG bailed out... stock continues to tank (existent anymore?)... Citibank bailed out... stock rises. What is the logical reason or is "investing" a complete random guess? Are the good investors winning the overwhelming majority of the time? How is this different than blind gambling?

 

[manlymatt83]

I also have another question on top of rh71's. Looking at the 100 year history of the DJIA, it seems once it drops, it eventually does go back up. So would this be a good time to begin investing MORE in individual stocks (I do mutual funds too, but like doing individual stocks for the fun of it as well) if I'm in it for the long term (10-20 years)?

 

[manlymatt83]

Also, what do people think of GM v. Ford? What's the better run long term and short term? I feel like I should dump my cash into one instead of betting half cash on both.