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12-22-2008, 04:56 PM
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#1 | | I have named my kids VIC and VLS
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Posts: 36,469
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| Time to buy GM?
What u guys think about buying into GM as a long term hold? After the bailout they are down 25% at nearly 40 a share under 2 years ago
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Dank memes cant melt steel beams
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12-22-2008, 06:10 PM
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#2 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Bonds are fine, even if they are offically at Junk right now.
Stocks, remember FNM and FRE? IMO any potential (if any) bailout next year will involve Uncle Sam taking a majority stake in the companies to force through changes.
__________________ Quote:
Originally Posted by Fei-Ji  haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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12-22-2008, 06:22 PM
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#3 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
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the bailout will let them run for a few extra months then they will be bankrupt anyways... at which point they won't have to pay back the loans...
yah for our tax dollars at work.
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12-23-2008, 02:53 AM
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#4 | | I keep RS good
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stop trying to pick a bottom before it happens
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12-23-2008, 08:16 AM
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#5 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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i'd stay away from GM or F at this point. auto industry doesn't turn around like that, and volt is not going to save GM from going under.
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12-29-2008, 07:58 AM
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#6 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
Posts: 256
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gm n f make good trading vehicles
but as for a long term hold... there are far more safer bets then the big 3
Last edited by Hollyshiit; 12-29-2008 at 09:37 AM.
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12-29-2008, 07:59 AM
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#7 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
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short retail..
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12-29-2008, 09:06 AM
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#8 | | ninja edits your posts without your knowledge
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| Quote:
Originally Posted by Hollyshiit gm n f make good trading vehicles
but as for a long term hold... they are far more safer bets then the big 3 | wat?
GM and Ford are part of the big 3.
What do you mean by "they are far more safer (ugh) bets then (ugh) big 3"?
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12-29-2008, 09:36 AM
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#9 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
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what i meant to say was
the big 3 is a risky play..
and i put "they" instead of "there"...
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12-29-2008, 04:07 PM
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#10 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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retailers and commercial real estate firms r getting hammered
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12-29-2008, 06:10 PM
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#11 | | Not a mod
Join Date: Mar 2007 Location: Surrey
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Consumer confidence is down meaning sales will be down plus regardless of the bailout money, GM will continue to produce shit quality. There are much better options available.
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01-02-2009, 11:07 AM
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#12 | | SFICC-03*
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do you like to play the lottery? how about blackjack at the casino? your odds are about the same. its like buying FNM or FRE, you'll see days where it jumps 30%, and days where it falls 30%. i hope you have a strong stomach
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01-02-2009, 11:47 AM
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#13 | | OWNER/C.F.O./MONEYMAN
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i see it as a step droping value. the first initial loan is not significant enough to apply change. the value will take another dump when these funds are exhausted.
when is it a good time to buy? IF it ever happens, which i doubt, but if any of the big 3 happen to go thru a total corporate restructuring overhaul, that will be a good time to look into buying. well, one can only hope.
as for right now, i see it more as any rise in the stock values = just small sparks, nothing permanent, nothing long term but the downward pressure from lack of consumer confidence, and old business handling practices is a sure bet.
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01-02-2009, 08:48 PM
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#14 | | My homepage has been set to RS
Join Date: Dec 2003 Location: Van
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| Quote:
Originally Posted by Hondaracer What u guys think about buying into GM as a long term hold? After the bailout they are down 25% at nearly 40 a share under 2 years ago | STAY AWAY! When they go bankrupt or bailed out, guess how much your stock is worth?
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01-03-2009, 12:19 PM
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#15 | | OWNER/C.F.O./MONEYMAN
Join Date: Mar 2001 Location: Vancouver
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bankruptcy has set rules and parameters as well. the thing i would look for is restructuring. this is forced up upon them. the reason why the big 3 are asking for money isnt to keep things going, its to keep the people in power, in power. they want at all cost to not sell off, cuz there are plenty of rich countries and rich foreign investor that are ready and willing to buy them up. its a fight for who has control, and the reason why the US fed gov't got involved is because majority stakes and share holders are american, they dont want an american owned corp, especially ones as big as the gm chrystler ford to be owned by majority foreign investors. it becomes a matter of pride. Quote:
Originally Posted by goo3 STAY AWAY! When they go bankrupt or bailed out, guess how much your stock is worth? | | |
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