Buy GM, yes GM

[MajorUrsa]

Quote from andrasnm:

If I would not buy their crappy cars I certainly would not buy their crappier stock. RIP detroit - you fucked up! And the saying "As GM goes so goes the US" is sooo passe. Despite the fact I am not a US bull, low price stocks and midcaps can still flurish in the US log passed when GM will no longer trade....

+1

I think the whole problem in Detroit has been that for years management could somehow convince themselves and the workers that they built the best cars in the world. In fact, that world knew better, these cars were crap to todays standard. Almost any japanese or european car is built better, more efficient and easier to use.
This denial of reality is what killed them in the end. What helped is a government that didn't urge them, by tax or whatever, to build more energy-eficiency and pollution-controlled. Current government is in the pocket of banks and big industry and their natural conservatism will be their demise. Thank god for that.

 

[MajorUrsa]

Quote from stock_trad3r:

See GM going to 40 wihout much problems

Like you saw DOW go to 15000 before dec?

Let me remind you and your followers that you lost 4000 US$ since 10/10 per YM contract. Had you gone short on 10/10 you'd have won US$4000.
That is 8000 US$ in missed opportunity, per contract. You call that trading?

 

[stock_trad3r]

Keep in mind though that GM stocks has defied the bears for the past 2 years in spite of all the bad news.

 

[MajorUrsa]

Quote from stock_trad3r:

Keep in mind though that GM stocks has defied the bears for the past 2 years in spite of all the bad news.

You are talking about stockholder value, determining the shortsighted and ineffective measures of the last 5 years.
That is passe, currently we look at longterm survivability. Whole different picture there.

 

[stock_trad3r]

Gm getting nailed. Down 5%

but could be worse. not gonna give up on this. Still a good buy.

 

[MajorUrsa]

Quote from stock_trad3r:

Gm getting nailed. Down 5%

but could be worse. not gonna give up on this. Still a good buy.

Thats ok, just keep in mind that you have to gain 5.5% again to break even.

 

[Cdntrader]

Quote from stock_trad3r:

Gm getting nailed. Down 5%

but could be worse. not gonna give up on this. Still a good buy.

ResCap's bonds extend losses, fall 7 points
Fri Nov 16, 2007 12:24pm ET



NEW YORK, Nov 16 (Reuters) - Bonds of home lender Residential Capital extended losses on Friday, a day after the Wall Street Journal reported in its online edition that the GMAC unit may be close to violating some debt covenants.

ResCap's 7.125 percent notes due in 2008 fell to 61.25 cents on the dollar, down from 69 cents on Thursday, while its 6.224 percent notes due in 2008 fell to 68 cents, down from 75 on Thursday, according to MarketAxess. (Reporting by Dena Aubin; Editing by James Dalgleish)

 

[moo]

GM - the first stock in Dow30 to fall below $5.

 

[stock_trad3r]

yea this pick sucked

down about 12% from my rec point

 

[gobar]

i told u GM is worst stock.... it will be the range of 25 to 35 for next couple of yrs...

u r good picking stock only in tech sector
esp AAPL, RIMM, BIDU and GOOG...

other then that ur pick sucks big time...

when FXI was 210 u bought dec call option what happen to those?