GM Stock Nearly Doubles in One Week

[Buickman]

Originally Posted by NfamousZ24

Buickman I would have agreed with you if Oil wasn't dropping, And if the goverment wasn't enforcing shorts laws that are in place.

But we have Oil dropping and goverment actually enforcing the laws.

July is in the tank and they have just detailed EOM program which is typically ridiculous. this one is sure to do NOTHING. the numbers are going to be horrible. Q2 results out any day and the Red Ink will be flowing. Moody's sure to drop another ratings notch very soon. the irrational exuberance (ie dealers buying stock) will soon subside and reality clicks in (ie No Dividend!). much as I love GM, with current management, I wouldn't touch the common at anything more than $5. at that price you're only gambling that the banks won't let the cash cow keel over.

[vcs2600]

I'm no expert, but it seems like the stock is going to be volatile until things get straightened out. Great if you're a day-trader, I guess.

[2002 Caddy]

Originally Posted by vcs2600

I'm no expert, but it seems like the stock is going to be volatile until things get straightened out. Great if you're a day-trader, I guess.

Yup... No one is "investing" right now... everyone is "gambling"...

[SlySy]

Hold the circle jerk everybody, we're one hurricane or terrorist threat away from 200 dollar oil and 5 dollar GM share price.

[detltu]

I'm glad GM stock has bounced back up and I'm kicking myself for not buying when it got below ten like I said I would. The reason I didn't is of course I thought it would go lower. I really still think that it is going to go lower though. As far as I can tell GM doesn't have any good news on the horizon for a while. Talking about the Camaro and volt are good but those cars won't be on sale until next year at the earliest. If the stock hits $10 again I will buy. But I wouldn't be surprised to see $7 or even $5. If it hits $5 I'll be buying again.

[TimR]

Originally Posted by SlySy

Hold the circle jerk everybody, we're one hurricane or terrorist threat away from 200 dollar oil and 5 dollar GM share price.

Don't care, made my money already

[Ming]

The GM stock roller coaster continues:

http://finance.yahoo.com/echarts?s=G...ol=GM;range=5d

[fp115]

Originally Posted by Ming

The GM stock roller coaster continues:

http://finance.yahoo.com/echarts?s=G...ol=GM;range=5d

Now I am just awaiting for the full loop to come around :P

[2002 Caddy]

Now, THAT was funny!

[2002 Caddy]

For anyone left watching the train wreck that is the stock price
We are essentially tracking back to the 10's as it has lost about $4 a share in the last 3 trading days. Closing down $0.90 at 11.00...

I found this depressing graph

The green line is return on the S&P 500.
The Orange line is return on all other car manufactures. And
The Red line...


OK all you "woulda coulda shoulda" guys... The stock will probably be in the 10's tomorrow... Call your broker... time to buy!

[Buickman]

five by 8-15. when the leases go sky high dealers go nuts and stop ordering production. they want to cut dealers, this will do it in spades. RIR is managing to unnerve everyone from retirees to dealers. wait til customers leave in droves to lease elsewhere. this is gonna get very ugly.

[fp115]

Leasing has much less to do with RIR, than it has to do with crediting and other economic troubles. Many other companies would be stupid not to follow shortly.

You're getting pretty annoying now...

[Buickman]

Originally Posted by fp115

Leasing has much less to do with RIR, than it has to do with crediting and other economic troubles. Many other companies would be stupid not to follow shortly.

You're getting pretty annoying now...

has everything to do with RIR. you see that's the problem, never is anyone held responsible. as the man at the top he is accountable for the lack of vision regarding "all in" on trucks, and apparently had no idea oil prices would rise, the dearth of effecient products, particularly cars, and the most pitiful and blatantly incompetent continued reliance on the world's most ludicrous marketing. yeah...he's to blame and I do.

bottom line...remember when he became CEO the company was worth $66 Billion. 90% of that is GONE. no control over GMAC (not a good thing we sold, should never had allowed the loan portfolio to become watered), Olds GONE, asssets galore GONE, ratings in the toilet, debt in the stratosphere, market share diminishing annually. we have no leadership, no growth, no good news, and everyone is suffering, from communities to retirees to suppliers, to dealers and salespeople, while our customers are frustrated and confused.

oh poor RIR, he inherited so many problems. WAAAA WAAAA WAAAA.

buy puts, short the stock. this company is done like a dinner.

[fp115]

Originally Posted by Buickman

has everything to do with RIR. you see that's the problem, never is anyone held responsible. as the man at the top he is accountable for the lack of vision regarding "all in" on trucks, and apparently had no idea oil prices would rise, the dearth of effecient products, particularly cars, and the most pitiful and blatantly incompetent continued reliance on the world's most ludicrous marketing. yeah...he's to blame and I do.

bottom line...remember when he became CEO the company was worth $66 Billion. 90% of that is GONE. no control over GMAC (not a good thing we sold, should never had allowed the loan portfolio to become watered), Olds GONE, asssets galore GONE, ratings in the toilet, debt in the stratosphere, market share diminishing annually. we have no leadership, no growth, no good news, and everyone is suffering, from communities to retirees to suppliers, to dealers and salespeople, while our customers are frustrated and confused.

oh poor RIR, he inherited so many problems. WAAAA WAAAA WAAAA.

buy puts, short the stock. this company is done like a dinner.

Some Toyota, Honda, Nissan all knew that oil would have hit $145 a barrel? Even why they said had no idea would go up 50% in less than a year? Right, Rick is all to blame, but yet all others who haven't forseen these events can be praised? Nissan has invested heavily into trucks, same with Toyota and Honda. Look at them now, pulling back on production and even axing some projects. If Rick has done such a poor job at predicting this "perfect storm" why haven't any of the other "perfect management teams" predicted the rise of energy costs?

You just want to place blame on things he had nothing to do with Rick, your arguments are becoming more and more ridiculous by the day. Why do you even bother to continue amazes me. Great so you had an idea in the past but couldn't keep your mouth shut and had to attack everyone in your line of sight, why the hell would anyone want to listen to someone as obnoxious as you? Not everyone is suffering, but in your little world you like to seem to think they do. Frankly you just want profit and don't seem to much care about the business one bit.

So far I've seen you complain about all the good moves done lately simply for personal reasons or reasons that seem to be of no relevance to your agenda. Insurance for one, look up on Socrates and search for Rick's and Fritz's interview, you will see that you are clearly wronged with the way it will work. Lease programs in the past 2 years in Canada have gone to the hole, back when the loonie was at 60 cents vs the USD and compared to now, GMAC made some great losses, especially on SUV and Trucks. In the end there is very little difference in Lease and Financing, people simply want the smallest number and with changes being made to the billing it will make very little difference, except if you want someone like lets say the CTS which has a very high residual value. Other than that you are paying the true cost of a car not trying to "fake" your way into a car you really can't afford. Other companies will follow, at least in Canada.

Oh I can go on all day about the flaws in all your arguments. Seeing as you never have any sort of rebuttal on anything anyone says on this site that proves you wrong, why waste my breath. Keep making a fool of yourself and your "plan" that will keep on failing because of your arrogance, its becoming something quite entertaining at this point. Lets take out the champagne on the 10th year anniversary of your failed plan. If the company has failed, why not just sell all your stock and dealerships and go to a company you seem to think is best, say Toyota?

[Buickman]

Originally Posted by fp115

Some Toyota, Honda, Nissan all knew that oil would have hit $145 a barrel? Even why they said had no idea would go up 50% in less than a year? Right, Rick is all to blame, but yet all others who haven't forseen these events can be praised? Nissan has invested heavily into trucks, same with Toyota and Honda. Look at them now, pulling back on production and even axing some projects. If Rick has done such a poor job at predicting this "perfect storm" why haven't any of the other "perfect management teams" predicted the rise of energy costs?

You just want to place blame on things he had nothing to do with Rick, your arguments are becoming more and more ridiculous by the day. Why do you even bother to continue amazes me. Great so you had an idea in the past but couldn't keep your mouth shut and had to attack everyone in your line of sight, why the hell would anyone want to listen to someone as obnoxious as you? Not everyone is suffering, but in your little world you like to seem to think they do. Frankly you just want profit and don't seem to much care about the business one bit.

So far I've seen you complain about all the good moves done lately simply for personal reasons or reasons that seem to be of no relevance to your agenda. Insurance for one, look up on Socrates and search for Rick's and Fritz's interview, you will see that you are clearly wronged with the way it will work. Lease programs in the past 2 years in Canada have gone to the hole, back when the loonie was at 60 cents vs the USD and compared to now, GMAC made some great losses, especially on SUV and Trucks. In the end there is very little difference in Lease and Financing, people simply want the smallest number and with changes being made to the billing it will make very little difference, except if you want someone like lets say the CTS which has a very high residual value. Other than that you are paying the true cost of a car not trying to "fake" your way into a car you really can't afford. Other companies will follow, at least in Canada.

Oh I can go on all day about the flaws in all your arguments. Seeing as you never have any sort of rebuttal on anything anyone says on this site that proves you wrong, why waste my breath. Keep making a fool of yourself and your "plan" that will keep on failing because of your arrogance, its becoming something quite entertaining at this point. Lets take out the champagne on the 10th year anniversary of your failed plan. If the company has failed, why not just sell all your stock and dealerships and go to a company you seem to think is best, say Toyota?

u r silly.