GM Stock In old Ford Territory - $12.91 and Still Falling...

killerrd2 · 06-23-2008, 09:52 PM

GM stock slide today to the below:

12.91-0.88 / -6.38% Jun 23

Holy cr*p!!

http://money.cnn.com/quote/quote.html?symb=GM

It just keeps on sliding! Where will it stop!!!

Buickman · 06-23-2008, 10:02 PM

Quote:

Originally Posted by killerrd2

GM stock slide today to the below:

12.91-0.88 / -6.38% Jun 23

Holy crap!!

http://money.cnn.com/quote/quote.html?symb=GM

It just keeps on sliding! Where will it stop!!!

when the Board stops the dividend it drops to $5.00 and that is too much for a company with -$41 Billion shareholder value. Red Ink Rick has done a job selling us off, burying us in debt, and mismanaging the firm.

johnstarnes · 06-23-2008, 10:24 PM

If the Volt and E-Flex turn out to be all they are being touted and more, I wonder if this trend will reverse? I suspect that E-Flex could be a real game changer.

Buickman · 06-24-2008, 06:41 AM

Quote:

Originally Posted by johnstarnes

If the Volt and E-Flex turn out to be all they are being touted and more, I wonder if this trend will reverse? I suspect that E-Flex could be a real game changer.

hopes and dreams. the past indicates clearly that this management cannot be trusted or relied upon. quit dreaming and join the call to remove Red Ink Rick while there still is a GM.

ksr · 06-24-2008, 07:19 AM

Starting to sound like a good buying opportunity.

I think Waggoner was just unfortunate enough to be head of GM while oil prices skyrocketed.

jason4225 · 06-24-2008, 07:45 AM

Quote:

Originally Posted by ksr

Starting to sound like a good buying opportunity.

I agree, but not just yet. I think that the price might drop a bit more, but I don't suspect that it will fall below $10. Unfortunately it has taken a big hit recently due to many factors, but it will rebound in time. I don't believe that Lutz or Wagoner need to be replaced, but there must be other managers that aren't doing their job.

dindak · 06-24-2008, 08:01 AM

I think GM stock is a buy soon but I would wait a little longer. Global sales are still strong in spite of what is happening in the U.S. but if sales in emerging markets starts to slow also, GM is in bigger trouble and that's what the market is pricing in now.

Bvonscott · 06-24-2008, 11:28 AM

Buy it now while its low... its going to go back up eventually.

**Ming** · 06-24-2008, 11:46 AM

Let's wait and see how GM rides out not being able to rely on SUV and Truck profits before we make any wild financial decisions either way.

Remember when you lose in the stock market, someone else wins... I'd hate to line the pockets of guys shorting GM stock.

It wasn't long ago when people were saying "Buy Ford, it can only go up from 7 dollars"...

wescoent · 06-24-2008, 11:54 AM

Ford market cap: 12.06 billion

GM market cap: 7.62 billion

Ford's been way more valuable than GM for a long time now.

TimR · 06-24-2008, 12:07 PM

Quote:

Originally Posted by Ming

It wasn't long ago when people were saying "Buy Ford, it can only go up from 7 dollars"...

uhh...you have forward industries on there, Ford Motor Co is at 5.48 currently.

Tim

**Ming** · 06-24-2008, 12:12 PM

Quote:

Originally Posted by TimR

uhh...you have forward industries on there, Ford Motor Co is at 5.48 currently.

Tim

LOL - fixed.

I thought that was shockingly low, even for Ford stock.

TimR · 06-24-2008, 12:18 PM

Quote:

Originally Posted by Ming

LOL - fixed.

I thought that was shockingly low, even for Ford stock.

yeah I just about fell out of my chair when I saw that because yesterday it was mid 5's...Course I DID fall out of my chair at GM in the 12's, was in the 20's just a month or two ago. There are calls for pulling GM off the Dow Industrial Average and (get this) replacing it with Toyota or Honda!!!! Not kidding:

http://money.cnn.com/2008/06/24/mark...ion=2008062411

eaton53 · 06-24-2008, 12:45 PM

The comments are good, though.
Basically they're saying the guy's a moron who's trying to make the Dow look better than it is.

I liked the comment about the Dow Jones INDUSTRIAL Average and how they shouldn't have non-industrial companies on there. Of course the way things are going they're going to be hard pressed to find a U.S. industrial company...

AMERICA 123 · 06-24-2008, 01:43 PM

Quote:

Originally Posted by Bvonscott

Buy it now while its low... its going to go back up eventually.

Exactly.

Depending on this and that, you can now take some day trading money and go long.

Next three months are going to offer some 'interesting' opportunities concerning GM.

06-23-2008, 09:52 PM	#1 (permalink)
killerrd2 3.0 Liter SIDI V6 Join Date: May 2003 Location: Great Lakes Road Warrior Drives: '10 Corolla - Where's the Chevy CRUZE?!? Posts: 610	GM Stock In old Ford Territory - $12.91 and Still Falling... GM stock slide today to the below: 12.91-0.88 / -6.38% Jun 23 Holy crp!! http://money.cnn.com/quote/quote.html?symb=GM It just keeps on sliding! Where will it stop!!! __________________ "Not everything that can be counted counts, and not everything that counts can be counted." -- Albert Einstein* Last edited by Ming : 06-24-2008 at 12:12 PM.

06-23-2008, 10:24 PM	#3 (permalink)
johnstarnes 6.2 Liter LS9 Supercharged V8 Join Date: Apr 2006 Location: Tampa Posts: 5,725	Re: GM Stock - $12.91 and still falling If the Volt and E-Flex turn out to be all they are being touted and more, I wonder if this trend will reverse? I suspect that E-Flex could be a real game changer. __________________ "The only normal people are the ones you don't know well". unknown

06-24-2008, 07:19 AM	#5 (permalink)
ksr 6.0 Liter L76 V8 Join Date: Mar 2007 Location: Bridgeville, PA Drives: 2004 CTS/2010 Camaro Posts: 2,435	Re: GM Stock - $12.91 and still falling Starting to sound like a good buying opportunity. I think Waggoner was just unfortunate enough to be head of GM while oil prices skyrocketed. __________________ Current: '10 Chevrolet Camaro '04 Cadillac CTS Past: '90 Pontiac Firebird Formula (used) '02 Chevrolet Monte Carlo SS '90 Buick Reatta (used) '98 Pontiac Trans Am convertible '97 Saturn SC1 '96 Dodge Avenger ES '95 Chevrolet Monte Carlo Z34 '90 Pontiac Firebird Formula '87 Chevrolet Cavalier RS '86 Chevrolet Cavalier RS

06-24-2008, 08:01 AM	#7 (permalink)
dindak 6.2 Liter LS3 V8 Join Date: Jan 2004 Location: Toronto area Drives: 2008 Chevrolet Malibu LT2 V6 / 2008 Montana SV6 Posts: 3,255	Re: GM Stock - $12.91 and still falling I think GM stock is a buy soon but I would wait a little longer. Global sales are still strong in spite of what is happening in the U.S. but if sales in emerging markets starts to slow also, GM is in bigger trouble and that's what the market is pricing in now.

06-24-2008, 11:28 AM	#8 (permalink)
Bvonscott 4.6 Liter Northstar V8 Join Date: Feb 2005 Location: California Drives: 07 GMC SIERRA VORTECMAX Posts: 1,989	Re: GM Stock - $12.91 and still falling Buy it now while its low... its going to go back up eventually. __________________ Member of the: I Will Never Buy a Japanese Car In My Life Club. www.BADBOYVETTES.com C6 and C6R rule!

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06-24-2008, 11:46 AM	#9 (permalink)
Ming GMI Staff Member Join Date: Jan 2003 Location: An Alternate Timeline Posts: 14,684	Re: GM Stock - $12.91 and still falling Let's wait and see how GM rides out not being able to rely on SUV and Truck profits before we make any wild financial decisions either way. Remember when you lose in the stock market, someone else wins... I'd hate to line the pockets of guys shorting GM stock. It wasn't long ago when people were saying "Buy Ford, it can only go up from 7 dollars"... __________________ Follow WoH on Facebook Follow C64 Walkabout on Facebook Thanks! Last edited by Ming : 06-24-2008 at 12:12 PM.

06-24-2008, 11:54 AM	#10 (permalink)
wescoent 6.2 Liter LS9 Supercharged V8 Join Date: Dec 2004 Posts: 6,462	Re: GM Stock In old Ford Territory - $12.91 and Still Falling... Ford market cap: 12.06 billion GM market cap: 7.62 billion Ford's been way more valuable than GM for a long time now.

06-24-2008, 12:45 PM	#14 (permalink)
eaton53 6.2 Liter LS3 V8 Join Date: Aug 2005 Posts: 3,428	Re: GM Stock In old Ford Territory - $12.91 and Still Falling... The comments are good, though. Basically they're saying the guy's a moron who's trying to make the Dow look better than it is. I liked the comment about the Dow Jones INDUSTRIAL Average and how they shouldn't have non-industrial companies on there. Of course the way things are going they're going to be hard pressed to find a U.S. industrial company... __________________ TiresomeOverratedYawnmobilesOrTediousAppliances When you're falling on your face you're still moving forward. Toyota... moving forward.

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