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07-16-2008, 10:24 AM
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#1 (permalink) |
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6.0 Liter Vortec V8
Join Date: Mar 2003
Location: Washington, DC
Posts: 1,831
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GM Stock Rallies
GM stock is rallying as of 11:21am, July 16, 2008. It is up over 13% for the day. Hopefully it can be sustained.
http://finance.yahoo.com/echarts?s=G...urce=undefined |
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07-16-2008, 10:27 AM
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#2 (permalink) |
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7.0 Liter LS7 V8
Join Date: Dec 2007
Location: West Chester, OH
Drives: Chevrolet Malibu LS, GMC Envoy SLE, GMC Sonoma SLS
Posts: 5,177
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Re: GM Stock Rallies
AHHHH!!!!
C'mon GM! You can do it!!! Hey Lutz, I bet if you announced the Cruze ready for US production/delivery in 2009, GM stock would jump even more. Just a suggestion. 
__________________
Proud to drive American. Proud to drive GM. Current Cars: 2007 Chevrolet Malibu LS: 2.2L ECOTEC I-4 2003 GMC Envoy SLE: 4.2L Vortec 4200 I-6 1998 GMC Sonoma SLS Ext. Cab: 4.3L Vortec 4300 V6 Former Cars: 1993 Saturn SW2 (1993-2006, 243,000 miles) 1989 GMC Safari SLT (1989-2003, 293,000 miles) Future Car: 2010 Chevrolet Camaro 2LT RS: 3.6L DI VVT V6 
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07-16-2008, 11:51 AM
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#4 (permalink) |
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5.3 Liter Vortec V8
Join Date: Jan 2003
Location: Pensacola, Florida
Drives: '07 Corvette Z51
Posts: 1,435
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Re: GM Stock Rallies
Can't go much lower than it did. I'm surprised Kerkorkian or someone like that hasn't tried a hostile takeover since the stock was so low!
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GM better hope the Volt is a runaway success, because all the eggs are in that basket!
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07-16-2008, 11:57 AM
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#5 (permalink) |
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3.6 Liter V6
Join Date: May 2007
Posts: 1,242
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Re: GM Stock Rallies
Wow! back in the 11's who'd of thunk it?
 
__________________
How many shares of GM do you own? If you love GM and if you love Rick, BUY SOME! They're going cheap only $20.00, nope 15.50, nope 14.77, nope 13.77... CRAP $11.50 OMG 10.06 Stop the presses! The turnaround has begun... we are back trading in the 12's Never mind  back in the 10's, 9's, 8's, 7's, 6's, 5's, 4's This is killing me
Last edited by 2002 Caddy : 07-16-2008 at 12:06 PM. |
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07-16-2008, 12:09 PM
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#6 (permalink) | |
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4.4 Liter Supercharged Northstar
Join Date: Dec 2004
Posts: 2,429
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Re: GM Stock Rallies
Quote:
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07-16-2008, 12:49 PM
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#7 (permalink) |
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5.3 Liter LS4 V8
Join Date: Jan 2005
Location: Windsor Ontario, Canada
Drives: 2004 Chevy Silverado Z71;
1987 Plymouth Reliant
Posts: 3,080
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Re: GM Stock Rallies
 I knew I shoulda bought some yesterday! 
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eXcelon inside ... Aut viam inveniam aut faciam  Always Part of the Solution |
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07-16-2008, 03:01 PM
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#9 (permalink) |
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3.6 Liter V6
Join Date: May 2007
Posts: 1,242
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Re: GM Stock Rallies
I called my "overly negative" broker today and asked him...
Why? His answer was pure genous and very simple... He asked me... If a company splits a stock 2 for one and makes no other news... what do you think the stock price will do? I answer, It will be cut in half... Very good he says... glad you were paying attention when you got you MBA... Next question... Lets say you have a company with a Market Cap of 5.5 Billion and they anounce that they just found 800 Million in cash... Now what is the market cap worth? About 6.3 Bill, I answer. Very good he says... Last question... where is GM trading...? around $11.30 a share with a new market cap of 6.4 Billion.... A-ha... the light goes on... His POV almost all of the rally to 11.30/11.40 can be directly attributed to the cash generated from the elimination of the dividend. He still wants me to sell... I hate to say it but I'm going to dump half.
__________________
How many shares of GM do you own? If you love GM and if you love Rick, BUY SOME! They're going cheap only $20.00, nope 15.50, nope 14.77, nope 13.77... CRAP $11.50 OMG 10.06 Stop the presses! The turnaround has begun... we are back trading in the 12's Never mind back in the 10's, 9's, 8's, 7's, 6's, 5's, 4's This is killing me
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07-16-2008, 03:21 PM
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#11 (permalink) | |
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5.3 Liter Vortec V8
Join Date: Oct 2005
Location: Ann Arbor, Michigan
Drives: 2008 Saturn ASTRA 5dr XR
2005 Chevrolet Equinox
Posts: 1,266
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Re: GM Stock Rallies
Quote:
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2005 Chevrolet Equinox LT FWD - Silver - Mine 2008 Saturn ASTRA 5-door XR - Sandstone - Hers |
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07-16-2008, 03:25 PM
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#12 (permalink) |
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6.0 Liter Vortec V8
Join Date: May 2005
Location: Flint MI
Drives: 08 Enclave
Posts: 1,527
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Re: GM Stock Rallies
temporary. the Red Ink will soon be flowing again along with further debt downgrade. also, July's results will be a disaster. sticking with forecast of $5 by mid-August. remember the banks always support Wags when he cuts deep. it won't last.
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Buickman Founder www.GeneralWatch.com It's not sunk, but's its definitely sinking. We don't need a Volt, we need a Revolt! |
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07-16-2008, 03:42 PM
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#13 (permalink) | |
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6.0 Liter Vortec V8
Join Date: Mar 2007
Location: Los Angeles
Posts: 1,828
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Re: GM Stock Rallies
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07-16-2008, 04:18 PM
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#14 (permalink) | |
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4.4 Liter Supercharged Northstar
Join Date: May 2003
Location: Canada
Posts: 2,116
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Re: GM Stock Rallies
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07-16-2008, 04:42 PM
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#15 (permalink) | |
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7.0 Liter LS7 V8
Join Date: Aug 2003
Posts: 6,823
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Re: GM Stock Rallies
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