GM and Ford Stocks

Discussion in 'Stock Market' started by DavidS, Nov 19, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    GM - down 15.86% to $2.60 a new low
    Ford - down 10.7% to $1.50 lowest since 1983
     
  2. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    So, what do you think, David... Good buying opportunity, or Bankruptcy looking for a place to crash?

    -Joe
     
  3. DavidS
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    DavidS Anti-Tea Party Member

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    There are four stocks to stay as far away from as possible:

    Ford
    GM
    Goldman Sachs
    Citibank

    A month ago Citibank was at $18. It's now below $8. When their CEO fucked up the whole Wachovia deal, that was it. Citibank is DONE. And I don't want one penny to bail them out either.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    Update - Citibank at 6.45 down 23% today.
     
  5. DavidS
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    DavidS Anti-Tea Party Member

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    An update... a very sad one.

    Ford must have had a buy order at $1, because it's spiked 13 cents in the past few minutes, but it was down at $1.01 5 minutes ago.

    GM's stock is also getting slaughtered. It was down to $1.70 earlier today but is now at $2.03. Both of these guys are seeing double digit losses today.
     
  6. Helsetemp
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