GM and Ford Stocks

[DavidS]

GM - down 15.86% to $2.60 a new low
Ford - down 10.7% to $1.50 lowest since 1983

 

[AVG-JOE]

GM - down 15.86% to $2.60 a new low
Ford - down 10.7% to $1.50 lowest since 1983

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

-Joe

 

[DavidS]

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

-Joe

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.

 

[DavidS]

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.

Update - Citibank at 6.45 down 23% today.

 

[DavidS]

GM - down 15.86% to $2.60 a new low
Ford - down 10.7% to $1.50 lowest since 1983

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.

 

[Helsetemp]

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