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OT/ GM under $6

Discussion in 'Uncategorized Threads' started by Bisi, Oct 9, 2008.

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  1. Bisi

    Bisi TS Member

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    Just watching the ticker GM under $6 a share! Ford under $2.50. AA around $14, never saw it that low. Not saying to invest, but if a guy wanted to gamble a little.

    Purchasing a 100 shares of Ford is cheaper than a day of shooting. The way I have been shooting I've got a better chance of winning with Ford than I do with a shotgun in my hands.
     
  2. Rocketdog

    Rocketdog Member

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    Well said waterhouselake .
     
  3. hmb

    hmb Well-Known Member

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    It's $4.85 now. HMB
     
  4. Jeff P

    Jeff P Well-Known Member

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    There's a fantastic sale on companies that make real products and own real assets, like waterhouselake said....

    DOW CHEMICAL

    GENERAL ELECTRIC

    SOUTHERN COMPANY

    EXXON MOBIL

    CONOCO...hell, any big oil company. pick one....

    PROCTER AND GAMBLE
     
  5. Trappy12

    Trappy12 Active Member

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    What were their share prices say, a year or two ago?
    -Trappy
     
  6. richrob

    richrob TS Member

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    I got in AA and GM a little too early and have been getting killed. But I know they will go back up, and its not a loss till you sell right?

    Another good value is T, AT&T. - Rich
     
  7. Brian in Oregon

    Brian in Oregon Well-Known Member

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    Junk bonds and junk products. They go hand in hand.
     
  8. Brian in Oregon

    Brian in Oregon Well-Known Member

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    DETROIT (Reuters) - The global auto market may experience an "outright collapse" in 2009 amid growing concerns around credit availability of credit and general economic stress, an influential industry tracking firm said on Thursday.
    J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away.
    "While the global automotive industry is clearly experiencing a slowdown in 2008, the global market in 2009 may experience an outright collapse," said Jeff Schuster, executive director of automotive forecasting for J.D. Power.
    "While mature markets are being impacted more severely than emerging markets, no country or region is completely immune to the turmoil," Schuster said.
     
  9. richrob

    richrob TS Member

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    Just gonna hang on to it, dont need the money now, if I did, I woudn't have put it in the stock market. -Rich
     
  10. bigclown

    bigclown TS Member

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    Maybe, just maybe, GM executives and salaried workers could be innovative and take 50% pay cuts and lead the way for the UAW members to renegotiate their labor agreements. Naah, never happen...the taxpayers will have to bail them out. Regards, Ed
     
  11. skeeljc

    skeeljc Supporting Vendor Supporting Vendor

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    I bought GM at 10 and sold it at 14 a couple of days later. I bought in again at 10, and 9, and 8 and 6.50. I guess I will let it sit for a couple of years!

    Jim
     
  12. cubancigar2000

    cubancigar2000 Well-Known Member

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    GM or Ford stock can't be cheap enough to be a good buy now.
     
  13. CalvinMD

    CalvinMD Well-Known Member

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    it might be worth the gamble though
     
  14. cubancigar2000

    cubancigar2000 Well-Known Member

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    I gambled on Chrysler about 20 years ago and won, not gonna try it again
     
  15. smsnyder

    smsnyder Well-Known Member

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    GM $4.67, ford $2.08,Dow Chem $25.79,GE $19.00,exxon $68.00
     
  16. ronbo142

    ronbo142 TS Member

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    Should go on and buy Budwieser was $61.00 yeasterday and once Imbev takes over you will get $70.00 per share.

    Ronbo
     
  17. cubancigar2000

    cubancigar2000 Well-Known Member

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    They say people drink more when times get tough. My wife works in the beer & wine industry and it has slowed up significantly
     
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