Who is getting hammered by the stock Market

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Originally Posted by Fastbird

I for one am, and it's putting a SERIOUS hurting on my financial position. My portfolio is down over 60% in the past 2 weeks. Just getting hammered from everywhere something fierce.

That said......


I wish I had a ton of cash to throw at GM. Under $5.00 and you know they're not going anywhere. That's at a 58 year low and is bound to correct to the high side.

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Not me pal. My money is all wrapped up in my high yeild savings account, and it safely pays me consistantly every month :)

As for GM, I do not agree with you. Just today theres serious talk of GM merging with Chrysler just to keep the companies a float. GM is not doing well, and hasn't for a while. I pray the Camaro resurects GM, but I don't know that they will make it that long.

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Originally Posted by CALL911

Not me pal. My money is all wrapped up in my high yeild savings account, and it safely pays me consistantly every month :)

As for GM, I do not agree with you. Just today theres serious talk of GM merging with Chrysler just to keep the companies a float. GM is not doing well, and hasn't for a while. I pray the Camaro resurects GM, but I don't know that they will make it that long.

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A single car isn't going to resurrect GM. At all. But GM has been making the right moves. Consolidation, improved quality, reliability, ect. Problem is that those improvements don't mean squat with the overall market the way it is. Give it time, I think anyone that puts into GM now and sits on it will reap the benefit in the future.

As for the Chrysler thing......I just learned of that one yesterday. Up in the air there.......could be good for both if GM allowed Chrysler to maintain independence to a degree, could be the dagger that does them both in.

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Originally Posted by Fastbird

A single car isn't going to resurrect GM. At all. But GM has been making the right moves. Consolidation, improved quality, reliability, ect. Problem is that those improvements don't mean squat with the overall market the way it is. Give it time, I think anyone that puts into GM now and sits on it will reap the benefit in the future.

As for the Chrysler thing......I just learned of that one yesterday. Up in the air there.......could be good for both if GM allowed Chrysler to maintain independence to a degree, could be the dagger that does them both in.

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It's possible to argue that about most any stock right now that they are so low. Too risky for me man. I know its cheep, but I do not have the faith in GM jumping back anytime real soon. There's just no evidence of why it would.

I have been hit hard also. I have been watching Ford stock also. It was down to 2.08 per share yesterday.:secret:

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Originally Posted by Tony Shepherd

I have been hit hard also. I have been watching Ford stock also. It was down to 2.08 per share yesterday.:secret:

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She actually dipped down to 1.96 at one point. I don't invest in Ford though because I have zero faith in that company. Had a VERY bad taste left in my mouth after owning a FoMoCo product that was unreliable and had a couple of dealerships that didn't know what they were doing.