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    Author Topic: GM  (Read 2530 times)

    craigsmytcudas

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    GM
    « on: October 16, 2008 - 10:29:43 PM »
    Well any thoughts on the new general mopar corp . i bought some gm stock for grins .c
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    Offline JS27N0B

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    Re: GM
    « Reply #1 on: October 16, 2008 - 10:39:26 PM »
    I think your stock may go down and Chrysler stock will hopefully go up!
    I think it's all a crock actually.
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    Offline scf100

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    Re: GM
    « Reply #2 on: October 16, 2008 - 10:39:36 PM »
    I don't EVEN want to think about it.......
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    craigsmytcudas

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    Re: GM
    « Reply #3 on: October 16, 2008 - 10:48:53 PM »
    Quote from: JS27N0B on October 16, 2008 - 10:39:26 PM
    I think your stock may go down and Chrysler stock will hopefully go up!
    I think it's all a crock actually.
    i expect some short term loss .but if this goes down it will be in less than a few weeks . gm is about to drop in a few weeks along with dodge .this needs to happen, the lenders are pushing this or no influx of working capital .c
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    Offline 71chally416

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    Re: GM
    « Reply #4 on: October 16, 2008 - 10:49:18 PM »
    I don't think GM stock can go any lower. You probably won't lose much if it tanks  :smilielol:
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    craigsmytcudas

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    Re: GM
    « Reply #5 on: October 16, 2008 - 10:54:43 PM »
    Quote from: 71chally416 on October 16, 2008 - 10:49:18 PM
    I don't think GM stock can go any lower. You probably won't lose much if it tanks  :smilielol:
    thats why i did it . ;D
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    Offline asm74

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    Re: GM
    « Reply #6 on: October 17, 2008 - 12:17:48 AM »
    Chrysler is private now.  You can't buy it even if you wanted to...
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    Offline Carlwalski

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    Re: GM
    « Reply #7 on: October 17, 2008 - 02:23:56 AM »


    In case I'm drunk, has this deal already been made and GM and Chrysler are now officially "one"? :dunno:
    I heard about the plans to (been on the cards for a year now) but hadn't heard that it actually "happened". ???
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    Offline Jacksboys

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    Re: GM
    « Reply #8 on: October 17, 2008 - 03:11:39 AM »
    Quote from: Carlwalski on October 17, 2008 - 02:23:56 AM

    In case I'm drunk, has this deal already been made and GM and Chrysler are now officially "one"? :dunno:
    I heard about the plans to (been on the cards for a year now) but hadn't heard that it actually "happened". ???

    It is not official yet, according to the news, they are still just talking.
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    Offline Carlwalski

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    Re: GM
    « Reply #9 on: October 17, 2008 - 03:32:44 AM »
    Quote from: jacksboys on October 17, 2008 - 03:11:39 AM
    It is not official yet, according to the news, they are still just talking.

    Thanks mate and whew! (for now).  :-[
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    Offline 73Chally

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    Re: GM
    « Reply #10 on: October 17, 2008 - 09:03:43 AM »
    Quote from: asm74 on October 17, 2008 - 12:17:48 AM
    Chrysler is private now.  You can't buy it even if you wanted to...
    I believe the deal is that Cerberus (?), who is the majority owner of Chrysler, is also a partial owner of GM, and they are talking about trading shares that would make them the majority owner of both companies.  It's not like they are going to change any nameplates or brands, you'll just probably see the demise of Pontiac, Buick, and Hummer (Hummer will be sold off, the others will go the way of Oldsmobile).  It's not necessarily a bad thing, since they already share some of their technology.
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    Offline ViperMan

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    Re: GM
    « Reply #11 on: October 17, 2008 - 09:11:10 AM »
    Not quite - Cerberus is a partial owner of GMAC - the financial credit company.  GMAC does auto loans, mortgages, etc.  Cerberus was basically offering Chrysler in exchange for the REST of GMAC.
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    Offline 73Chally

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    Re: GM
    « Reply #12 on: October 17, 2008 - 09:16:08 AM »
    Ahhh.  Thanks for straightening that out.
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    Offline DAYTONA

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    Re: GM
    « Reply #13 on: October 17, 2008 - 02:52:37 PM »
    ...bought last week at $4.82....it's done well for me so far

    ...next year I'll but a new Chevy Challenger and help out their earnings :roflsmiley:
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    craigsmytcudas

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    Re: GM
    « Reply #14 on: October 17, 2008 - 04:45:40 PM »
    Quote from: DAYTONA on October 17, 2008 - 02:52:37 PM
    ...bought last week at $4.82....it's done well for me so far

    ...next year I'll but a new Chevy Challenger and help out their earnings :roflsmiley:
    thanks daytona some one here gets it . im not buying chrysler but gm stock and it looks good . good luck to both of us daytona .craig :droolingbounce:
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