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-   -   GM bankruptcy tomorrow! (http://www.peachparts.com/shopforum/showthread.php?t=253841)

Rahulio1989300E 06-01-2009 12:37 AM

GM bankruptcy tomorrow!
 
If you own any GM stock and you are reading this, put in a sell all shares order now, market price, not limit price. You are about to be wiped out!

If you own Ford, hold on to it, but not for too long. Ford may seem to be doing better, but the fact is that they are still in some serious debt and car sales are still very slow. If GM's debt is wiped clean in 1 day, it might have an effect that Ford cannot compete with.

Your opinions in 3... 2... 1... :o

TylerH860 06-01-2009 12:43 AM

Tomorrow is going to be a very interesting news day. I'm just curious which of the 6 dealers within a 30 mile radius of my medium sized town of only half a million people or so in the area are going to close.

Larry Delor 06-01-2009 12:48 AM

Dog and Pony show.

MTI 06-01-2009 01:37 AM

. . . and Chrysler may be coming out of bankruptcy faster than most thought.

AdvisorGuy 06-01-2009 03:26 AM

Put this in a Chrysler dealership and I'll walk it's showroom for the first time since 1986....
http://www.autoblog.com/2008/02/27/160hp-fiat-500-abarth-ss-to-follow-in-november/

jplinville 06-01-2009 06:45 AM

Since the we are going to own 70% or so of GM, does this mean that I can get a decent discount?

GM will still be the name...it will just stand for Government Motors now.

KarTek 06-01-2009 10:03 AM

Wonder how my fat lot of JCI stock is going to be effected... Higher-ups have said that they have prepared the company for any eventuality but I don't see that message having much effect on the stock buying public...

jplinville 06-01-2009 10:13 AM

With the push for electric vehicles, I feel JCI stocks will still be a safe bet, they just may take a little time to get there


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