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Old 03-06-2009, 01:55 PM   #1
diddiyo


 
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Unhappy $1.27 Per Share: The General Motors Of 1933

oh hai!

http://jalopnik.com/5165566/127-per-...motors-of-1933

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GM stock dropped 25% today, hitting $1.27 per share during intra-day trading. It's a level not seen since April, 1933.
it's sad.
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Old 03-06-2009, 02:09 PM   #2
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well if we wanna get technical back in 1933 $1.27 was worth A LOT more than what its worth today...............
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Old 03-06-2009, 02:52 PM   #3
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Originally Posted by hardestgainer View Post
well if we wanna get technical back in 1933 $1.27 was worth A LOT more than what its worth today...............
Yeah, and they didn't have Camaro back then (not sure how this fits in to arguement but its true!) so I'd say that fact negates the change in value of the dollar due to inflation .
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Old 03-06-2009, 03:52 PM   #4
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I'll tell you what. If you beleived that GM was going to rebound and that the Gov. would see to it then it would be a hell of a time to buy a bunch of it right now.

I've got 10,000.00 in the bank for a rainy day fund. I won't do it but I'll keep an eye out I promise you that.
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Old 03-06-2009, 04:05 PM   #5
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I'll tell you what. If you beleived that GM was going to rebound and that the Gov. would see to it then it would be a hell of a time to buy a bunch of it right now.
i remember people on here buying at $6 because they thought it would be a great time to buy :/
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Old 03-06-2009, 05:26 PM   #6
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I'm not buying GM but I've been buying the hell out of some other stocks.
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Old 03-06-2009, 07:29 PM   #7
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Pretty risk at this point. If they do end up declaring Chapter 11 your stocks are worthless.
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Old 03-06-2009, 07:32 PM   #8
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Its a sad day when fords stock is more than GMs

Last edited by Rob490; 03-14-2009 at 10:01 PM.
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