Quote:
Originally Posted by z06invb
Well the stock is down to 1.15 a share today. Executives are bailing out. I am holding on to my shares left now. Might as well ride it on down and take the cap loss on it. I had money in Chrysler bonds and believe me since I cant get political here lets just say I will never again invest in any US car company. We were painted as speculators and in reality many were just plain old folks investing in their 401k's not the demons we were made out to be. Even if GM avoids bankruptcy they plan a 100 to 1 reverse split on stocks. Basically making our shares all but worthless. The UAW will have to convert its shares into cash and that stock is going to fall like a rock. There is zero investor confidence in the industry.
I wish people here are correct and Oshawa stays open but I cant see it happening short term. Long term who knows? None of this is good.
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you didnt have money in ford did you? because ford is doing VERY well (except today when they released 300 million shares). it was up well over triple its amount from march. now its only 2.5x what it was in march.