I hope this is NOT true!! - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

diddiyo · 05-11-2009, 09:06 PM

in regards to GM stock:

Quote:

One important distinction between GM stock and casino gambling is at a casino, if the player loses, the dealer still wins. Nobody wins with GM stock.

(source: jalopnik.com)

diddiyo · 05-12-2009, 09:36 AM

well, wel, well, what do we have here?

Execs including Bob Lutz, Troy Clarke dump GM stock

Hylton · 05-12-2009, 09:42 AM

Quote:

Originally Posted by DGthe3

It'll be close, but I don't think they'll have all of them done simply because of the dealers that took more pre-orders than their allocation. Besides, the deadline isn't July ... its June. They have 3 weeks and I'm pretty sure that its impossible for them to get all the pre-orders done in that time.

I have always been saying July 1st but after yesterdays news, your June 1st is probably more realistic. GM senior executives sold all their shares last Friday.....

Pushing_Tin · 05-12-2009, 03:19 PM

With the amount of debt that GM has right now, and the upcoming massive dillution of commom stock GM is worth ZERO. Sure there could be a few spikes on news, but the end result will be the same, your shares will be worth nothing after bankruptcy.

2010SSRSM6 · 05-12-2009, 05:58 PM

Quote:

Originally Posted by FenwickHockey65

Chapter 11 is not as bad as everyone makes it out to be...Chrysler is going to be freaking amazing in a few years as long as they get their act together...

It's happened before. It'll happen again.

Now might be a good time to buy GM stock...

I'm buying late June. Let the bottom fall out from the announcment then jump on it.

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05-12-2009, 09:36 AM	#16
diddiyo Drives: . Join Date: Jun 2008 Location: . Posts: 3,048	well, wel, well, what do we have here? Execs including Bob Lutz, Troy Clarke dump GM stock

05-12-2009, 03:19 PM	#18
Pushing_Tin Drives: 2007 Honda Accord V6 Coupe Join Date: Oct 2008 Location: Eugene, Oregon Posts: 92	With the amount of debt that GM has right now, and the upcoming massive dillution of commom stock GM is worth ZERO. Sure there could be a few spikes on news, but the end result will be the same, your shares will be worth nothing after bankruptcy.