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Old 11-19-2008, 11:59 AM   #1
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Ford and GM stocks plummeting

Ford down .31 to 1.37 a share, GM down .51 to 2.58 a share.


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Old 11-19-2008, 12:02 PM   #2
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yea...and GM is closing a truck plant in Dayton Ohio...sucks.
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Old 11-19-2008, 03:05 PM   #3
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CNN reported last night that GM could be bankrupt by Christmas. Off all the big three, Ford is in the least amount of trouble.
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Old 11-19-2008, 03:37 PM   #4
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Originally Posted by witchcitySVT View Post
CNN reported last night that GM could be bankrupt by Christmas. Off all the big three, Ford is in the least amount of trouble.
Ford is the only one that is currently showcasing any new models at the auto shows as well.
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Old 11-19-2008, 03:43 PM   #5
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if you were ever going to buy stocks, now is the time

because you know they are going to pass the bill to give them money to stay afloat, and after they do that, their stocks will go back up
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Old 11-19-2008, 03:49 PM   #6
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if you were ever going to buy stocks, now is the time

because you know they are going to pass the bill to give them money to stay afloat, and after they do that, their stocks will go back up
Actually, It's not looking good for them: http://www.reuters.com/article/topNe...edName=topNews
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Old 11-20-2008, 11:18 AM   #7
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i think congress will enact the plan
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Old 11-20-2008, 11:51 AM   #8
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as much as i would like to see chrysler fail as a car manufacturer(i would be kind of sad to see GM or Ford go down), the bailout must pass. imagine the economic problems resulting from several million people suddenly losing their jobs.
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Old 11-20-2008, 12:01 PM   #9
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The price per share drop happened the day after the meeting on capitol hill when the CEO's from the big 3 met with a group of senators. Most of the senators seemed weary of the bailout plan, causing investors to sell. There are now talks that a bailout WILL be happening, and yes, now is the time to buy Ford. I wouldn't touch the other two. If you buy Ford today, it will be at least double in a year.
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Old 11-20-2008, 12:39 PM   #10
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Ive been hearing that they are not giving a bailout. On the news it looks as though congress is getting fed up helping these charity cases. Theres only so much money to go around. I think that some of these auto manufacturers should fail, specifically chrysler. It needs to happen in order to have more improvements in the future in order to compete with foreign auto makers.
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