GM had to fudge the numbers last time

[NATHAN LLOYD]

GM is pathetic trying to get a sympathetic vote of confidence. It keeps laying off workers and closing plants to save themselves from bankruptcy. LMAO. It will still be laying off people and closing plants next year to save themselves from bankruptcy at the rate they're losing market share to their foreign competitors. This turn-around story is complete BS!

I saw them bragging about a muscle car Cadi. that get like 14 MPG in town. They need to just give up if this is the best that they can do.

http://money.cnn.com/2006/06/02/Autos/carreviews/cadillac_sts-v/index.htm?source=yahoo_quote

[bahroor]

nathan, do you still have that Corvette?

[Hanger]

LOL, I think its funny they are trying so hard.

Don't get me wrong I feel bad for all the employees getting laid off because GM can't come up with a business plan.

With that said, earnings season coming up, I can almost see GM around 20-22.

How about all the retirees with GM stock, that are convinced it will go back up, sad.

[NATHAN LLOYD]

I feel safe shorting GM when it goes up. I wouldn't feel safe buying it though. LOL.

When is the first hurricane going to throw a wrench in this weak rally?

[Hanger]

Shareholder voting (http://msnbc.msn.com/id/13117987/)

Next week is important for GM for a few reasons, read the article above. If the shareholders actually vote to split the chairman and CEO into 2 separate positions, or to require majority vote, I see that as a total vote of no confidence for GMs execs, and think we could see a selloff next week, by alot of shareholders present at the meeting Tuesday.

Or of course, it could lead to a rally as change usually does. And the rest of the market could buy up all shares being dumped by nonsupportive shareholders anymore, and this thing could fly.

Definately an interesting week ahead for GM.

[NATHAN LLOYD]

If it rally's, I'm going to laugh at the ignorance of the market.

[clavocat]

If it rally's, I'm going to laugh at the ignorance of the market.


your the biggest bear of this forum lol, hey w.e works, im gonna start shorting soon, once i get some more cash in scottrade.

[NATHAN LLOYD]

I went from 2270 to 3240 in 5 weeks. Can you blame me for being a bear?

I shorted 500 shares of NXG at 3.79 and closed the next morning at 3.60.

I shorted 200 shares of GM at 26.76 and closed the next morning at 26.16.

You can pick stocks long or short. It's still all just a gamble. You just have to pick the right ones at the right time. You also have to close your position at the right time. It's not easy at all, but I enjoy gambling when I'm winning...LOL. I was about to throw a chair at the wall earlier this week. I live my trades and go on an emotional roller coaster with them. You're not suppose to get emotional, but I really go crazy.

[bahroor]

GM will rally to $28 next week.

No one shorted Ford all this time?
It was a sure winner, might be too late now.

[Hanger]

GM will rally to $28 next week.

No one shorted Ford all this time?
It was a sure winner, might be too late now.

Ok, if this is sarcasm I missed it, how do you figure $28.

[NATHAN LLOYD]

They've got a lot to expect on earnings right? LOL They had to fudge the numbers last time to get any earnings at all. Go ahead and gamble on the GM rally. Ford is better positioned than GM. GM is like 1000 times overvalued.

[wallnut]

I totally agree about overvalued!! It is very hard to say, but IMO American car company's have seen there day!! gas guzzlers and road hogs are out the window!! Yep, they make a sweet muscle car or a great boat/trailer hauler but there are so many company's in chap. 11 that the truck market has been flooded with used vehicles!! As a business owner I would not buy a new truck @ 42,000 when I can buy a used one @ 20!!!! it is like the airline industry, it needs restructure!! If the market wants Bio or Batt. cars then there are several import company's that can provide that. And if that is where the American people want to go, the American car makers have to provide for that!!
I for one do not want to buy an import no matter what the market tells me, but if gas prices keep going where they they are then you can see me in line next to my or your neighbor!!
That brings us all back to government reconstruction. Not bashing Dub or any other political leader, but there has to be changes!! We dominate the transportation world! And to see our major commercial airliners in a struggle due to gas prices and our car manufactures in a struggle for the same reasons, there has to be changes!! And I think we see that in Ethanol and Bio-flues!! Anythang that will rebuild our major exports!!
It is an insult to any American that has to live with higher prices due to gas, not gold or copper, gas...........Friggen oil!!!! Do we really have to import it?? The route to all the problems in the US right now is the price of gas....Take a close look.............................
Now I know the airliners are hurting for many other reasons and our car manufacturing industry can easily adjust but, WTF?? Should we really have to,,,,,,,,,,,,,,,,,,,,,right NOW?????????????????????
Bla,bla,bla,,,There I go AGAIN!!!!

[NATHAN LLOYD]

You'll get me started too! Domestic cars are not only bad on gas (which they are getting better at; i.e., Cobalt) they're also bad on value and durability. Compare this Cobalt to the Civic. The gas mileage is fine, but the value of the Cobalt will decrease twice as fast as the Civic. The Cobalt has a 36 K warranty, and the Civic has 100 K warranty and 100 K before the first scheduled tune up.

My step dad has my old 89 Honda Prelude with over 200 K miles on it. It still gets great gas mileage, has great handling, and doesn't burn oil. The only thing wrong with it is the A/C. GM just doesn't have great stories like this. Compare the resell value on a 5 year old Civic to a 5 yr old Cavalier. This is a bigger problem than their gas problem. If it was just a gas problem, people would just go to their smaller cars. They're just not as durable.

I wouldn't let my fiancee buy a domestic car. She had to beg for a dealership to take her '98 Chevy Metro. It had a blue book value of 0, and she still owed money on it. Talk about a bad deal. The dealership had to add value to the price of the new 2004 Carolla to take her bad debt away. She is very happy with it,and it will still have value when she gets done paying for it.

I had some friends in dental school, and one of them had a Chevy that she kept having problems with. All three of us said at the same time. "That's what you get for going domestic." They're trying to blame it on gas prices, but I just think they just have a really bad name for quality.