Like rats on a sinking ship

[GT400SC]

When the GM executives sell off THEIR stock, what happens?

Yup, the stock value drops to a level not seen since 1933.

Yeah, rats on a sinking ship.

http://www.latimes.com/business/la-fi-gm-stock13-2009may13,0,6139622.story

 

[Gibs]

well when I buy a SUV from them for almost 10K under what the dealer paid for it.......there are issues.

I hope my warranty will still be good...... If not then it will be time to mod it....LOL

should buy about $100.00 worth of the stock......after they declare bankruptcy and renegotiate the unions and stuff, the stock will go back up and I can retire....YEAH....

 

[Gibs]

Wait the stock goes away during the bankruptcy huh?

 

[ears]

you forget though,,, your buyin gm stock,,, so either way its a bad move!!!

 

[Gibs]

but if it does g back up.......... Ford renegotiated and theirs went up from 1.90 a share to over 5.25 in about a month and a half...../

Bankruptcy would eleviate them of alot of issues then able them to balance the books and such.


Gib

 

[ears]

f gm!!!! and their rats!!!

 

[Danger731]

I was wondering the same thing, get 200 bux worth in a year or 2 it may be enough for some decent mods. The V8 camaro is already recalled for starter issues. I got my 2500HD for pennies and my C5 was pretty cheap as well. I apid for an extended warantee as well, I hope it gets honored. GM is an embarasment, watchin the financial news last night they were putting the blame on the big G for not retooling thier plants to make more green cars.