Here we go! Ford opens 24% lower, GM 36%
RB TexLa
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Fri Dec-12-08 09:31 AM
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Here we go! Ford opens 24% lower, GM 36% |
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Break out the Maalox and Vodka.
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LostinVA
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Fri Dec-12-08 09:32 AM
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1. Breaking News about TARP money will probably drive them back up |
RB TexLa
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Fri Dec-12-08 09:34 AM
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2. 8:37 Central, losses cut in half, everyone's betting on bush to come through. |
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Edited on Fri Dec-12-08 09:37 AM by RGBolen
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Subdivisions
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Fri Dec-12-08 09:34 AM
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3. The TARP funds have not been given yet. The WH announcement |
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may be nothing more than an attempt by the Plunge Protection Team to keep the dire predictions of a crash today from coming to pass.
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Warpy
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Fri Dec-12-08 09:43 AM
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4. The Ford opening is just plain nuts |
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and shows most investors are idiots.
Ford has said their bottom line and cash reserves are healthy enough that they don't need a bailout, that their overseas division plus their truck division are enough to keep them together.
I might have to go shopping later today if it falls and stays down.
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RB TexLa
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Fri Dec-12-08 09:46 AM
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5. Suppliers go down it hurts them. I've gone shopping with them already |
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they are only down about 7% now.
If Bush comes through, there is going to be very nice money made on both GM and Ford. Both short term and long term.
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Warpy
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Fri Dec-12-08 09:49 AM
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6. Ford is the one I own already |
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and I'm expecting it to be the phoenix that arises from the ashes of the latest GOP depression.
You're right, of course, but Ford is the more likely of the two to be a money maker long term, IMO.
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RB TexLa
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Fri Dec-12-08 09:59 AM
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7. We have the same opinion and same position. |
ipfilter
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Fri Dec-12-08 10:07 AM
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8. I've been selling covered calls on my F position |
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Edited on Fri Dec-12-08 10:07 AM by nocaster
on up days. It's been like free money so far. I plan on holding F for the long haul so I don't mind writing calls against it. I've even sold Jan 09 LEAPS that aren't likely to expire in the money.
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