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post #1 of 6 Old 12-22-2008, 11:20 AM Thread Starter
 
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Analyst: Game over for GM stockholders

The game is over for holders of General Motors Corp.'s existing stocks and bonds, Credit Suisse auto analyst Chris Ceraso wrote in a note to investors today.

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post #2 of 6 Old 12-22-2008, 09:55 PM
 
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I almost invested in GM betting that they would rebound. Glad I decided not to.
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post #3 of 6 Old 12-22-2008, 09:59 PM
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Originally Posted by car guy View Post
I almost invested in GM betting that they would rebound. Glad I decided not to.
I did and I already sold for a profit...that article looks like a "worst case scenario"...I see it as a buying opportunity, just gotta wait until things are looking brighter...u gotta believe.

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post #4 of 6 Old 12-23-2008, 06:16 AM
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I did and I already sold for a profit...that article looks like a "worst case scenario"...I see it as a buying opportunity, just gotta wait until things are looking brighter...u gotta believe.
If I wasn't such a lazy bastard I would have done the same thing as you..then would be able to put twice the downpayment down on the G5.



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post #5 of 6 Old 12-23-2008, 11:32 AM
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I just sold for an 11% loss. I'm pretty sure GM will survive, but I think the Common stock holders and employee's are gonna get hosed.

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post #6 of 6 Old 12-23-2008, 11:37 AM
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I may as well hold on to mine, I'm at about a 85% loss right now.
(I picked a bad time to buy it LOL)

But yeah, this article is hogwash. Extreme pessimism.

It'll rebound, but it will take time.

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