“Don’t think I got “owned”. The shares I bought were part of a fund, the S&P 500 to be exact. GM and 499 other companies make up the fund which is a very good buy right now. I felt good on the GM news and bought a few extra shares beyond my normal DCA allotment. Nice thing about funds in general, and the S&P 500 in this case is that GM could go Chapter 7 straight liquid, and it wouldn’t rock the fund. ”

Guess there is just no winning against you, eh? You did get owned! Shares were part of a fund? Please. That is so weaksauce. TOTALLY not what you said. It was either a lie of misrepresentation then, or your lying now. I’ll quote it for you, just incase anyone is still lurking down here.

#19 Grizzly: “There is something to be said for digging in with a superior business model. I just bought some GM stock, and I assure you even for the modest cost I don’t expect to lose!”

I gave you a friendly warning to be cautious in #22, then you came back at me in:

#24 Grizzly: “You too should be sure before you post. That is making sure that I’m not just as full of the same hot air that proliferates itself on this site… I think you know what I mean! That said I’m a step ahead of you, as always! I DO appreciate your concern but I must say that for the LT GM AT IT’S CURRENT price isn’t a bad gamble. Especially when you understand the business model.”

Sometimes it’s better to just ‘man up’ and own a mistake, then try to backpeddle like this. Or just say nothing at all.

“Guess you probably shouldn’t buy on the news before looking into it. Could have waited a day and not lost the money and got in 10% cheaper (if you really, really had to)

Normally I don’t respond when somebody gets owned, but the “That said I’m a step ahead of you, as always!” quote today, coupled with the “Statik, your wrong as usual” yesturday, was uncalled for…and just not true.”

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Don’t think I got “owned”. The shares I bought were part of a fund, the S&P 500 to be exact. GM and 499 other companies make up the fund which is a very good buy right now. I felt good on the GM news and bought a few extra shares beyond my normal DCA allotment. Nice thing about funds in general, and the S&P 500 in this case is that GM could go Chapter 7 straight liquid, and it wouldn’t rock the fund.

BTW Statik, I’ve never implied that YOU’RE always wrong.

http://www.wnem.com/automotive/16768626/detail.html

Engineer Gets 110 MPG Out Of ’87 Mustang
Ohio Man Competing For $10M Prize

POSTED: 10:21 am EDT July 2, 2008
UPDATED: 11:07 am EDT July 2, 2008
Doug Pelmear said he isn’t toying with the engine of 1987 Ford Mustang for the money.

The engineer’s tinkering, however, could earn him $10 million and save him plenty more in gas money.

Pelmear, who lives in Napoleon, Ohio, has tweaked his Mustang to get 110 mpg, making the engine nearly five times as efficient as a traditional gas engine, he told the Toledo Blade newspaper.

“We redesigned a lot of different things on the [engine] block,” Pelmear told the paper. “It’s still a rod-and-piston engine; it just has a lot more electronics on it.”

Traditional gas engines operate at 8 to 10 percent, efficiency, while the engine on the Mustang, he said, is at 38 percent efficiency.

He said he could greatly increase even that number if his car used traditional gasoline instead of a mix of gas and 85 percent ethanol.

Pelmear entered his car to win the the $10 million Progressive Automotive X Prize: a race to find an affordable, marketable automobile that gets at least 100 miles per gallon.

“I’m an optimist, and I think people need to know there is hope out there,” Pelmear told the Toledo Blade. “That’s why I decided to enter the X Prize race. I could have sold this [technology] off, but then people might not have seen it.

Pelmear told television station WNWO that the car hasn’t traded power for miles per gallon. Pelmear said the car has 400 horsepower, goes well over 100 mph and can go from zero to 60 mph in three seconds.

“This will bring back the automotive industry when they can sell trucks and SUVs and the models that are almost dead at this time,” he told WNWO.

We all deal with it in out own way I suppose. To each his own.

I’m not going to change, but feel free to counter balance my reality checks with positive thinking if you like. I doubt I could change your outlook anymore than you can change mine.

Cheers.

In regards to constant negativity, I’m re-posting a thought that probably few people read since I put it on a “stale” thread:
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I remember once reading a comment regarding negativity in the media on the state of the economy and all, and it went something like “Pessimism and self-loathing will inflict far more damage to a society than bombs ever could.” This negativity makes people get all apathetic about where Canadian/American society is going, and makes them lose the drive to be competitive in the world marketplace.
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