Sterling
10-29-2008, 05:06 PM
My gamble is paying off so far. I bought GM on Monday and today my portfolio is approaching a $2,000 gain in that one stock already.
I still might lose my "Vegas vacation money" on this, but I'm just going to press on with my faith.
Sadly, it looks like the merger between GM and Chrysler will put another 25,000 people out of work... Add that to the 760,000 American's who have lost their jobs since January and this is bleak news.
My first GM product was a 1970 Camaro Z-28 my dad bought me for high-school graduation. I guess I was "branded" with GM at an early age. Yes, I have been VERY disappointed in GM products between the period of my "testosterone-days" and now that I'm an old man at 57... but I have to look forward and give GM one more shot.
I too have had some really BAD GM products in the late 70s, the 80s and our Chevy EuroSport Lumina (while fun as heck) started falling apart after 40,000 miles (shoot, you don't see an early 90s model Lumina on the road these days, but I still see people driving 30+ year old Toyotas! Yep, I for one would like to do some serious fanny kicking at GM, Ford and Chrysler if I could, and if I just bought 20,000 more shares of GM, I guess I could go to the stockholder meetings and give them a piece of my mind...
But all I can do is keep the faith and give GM one more chance and hope this Volt sends a "charge" up their britches, makes my stock go to $50 a share... But my real hope is GM and other American industries can turn around their old, stodgy management and union practices and get this company off their death bed and get the Volt on the road so I can drive one with a bumper sticker that reads, "OPEC Kiss my G-ASS CAP." (I am copyrighting that by the way effective 10-29-2008, and if you want to buy one of my bumper stickers, contact me here. I'll have them from my printer by the first of November... Honest! I'll probably make a video for YouTube and will sell them on Ebay...
Good luck friends, keep the faith and maybe we can turn this thing around.
I still might lose my "Vegas vacation money" on this, but I'm just going to press on with my faith.
Sadly, it looks like the merger between GM and Chrysler will put another 25,000 people out of work... Add that to the 760,000 American's who have lost their jobs since January and this is bleak news.
My first GM product was a 1970 Camaro Z-28 my dad bought me for high-school graduation. I guess I was "branded" with GM at an early age. Yes, I have been VERY disappointed in GM products between the period of my "testosterone-days" and now that I'm an old man at 57... but I have to look forward and give GM one more shot.
I too have had some really BAD GM products in the late 70s, the 80s and our Chevy EuroSport Lumina (while fun as heck) started falling apart after 40,000 miles (shoot, you don't see an early 90s model Lumina on the road these days, but I still see people driving 30+ year old Toyotas! Yep, I for one would like to do some serious fanny kicking at GM, Ford and Chrysler if I could, and if I just bought 20,000 more shares of GM, I guess I could go to the stockholder meetings and give them a piece of my mind...
But all I can do is keep the faith and give GM one more chance and hope this Volt sends a "charge" up their britches, makes my stock go to $50 a share... But my real hope is GM and other American industries can turn around their old, stodgy management and union practices and get this company off their death bed and get the Volt on the road so I can drive one with a bumper sticker that reads, "OPEC Kiss my G-ASS CAP." (I am copyrighting that by the way effective 10-29-2008, and if you want to buy one of my bumper stickers, contact me here. I'll have them from my printer by the first of November... Honest! I'll probably make a video for YouTube and will sell them on Ebay...
Good luck friends, keep the faith and maybe we can turn this thing around.