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Automotive News & Views Are car stocks driving you out of the market?
28 messages, Last post on Oct 17, 2008 at 4:12 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Do you own auto stocks or do you think the current slide makes a good buying opportunity? If you want to play the market without risking your money, check out the Car Stock Exchange. |
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Replying to: steve_ (Sep 18, 2008 8:06 am)
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Replying to: andre1969 (Sep 18, 2008 8:54 am)
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Replying to: steve_ (Sep 18, 2008 1:36 pm) |
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Replying to: steve_ (Sep 18, 2008 1:36 pm) A bunch of politicians must have owned stock in Lehman, and I'm pretty sure they own more stock in GM. If $50 billion won't help the share prices, they'll just flat out manipulate an entire sector of the stock market. Congress will ignore taxpayer complaints long enough to dump their shares. Then they'll magically become free market advocates again, and let the stocks crash. What's happening right now in the stock market is blatant fraud. Our federal gov't is conspiring with Wall Street to loot the U.S. treasury. It should trigger the biggest RICO prosecution in history. But don't hold your breath. |
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Or so the theory goes. When Will The Auto Buyer Start Buying? (CNBC) |
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Replying to: steve_ (Sep 18, 2008 8:06 am)  Today, the auto stocks rose, if you call a penny on Ford in a 368 + strong market rising. GM had a decent day though. It will be a struggle for the big 3 and I foresee Chrysler selling out to someone. The hedge fund Cerebus made a mistake, they know it as does every one else. When they can they will cut & run. It's a difficult buy, but GM was on sale at $10. Part of the Dow for the nom, they have to be bought by funds tracking the average. If I see a bargain in an auto stock imo it would probably be Tata Motors, TTM. They will resolve their factory land dispute and sell alot of cheap cars in cheap countries. Though their name is pronounced tat-ah what red blooded American can resist calling them tah-tahs ? |
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Congress has passed the $25 billion loan guarantee to automakers and Bush says he'll sign it. The haggling over the huge financial bailout plan is winding down and swift passage next week is promised. Stocks will surely soar tomorrow morning. Or maybe not, lol. |
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Stocks took a dive as well they should. After too many months hovering above real values, the market is finally getting real. Educated and experienced players are starting to prepare for some "buys", but they are not ready to take advantage until the market falls more. Those financially sound companies will be rewarded with additional investment income, but sadly, most of those companies are overseas. Look beyond your nose for some really good buys after the election of McCain.
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Replying to: euphonium (Sep 29, 2008 1:26 pm) My day trader friend said last week that the DOW would fall 2500 to 3,000 points. He's about 1/3rd of the way there. Lots of good buying ops, Maybe I'll load up on my margin. Congress will surely bail me out if it doesn't work out. 
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Automotive News & Views Are car stocks driving you out of the market?
