3000gt's/Stealth very own off topic thread: Part Quatre

[AutostradaVR4]

IGO! Nice to hear from you man! Sounds like you've had your hands full.

I though you could only have 3 dogs legally?

[CL8]

Originally Posted by AutostradaVR4

I'm not looking to get into trading or anything, just buy stock on one company. Buying stock in something that's doing well seems kinda pointless to me. The thing is, the auto industry is in the shitter right now, but it IS undoubtedly going to come back. Now is not the right time to buy because thats what the numbers say. It's been on a downward spiral for XX months. But, It doesn't have much further down to go. GM could go bankrupt...in which case i lose my couple hundred bucks...but i dont think that very likely. I plan to hold onto it for a while. Even if it takes 10 years, if it gets back up to where it was, i'll be in good shape.
I have been keeping track of the company somewhat...gov't loans, new vehicles,, parterships, etc. I huge company like GM has a lot of baggage it can lose to keep afloat through rough times. They are selling the Saab and Hummer brands, and getting rid of Saturn and possibly Pontiac. They have the Volt (Ampera in europe) set to come out, as well as a few small and city cars. They also have the new Camaro, which had orders piling up, and the CTS, not to mention the Vette(s).
The Volt i think will be their real turnaround car though. The market is hungry for a real, no quirks electric car thats practical and works, and is not priced out of reach.

Buying stock in something that's doing well seems kinda pointless to me.

Do you WANT to lose your money?
Thats not how Warren Buffet got rich.

But you are right, when and IF GM turns around, if you buy stock now, you would be doing great.
However, I wouldn't count on the Volt since the Asian market is years ahead of us in fuel cell technology.

[VR43000GT]

Originally Posted by CL8

Do you WANT to lose your money?
Thats not how Warren Buffet got rich.

But you are right, when and IF GM turns around, if you buy stock now, you would be doing great.
However, I wouldn't count on the Volt since the Asian market is years ahead of us in fuel cell technology.

I see your point but buying this low may not be a bad idea. Honestly, as stupid as they have been, I see GM pulling through this. If that is the case their stock will raise significantly if you let it fester in the market long enough. You want me to ask Warren Buffet what he thinks? He lives about 2.5 miles from me. SRSLY Berkshire Hathaway shareholders' meeting in Omaha FTMFW! Free drinks!

[Acebankai]

ive seen both 3000gt's and stealths on the road and it just dawned on me that they are the same exact car. But i like the 3000gt better. And i found out you can take the VR4 out of them and put them in galants

[vectorspecialist]

what's up guys?

[Acebankai]

what the H3!! are those stars for near my username?

[Stealthee]

The stars start to "light up" as you use the board more.

[CL8]

Originally Posted by SL3000gt

I see your point but buying this low may not be a bad idea. Honestly, as stupid as they have been, I see GM pulling through this. If that is the case their stock will raise significantly if you let it fester in the market long enough. You want me to ask Warren Buffet what he thinks? He lives about 2.5 miles from me. SRSLY Berkshire Hathaway shareholders' meeting in Omaha FTMFW! Free drinks!

I'm curious what tells you they will pull through this.

If I would consider buying GM at the price it is, once it started going up much past $15.00 a share, I would probably pull out and take my profits,
the way the Left is hammering the auto industry it would probably go back down again soon.

[AutostradaVR4]

Originally Posted by CL8

I'm curious what tells you they will pull through this.

they said they aren't going to need the $2B March bailout check...that's gotta be a good sign.

[Igovert500]

Originally Posted by AutostradaVR4

IGO! Nice to hear from you man! Sounds like you've had your hands full.

I though you could only have 3 dogs legally?

Who knows? I've never been one to care too much about the laws until someone with a badge is informing me how many I have just broken.

[vectorspecialist]

Originally Posted by AutostradaVR4

they said they aren't going to need the $2B March bailout check...that's gotta be a good sign.

that or they're so screwed all the $2b is going to do is put off the inevitable

[CL8]

Originally Posted by AutostradaVR4

they said they aren't going to need the $2B March bailout check...that's gotta be a good sign.

And Obama said there would be no earmarks!

Just like with everyone, actions speak louder than words.
Look at what the company is doing, not what they are saying.

I actually called GMs corporate office and asked them to NOT take the stimulus money.
Maybe they are listening to me now.

[vectorspecialist]

gm itself is turning around, the cars have gotten much better over the past few years, and they do in fact have one of the best warranties in the buis with 5yr/100k, toyota only does 3yrs/36k. the biggest issue other than the unions is the fact the gm, ford, and Chrysler have lost the next generation of buyers to imports, who are then going to tell their kids that american auto's suck, so as the process goes along they have lost a big demographic.

[Acebankai]

Originally Posted by vectorspecialist

gm itself is turning around, the cars have gotten much better over the past few years, and they do in fact have one of the best warranties in the buis with 5yr/100k, toyota only does 3yrs/36k. the biggest issue other than the unions is the fact the gm, ford, and Chrysler have lost the next generation of buyers to imports, who are then going to tell their kids that american auto's suck, so as the process goes along they have lost a big demographic.

yeah the warranties are cool. Ford can't say anything cuz 65% of their parts are manufactured in Korea. Another group thats coming around is hyundai. i don't remember what the car they have out now but its hot and gets like 30mpg its got 303hp turbo stock. Thats pretty good for a company that started out with bullshi# for cars

[VR43000GT]

^^ Are you speaking of the Genesis/coupe? I like them.