|
variation30 -> RE: got $2.95? Want $5.50? (11/11/2008 11:16:26 PM)
|
ignore ford and chevy, gm is the one that I think will, at the very least, double it's value with the quick rally it's going to get. gm was at 6 a few weeks ago, 12 a few months ago, and is 3 now. the other two have had shitty prices for a while now.
and there will be a bailout, the government isn't going to sit around and let these companies fail as there'd be a lot of angry unions. and seeing as how these unions have given obama quite a bit of money, it is politically untenable for the democratic party to not bail them out. unions are to the democratic party what the pro-lifers are to the conservatives. you can't give them the finger and expect to get re-elected. there've even been talks between bush and obama now about proceeding with aide to american auto-workers so long as democrats stop holding back a free trade deal with columbia (leaked by one of obama's new aides). the point being, this may be happening before obama is in office.
look at aig (a very weak stock). even they had a nice rally in september for five days (though between the fifth and seventh day it plummeted back to where it began). gm will do the same, just put up a stop loss...
look up the chrysler bailout in 79 if you want to get an idea of what I'm thinking will happen.
and don't be confused, this ain't no longterm investment because american cars suck and american unions are horrid (compare gm to toyota - who do not have union workers). this is just a quick way to make money at the government's expense. I, for one, am going to enjoy this taking care of a month's worth of rent.
|
|
|
|
