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Actually - hyper-inflation would not help the Government because it would bring the economy to a HALT!
People will not be able or willing to buy in a hyperinflation environment.
Which will cause more businesses to go under.
Since you are interested:
The Exchange Offer:
We are offering 225 shares of GM common stock for each $1,000 principal amount of GM notes that you own and to pay you in cash for all accrued but unpaid interest on your GM notes to the settlement date of the exchange offers.
We believe there are advantages to restructuring GM out of court through the exchange offers.
It continues on - and sounds very promising - it is a book - about 200 pages - LOL - so I can't give you all the info - but it looks good to me!
It would relieve GM of all the debts - and put common shareholders in a much stronger position.
Bankruptcy may not be necessary - if the majority agree to the terms - if they don't agree and allow GM to go bankrupt - they could lose everything! - it even states that in bold print!
I disagree with FLO resuming this summer - I wish - but I doubt it.
The banks are afraid to lend - they are more concerned with raising the money to pay the Government back. They don't like the restrictions!
I received a book from Ameritrade - I hold GPM - which is the prefered shares of GM.
They are asking me to convert to common shares - but they are telling me that the common is worth $4.44 - so I looked at the price and thought - hmmmmmmmmmmm - it has to be worth a buck!
Its a lotto - but GM currently has a market cap of 700 million dollars - which is a JOKE!
Need more ETF's
Company Target Mult Short Long
ProShares Nasdaq 100 2X QID QLD
ProShares Dow 30 2X DXD DDM
ProShares S&P 500 2X SDS SSO
ProShares S&P MidCap 400 2X MZZ MVV
ProShares S&P SmallCap 600 2X SDD SAA
ProShares Russell 2000 2X TWM UWM
Rydex S&P 500 2X RSW RSU
Rydex S&P MidCap 400 2X RMS RMM
Rydex Russell 2000 2X RRZ RRY
Direxion Russell 2000 3X TZA TNA
Direxion Russell 1000 3X BGZ BGU
ProShares Russell 1000 Value 2X SJF UVG
ProShares Russell 1000 Growth 2X SFK UKF
ProShares Russell MidCap Value 2X SJL UVU
ProShares Russell MidCap Growth 2X SDK UKW
ProShares Russell 2000 Value 2X SJH UVT
ProShares Russell 2000 Growth 2X SKK UKK
ProShares Dow Basic Materials 2X SMN UYM
ProShares Dow Consumer Goods 2X SZK UGE
ProShares Dow Consumer Services 2X SCC UCC
ProShares Dow Financials 2X SKF UYG
ProShares Dow Health Care 2X RXD RXL
ProShares Dow Industrials 2X SIJ UXI
ProShares Dow Oil & Gas 2X DUG DIG
ProShares Dow Real Estate 2X SRS URE
ProShares Dow Semiconductors 2X SSG USD
ProShares Dow Technology 2X REW ROM
ProShares Dow Telecommunications 2X TLL LTL
ProShares Dow Utilities 2X SDP UPW
Direxion Russell 1000 Financials 3X FAZ FAS
Direxion Russell 1000 Energy 3X ERY ERX
Direxion Russell 1000 Technology 3X TYP TYH
Rydex Select Sector Energy 2X REC REA
Rydex Select Sector Financial 2X RFN RFL
Rydex Select Sector Health Care 2X RHO RHM
Rydex Select Sector Technology 2X RTW RTG
ProShares DJ-AIG Commodity 2X CMD UCD
ProShares DJ-AIG Crude Oil 2X SCO UCO
ProShares Gold Bullion vs USD 2X GLL UGL
ProShares Silver Bullion vs USD 2X ZSL AGQ
PowerShares DB Base Metals 2X BOM BDD
PowerShares DB Crude Oil 2X DTO DXO
PowerShares DB Liquid Commodity 2X DEE DYY
PowerShares DB Gold 2X DZZ DGP
PowerShares DB Agriculture 2X AGA DAG
ProShares MSCI EAFE 2X EFU
ProShares MSCI Emerging Markets 2X EEV
ProShares MSCI Japan 2X EWV
ProShares FTSE/Xinhua China 25 2X FXP
Direxion Developed Markets 3X DPK DZK
Direxion Emerging Markets 3X EDZ EDC
ProShares Lehman 7-10 Year Treasury 2X PST
ProShares Lehman 20+ Year Treasury 2X TBT
ProShares Yen vs USD 2X YCS YCL
ProShares Euro vs USD 2X EUO ULE
PowerShares Euro vs USD 2X DRR URR
The banks failing will equal Nationalized Banking - which means the banks are still open - but the Government will be in control - at which point I would suggest selling FAZ and buying GOLD - actual gold - not the ETF.
When your done smoking that thing I passed ya - read this! Its quite lengthy - but worth the read
http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf
Bid support at $1.00 was unbelievable!
Watch LEVEL 2 for GM tomorrow - if you see it go down - watch the support at $1.00 - I originally had a buy order in at .90 - until I saw the support at a dollar - I had to laugh and just buy!
Then it ran to $1.35 while I was sitting and watching - held off selling for a 30% gainer - in a matter of hours.
What I am smoking - I will pass you - in a hope that it calms you down my friend.
Realize this - the banks are being bailed out - not with free money - but with HIGH INTEREST loans! - Those loans will either be paid back - or the Government will have ownership.
The loan rates they are paying - are much higher then the lending rates of the loans they are giving. - The banks will be upside down in no time - part of the Nationalization process!
2.9 trillion dollars - are currently on credit cards. The debts are owed to the banks. The debts are going bad - not at an alarming rate - YET!
I am bearish on all the banks - If all the banks fail - it is absolutely possible that FAZ will see $30.00!
Mark this post - after you take that hit.
I know - LOAD UP BIG TIME - sell half at $2.00 and then ride the rest for free for 20 years -
Look at the chart - $20.00 looks easy in the next leg of the bear market! $30.00 isn't that far off!
I could of made an easy 30% just today - and decided to hold. I have a 10 year plan on these shares - as people are crying - I am going to accumulate.
At least we get news everyday - LOL!
Hey - its a lotto with America's Largest Auto Maker!
DXD
Double Short the Dow ETF
Check out ADX - the trend is strong - and the +directional indicator is crossing the -negative Directional indicator - bad sign for the DOW!
DOG - easy symbol to remember!
SDS - double short the S&P
SH - Short the S&P 500
New Favorite - ETF - Shorts DOW
sure did!
We are now going back into bear mode - so we should be able to just play shorts for a while.
I am just saying this - the craziest people in the world bought Harley and Chrysler - when they bought - every person in the world thought they were idiots - they even questioned themselves.
I have met many people that held for years and are happy they did.
GM may be our opportunity.
I understand the risk - but the 100:1 R/S is a threat - and they are doing it for a reason.
Have you ever heard the stories of the people who became very wealthy buying Chrysler in the 70's and holding - or the people that bought Harley Davidson in the 80's and held.
Most are now millionaires - this may be that type of opportunity. I doubt that it will ever go under - it just needs MASSIVE reorganization.
Today the Union agreed to take away benefits for prescriptions and dental - for the retired.
People will start making concessions instead of allowing GM to go under.
YEP - I sold today - but I made a mistake - even though I profited - I will buy back in the morning for a higher price and hold long-term!
You won't be able to do wrong - had an elderly customer this evening that spent a couple of hours explaining to me that the United States is bankrupt - he made alot of sense.
I miss that - had a chance when pcx was $3.00 - should of held it - sold for $4.00
Hey - I bought GM this morning at $1.00
Thinking of accumulating - I got the GM reorganiztion book - very interesting.
The preferreds are being converted to commons - in a deal that says the commons are worth $4.45 per share.
Going to hold that one for awhile.
I See this going to $30.00 - pretty fast.
The banks are borrowing tarp money - at a rate of 9% - they are lending money at much lower rates - the foreclosure problem isn't over - they have just paused the foreclosures while they try to eat through the inventory that they already have.
Chase, Bank of America and Citi - are the 3 largest credit card companies - current credit card debt - 2.95 trillion!
Job losses continue - even though the spin is - its a lagging indicator and we are losing less jobs than before - still going down though!
HOLD FAZ - wish I wouldn't of sold mine today at $5.95
Tomorrow - bottoms Up Watch List
As an owner of GPM - I received a book about GM restructuring that was sent to me from Ameritrade.
They are asking preferred noteholders to exchange - for every $1,000 of principal amount (cost of GPM) - you will receive 225 shares of common stock.
This puts the common stock at $4.44 per share - upon reading this - I loaded up today at $1.04
Board is updated - LOTS of bottoms to watch!
PS - never sell FAZ at these levels....
Look at DOW chart - you will see why - we have some supports at 7906 - then 7800 - but I believe we will still test 6,000 before its all said and done.
Good Luck with your investment
Tough one to crack - the company must have 30 billion shares to sell - that's all I can figure out.
If we have another billion shares traded tomorrow - and no uptick - something is wrong - LOL
FRGY tightening up!
I hear ya~!
Glad your still working!
I have mine for sell at $5.89 - we will see if it gets there today or not.
I have no idea - other then the volume was incredible!!!
The loss of bid scared me out for awhile.
I am with ya - once I figured out what was actually going on - I got out at .0001 - NBVG and SNRS are the same - as far as Ron Touchard goes.
MGLG ?
FRGY Chart!