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I'd be careful and sold my GE shares a day ago.
The downgrade is not good, and from technical standpoint, there is a
technical trade gap down at 7.45 to close/trade through in just the
last 5-10 day charts that will need to be filled, so I would not be
surprised when Geitner speaks today, this stock gets shorted way down
to that level...
Ford (moving higher and in post market) separated from GM and not symbiotic anymore, as GM will go bankrupt and I from personal experience twice, will not hold stocks regardless who they are if a bankruptcy is in play- shareholders always lose out.
If SEC would reinstate uptick rule ASAP and not wait until next month's meeting, it may bode well for overall markets and this stock actually be allowed to trade up to 10cents or more before someone tried to short it each penny change...
Bravo on after hours news article re: AT&T and CLNE...
Now if SEC would reinstate the uptick rule ASAP and not wait until next meeting, it may bode well positively for overall markets.
Ford finally separating intself from GM and no longer moving in symbiotic fashion, meaning to me investors looking at value again...
And if SEC does in fact reinstate uptick rule in coming weeks, I would think it would have positive effect overall in the markerts as a whole. I think they need to do it ASAP, not wait until next month's meeting.
Yeah Obama blew in, as is past, when he speaks markets go south fast...
I am damn glad I sold out at 9.30 this a.m. after seeing buying dissolve after yesterday and seems my technical analysis was right on, but a couple days ahead. GE closed over $1.00 lower and of day.
I have to sit and see where bottom is in this stock and shorting finally ceases to re-enter again, but I walked away with about $2.00/share profit.
Ford only sensible auto maker out there not tied to TARP. Plus Treasury yesterday commented about going after naked short sellers and others who are ruining many stock values, and the Bernanke speak, all boosted this and most stocks substantially.
If this occurs for 3-4 more days, then it signals bottom is in and market moving higher finally..
This is good stock to invest in, and with comments yesterday from Treasury about wanting to go after naked short selelrs and the like for hurting many stock values, I am not sure if the overall market upmove was based on that or Bernanke speak or turn of the market North finally?? TIme will tell.
Think this stock can get back to 10 cents again?
I own some GE stock myself, but from a technical standpoint, yesterday's news and movement could be construed as a reason it simply closed a technical down gap it created on the 10 day chart back on March 5th (last big market sell off panic), and now that that has been closed, it could well signal more downside from here in a few days is my guess and time will tell. If not end of week, then it truly could be start of new revival to this stock from here to higher values next week and beyond.
Blue chip means crap today, as back in late 80's, they used to call any stock falling below $2.00/share a penny stock and had no value to trust investing in- Now look where we are at today with 90% of all public traded stocks...
Any life in this stock? Numbers look promising as do the expansion of power plant and mines.
Bulldog2002 you are right, and the answer to your question is a Federal job:
"Well tell me what other job pays you 80% of your salary, your legal bills, your healthcare, discounted cars etc etc ect AFTER YOU RETIRE FOR THE REST OF YOUR LIFE!!!!
F is the play now! GM needs a head shake and it's coming! "
You can be sure GM will file BK as now that the CEO and top execs are speaking of it (opposite of months back), it is in works, and my past experience with 2 supposed sound companies invested in, when BK happens it is too late for shareholders, you lose your total investment holding common shares of the corp stock and so, is reason I am completely out of GM stock as I will NOT get burned 3 times in a similar case.
Why Ford is only US auto maker to survive long term and it is not requiring any tarp funds.
I agree Moneyfarmer, and I drive a 2004 GMC truck.
All this whining about needing more money and now talk of having to file bankruptcy to reorganize is really more corp welfare and it is wrong!!
Like another poster said, and to go with what Obama keeps preaching about needing to stimulate buying in the economy, is the auto makers (especially GM) should be issuing huge rebates to the very people who will buy and own the vehicles; not more monies back to GM corp to be squandered away as I cannot believe there are so many dumb people out there seeing GM is not making changes (like Ford has) and back to same old tricks. The unions bought this nowhere man this position and he is giving them what they want at the expense of all the rest of the nation's citizens.
But heck, with seriously large rebates or lower car prices (which would move a lot of new cars), GM really can't do that now either, huh, because their union costs add so much to vehicles they would be literally giving them away and they won't do that. On the flip side seeing so many really decent used cars too out there, problem in my area is banks are now trying to con people saying any used vehicle at 4 years of age no longer has value left and it is not considered collaterable, and they start charging interest at 13% minimums now (up to 30% here in NC)! Funny cause over a year ago the bank commented on how nice my used GMC truck looked and was showroom clean and well kept...??? We just need a good old revolt across this nation I think.
I don't think jobless numbers mean anything today as anyone with an ounce of smarts knows what is happening out there. It is the spin this Obama administration is using plus fear and it is killing not only the Wall Street types Obama the Socialist "Messsiah" seems hell bent on hurting, but millions of people like you and me who have and are investing too in markets for leverage and better future asset building for our families all watching that disappear each time he opens his mouth!
What bugs me is Obama must have investments too and his cronies, right? Is this not bothering them too or are they the ones shorting everything good or bad using fear tactics via the media to gain massive short selling profits at all our expenses???
Soros is leader of Democratic party and he is a God-hating Aetheist admittedly so. Warren Buffet is an old outdated has-been whoa dvises Obama now and also denounces God and this fact alone is what scares me for those who are leading this nation as a whole regardless of the markets.
Look people! I would not be surprised to see our illustrious President Obama's liberal fear spreaders are and have been part of the fear in the markets and inaccurate press about GE and others for one, watching this get shorted for no reason, and "they" are prifitting from this which would be criminal!!!
The CFO is out this a.m. also stating how strong GE's cash basis is and global assets and busienss so whomever is spreading so much negativity and hatred toward peoples' life savings/investments should be hung!
Liberals do this crap and they are the ones spreading fear to manipulate the public and people got to stand up and demand they shut the hell up and this President and his administration act like a President and do the work of the people and NOT their personal self interests!!
Australia already has halted any short selling of bank stocks for 3rd time because of the sheer devastation and panic spreading to other equity indices which are in good shape, so perhaps the US Govt. will take heed to this and do the same to eliminate so damn much negativity everywhere and why foreign investors are refusing to step back in with their $$.
Australia already has halted any short selling of bank stocks for 3rd time because of the sheer devastation and panic spreading to other equity indices which are in good shape, so perhaps the US Govt. will take heed to this and do the same to eliminate so damn much negativity everywhere and why foreign investors are refusing to step back in with their $$.
Who is shorting this then still on low volume?
Australia already has halted any short selling of bank stocks for 3rd time because of the sheer devastation and panic spreading to other equity indices which are in good shape, so perhaps the US Govt. will take heed to this and do the same to eliminate so damn much negativity everywhere and why foreign investors are refusing to step back in with their $$.
Australia already has halted any short selling of bank stocks for 3rd time because of the sheer devastation and panic spreading to other equity indices which are in good shape, so perhaps the US Govt. will take heed to this and do the same to eliminate so damn much negativity everywhere and why foreign investors are refusing to step back in with their $$.
GM Auditor states they will have to file bankruptcy!
Why then are people buying this stock overnight & a.m. and shorting Ford when Ford is in decent shape and not on Fed's TARP tit??
Ford will be only known US car maker to survive long term and has cash to work with. We are seeing the new future folks.
GM Auditor states they will have to file bankruptcy!
Why then are people buying this stock overnight & a.m. and shorting Ford when Ford is in decent shape and not on Fed's TARP tit??
Ford will be only known US car maker to survive long term and has cash to work with. We are seeing the new future folks.
Let this POS company die and NO MORE HELP!!!
Even the former CEO lost over $2Billion because this new age management ran corp in ground and committed global insurance fraud and the only thing is to let them get what they deserve.
What irks me as a successful small business owner, is my own bank now will not give me a short term loan because I am "self employed" like it is some virus, though I show profit and make cashflow.
But my own bank referred me to go to American General who is part of AIG and now even that loan shark outfit tells me they cannot grant me a short term small loan because I am financing my work truck! Can you believe this crap? I don't know anyone who is not financing a vehicle of some kind and few own them, and if you do pay it off like I did a 1 1/2 years ago, I traded that vehicle in to get a better one to stay ahead of breakdowns, etc... but now with even American General (AIG) am told I am a risk being a self employed small business person and do not have free & clear title to my car!!
NOTHING in today's markets make sense because in my lifetime nothing like this ever occurred...
Ford is fine but our govt is killing us all slowly with their liberal mindsets of fantasies and today they give AIG another $30Billion to save CD's they issued.. But AIG is a penny stock around 35cents and are effectively bankrupt, yet the govt keeps feeding their crummy greedy execs and us little people will be the ones getting ruinied in the process.
Ban of Amerimexico went back to feds for more funds too and it all makes me sick to see happen while us small businessmen and women are getting the shaft!!
Hell even my bank today talked my business down saying "I was self employed" as if it was some virus and made comment self employed people are too much risk to lend to! Well what the hell with the major corps who scamemd & defrauded millions and they keep giving them benefit of doubt and our taxpayer monies..
I like PUDA (Puda Coal Corp) in China too.
Yes Obama talks two sided like a lawyer does.. "Clean Coal" is an oxymoron and noen of this makes sense to see happening.
Coal is fine as is other sources as we need energy in this nation of expanding population, period! I think of power plants in Colorado Springs and elsewhere run by coal solely- is Obama going to shut those down now and leave millions of people without electricity because the power plants are coal operated?
All I know is PUDC in China just refitted 3 new coal mines they acquired and are even building new COAL powered electrical generation plant in China so the Chinese have no problems with coal; only the LIBERALS in D.C. do- the same people who warranted $30million or so for Pelosi's backyard to try to preserve some stupid field mice from extinction!!! Why not issue law to kill stray cats and you will see mice population rebound...??
Yeah yeah Tech Guru!
Today, I have no words to see total share volume of only 350 shares... Who did this? Who would try? It costs more in commissions than such little position move..
This is so sad to see the largest capitalized corp in this scenario. They cut dividend as well and I keep thinking back about 2 years ago when ENT (Enterra Energy Trust) was first to cut divis when all this real estate collapse started to unfold in August 2007 to offset debt and get to cash, and people called them names and made fun of them for doing so and sold it to nothing; but it still survives today.
GE and other major large caps have now cut divis in this climate and I wonder where all the name calelrs are seeing so many once major large cap issues now even penny stock levels today!!!
Another medical device manufacturer worth looking into, as they have reminded me of SPNC back in late 90's...
Here is recent PR from them::
American Med Tech, Inc. Merger or Acquisition?
10:19p ET February 24, 2009 (PR NewsWire)
American Med Tech, Inc. (Pink Sheets: RBRM) today announced that their CEO, Executive VP and International Marketing Manager have returned from a mysterious "fact finding" visit to an as yet unnamed suitor.
"We discussed first and foremost adapting certain of our diabetic personal hygiene product line that utilizes proprietary silver to enable them to put these products on the shelves of thousands of retail pharmacies all across the USA," said David Phillips, Ph.D. CEO.
Additionally, Dr. Phillips reports: "We also discussed several other things that I am not at liberty to reveal right now."
Finally, Dr. Phillips told reporters today: "It would have to be important for this many key managers to travel together."
Inquiries can be made at www.americanmedtech.com. E mail inquiries can be sent to davidphillipsmail@yahoo.com. Phone is 304-725-2202.
Sure, this is positive. I will add this to my file from 2 years of other positive press releases.
CNBC talked about a new medical device manufacturer this morning and I thought of RBRM again, but it proved to be someone else who, in my opinion, does not have as extraordinary device(s) as RBRM has... So goes to show, CNBC and Bloomberg and others are the place to go to get global attention to your small cap corp beside the old guard large caps which many of those are trading near penny stock prices today anyway...
"Opportunities present themselves only once and you have to decide to have a leap of faith or go along with the crowd"
Oh yes. Here is e-mail response I received today from Dr. Phillips to my concerns about the name change and low price and PR saying "great things are about to occur", etc..
To share with other investors::
"No problem. The technology has always been owned by separate entities.
We have made these changes to protect the RBRM stockholders from operating losses of ReBuilder Medical, and to prepare RBRM for the posibility of a merger or acquisition."
David
David B Phillips Ph.D.
President/CEO
ReBuilder Medical Technologies, Inc.
http://www.ReBuilderMedical.com
http://www.molluscum.com
866-725-2202
304-725-2202
304-725-4915 (fax)
Well if this is truly the real Dr. Phillips posting here, you took my post out of context is all I can say. I have invested a lot of funds too like others only to see this fall to 1 cent or below. I invested in your product and company because of the death of my sister, sadly, only later finding out about the Rebuilder device she could have used, instead of Dr's pumping her full of tons of experimental medicines for years for extreme neuropathy that lead to her untimely death... I fell for the information I found regarding RBRM 2 years ago and thought it would be a great long term investment in my portfolio...
I made efforts to contact you to go on CNBC or Bloomberg too with this wonderful technology and products if you truly cared about company growth & shareholder value; especially in these times as many investors are seeking new safe places to invest funds again long term, but your constant rah rah PR letters and pitches for 2 years, in all honesty, are showing nothing tangible- just like the new President when he talks.... All words, no substance, and nothing to show after a while, and the market falls deeper in the negative each time. We investors cannot sell if we wanted to now, as with no volume and 1 cent price, we could not get out of our positions or will drive the price to decimals of a penny; and as it is right now, with such low share price, no serious larger investor or manager out there will consider even investing in this stock because it is simply a "penny stock" with lots of PR letters behind it..
Yes, damn right any investor right now would be mad if they find they are caught in some con game "again". Just look at recent events from Madoff to others, and you think my post is terroristic or defiant of my country's homeland security or even "vigilante" I believe you stated??? How unbelievable to read this!!! I have friends who work for FBI, Homeland Security, US Marshalls and even a brother who is Colonel in the military, and I am a licensed CCH holder and had to go through FBI background investigation for that so KNOW I am a god person- question is, are you??? And you want to mix words and call me some threat because I (and other investors) demand answers as any serious investor would watching our hard earned monies invested in your corp fall to nothing but losses and only PR letters for 2 years and now a name change occurring...
As of this post, someone shorted or sold 226,000 shares of RBRM and this is beyond weird to see happen??? There were only 50,000 share volume all day and all of sudden TD screen dropped on this sale.. Does bother me to see happen.
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/
??? Saudi's came out 2 nights ago saying in March they will close OPEC taps and force oil to $78/bbl as they will not stand for oil below $78/bbl as it is right now...
Would You Join Santelli's "Chicago Tea Party?"
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
http://www.cnbc.com/id/29283701/