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Re: Chili Palmer post# 1678

Monday, 01/12/2009 8:42:33 PM

Monday, January 12, 2009 8:42:33 PM

Post# of 7196
What? I sold 90% of my GM stock now becaue of some very uneasy feelings and actually bought into Ford at these levels.

We will have to see what occurs with Obama coming in and GM as if UAW does as they seem, GM will be called upon to repay loans to Feds and will hurt them badly, whereas Ford does not require any bailout funds and is holding up well in these times..

I need to see soemthing else other than PR 24/7 from GM now like some penny stock marketer, as that is usually a sign something is not being told to the public/shareholder that is detrimental so I will give this one some time to see what occurs before we take a large position again as we initially had.

I own a GM and like them but something feels bad here holding too muvh of this stock, as initially I saw $10.00 but the UAW seems hell bent on not allowing that to happen because of their unwillingness to adapt like most Americans have had to in these times...

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