Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » AUTO BAILOUT FAILS!!

 - UBBFriend: Email this page to someone!    
Author Topic: AUTO BAILOUT FAILS!!
osubucks30
Member


Icon 1 posted      Profile for osubucks30     Send New Private Message       Edit/Delete Post   Reply With Quote 
Are you kidding???????

The White House will use Tarp money now! Well at least I hope!

Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
T e x
Member


Icon 1 posted      Profile for T e x     Send New Private Message       Edit/Delete Post   Reply With Quote 
who's kidding whom?

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looks like I shouldn't have sold most of my FAZ and BGZ today...

Futures down 360 now...

Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
osubucks30
Member


Icon 1 posted      Profile for osubucks30     Send New Private Message       Edit/Delete Post   Reply With Quote 
I would buy this dip because the TARP will be used. They may announce it tomorrow. It is going to be a crazy day!! I would buy if the market if it is down then sell after a decent rally after the announcement of the TARP being used. Just my opinion.

Link:
http://money.cnn.com/2008/12/11/news/companies/whitehouse_warning/index.htm?post version=2008121122

Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
jon clogger
Member


Icon 1 posted      Profile for jon clogger     Send New Private Message       Edit/Delete Post   Reply With Quote 
I was sitting short on pound yen tonight, went to take a dump, and 15 minutes later came back to +400 pips from this very announcement.

Never made that much in such a short time. Wow.

Tomorrow looks like a blood bath into the 7's we go.

Posts: 602 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
jon clogger
Member


Icon 1 posted      Profile for jon clogger     Send New Private Message       Edit/Delete Post   Reply With Quote 

Posts: 602 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
SuperSniper00
Member


Icon 1 posted      Profile for SuperSniper00     Send New Private Message       Edit/Delete Post   Reply With Quote 
The bailout should have failed.

Automakers have sucked ass since the 1970s, now they get out of these stupid contracts with the unions.

--------------------
*I'm not a financial expert or advisor, everything stated is my opinion*

Posts: 1680 | From: NC | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
I agree with the "buy the dip" idea here. The question is, at what point to buy in? I am planning to buy aome at the open, and add as the day goes on if it continues down hard. I'd rather be early than late in this case. And in case they do something over the weekend with the auto bailout, I definitely want to be mostly loaded by EOD. Even if we go down a bunch more next week, I think it's pretty safe to say that we'll eventually recover from this.


quote:
Originally posted by osubucks30:
I would buy this dip because the TARP will be used. They may announce it tomorrow. It is going to be a crazy day!! I would buy if the market if it is down then sell after a decent rally after the announcement of the TARP being used. Just my opinion.

Link:
http://money.cnn.com/2008/12/11/news/companies/whitehouse_warning/index.htm?post version=2008121122


Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
buckstalker
Member


Member Rated:
4
Icon 1 posted      Profile for buckstalker     Send New Private Message       Edit/Delete Post   Reply With Quote 
WASHINGTON (Dow Jones)--Detailing his decision to grant emergency loans to General Motors Corp. (GM) and Chrysler LLC (C.XX), President George W. Bush said it would be irresponsible to let the firms go bankrupt with the U.S. economy in the midst of a recession.
"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the auto makers," Bush said in a statement from the Roosevelt Room. "Under ordinary economic circumstances, I would say 'this is the price that failed companies must pay' and I would not favor intervening to prevent the auto makers from going out of business."
"But these are not ordinary circumstances."
Under the plan unveiled by the White House, the government will give struggling auto makers $17.4 billion in emergency loans from the Treasury Department's Troubled Asset Relief Program, allowing the firms to avoid bankruptcy.
The funds will be distributed in two stages, the first totaling $13.4 billion. A second $4 billion tranche will be available in February, contingent on the release of the second half of the $700 billion TARP.
The firms must demonstrate viability to access the cash.
A senior administration official said he expected General Motors and Chrysler to take advantage of the loans later Friday. Ford Motor Co. (F) has said it doesn't need the emergency cash for now.

--------------------
***********************

It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
Peaser
Member


Icon 1 posted      Profile for Peaser     Send New Private Message       Edit/Delete Post   Reply With Quote 
If Ford ends up taking nada from the government and avoids bankruptcy during the bailout period in American history, then they will become the leading American auto brand favored amoungst our peoples.

Now that's a nice speculation play. I think it will happen...

P.S. - I am biased as I had two Ford Rangers growing up. The first I got stuck under a tree driving too fast in snow, the second I rolled over. On the other hand, I now own a K1000 GMC. [Big Grin]

--------------------
Buy Low. Sell High.

Posts: 10736 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
Peaser
Member


Icon 1 posted      Profile for Peaser     Send New Private Message       Edit/Delete Post   Reply With Quote 
Doh, I was wrong, just looked on the side of my truck, it's a GMC 1500. Chevy has the k1000's.

I always get'um confused goin' to the parts store since all the parts are interchangable between brands. Shoot there's no difference that I can see between my truck and the Chevy, other than a few interior differences.

--------------------
Buy Low. Sell High.

Posts: 10736 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share