posted
Wow lots of people day trading this Looking for bottom were going back up? if it hist the high 60's Im gonna double up
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
| IP: Logged |
quote:Originally posted by mustang21112: What do you guys think about this one for the rest of the day?
I think what to think about this for the near future is a good question. The big boys were daytrading with this one today huge amounts the likes of which usually dont see in quantity on the pennies. The contract is slated for March 30? so it seems it will be a roller coaster till some Holy nugget is spewed from the uAW and the BR courts. So Im going to keep trying to take other peoples money like a true American capitalist Pig Tommorow morning barring any bad news I believe it will gap up again Many of the people who would be connected or interested in investing in a mega Co are just now reading the news we saw this morning.
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
| IP: Logged |
posted
Another great trading day for dphiq Friday will be also in out in out
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
| IP: Logged |
Ford's Drive for Prominence in Growing CUV Market Buoyed By Delphi's Extensive E/E Systems Capability Thursday March 23, 9:00 am ET Responsibility on Pair of Recently Debuted Crossover Vehicles Illustrates Automaker's Confidence in Delphi's Systems 'Life-Cycle' Value
WARREN, Ohio, March 23 /PRNewswire/ -- Delphi Corporation is helping Ford Motor Company's highly charged pursuit of the white-hot crossover vehicle segment in North America by providing full-vehicle electrical/electronic (E/E) systems support for a pair of recently debuted vehicles.
-------------------- Have a good GREEN day! Posts: 111 | Registered: Aug 2005
| IP: Logged |
posted
Friday open we will gap way up again and close high for the weekend people day trading this stong you caint read a paper or watch the news without seeing the news
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
| IP: Logged |
posted
SAN FRANCISCO (MarketWatch) -- Just a few days ago, many on Wall Street had left General Motors Corp. for dead. Now, after two much-needed parts of its recovery strategy fell into place this week, the beleaguered company is beginning to regain its pulse, analysts say. The landmark early-retirement agreement that GM (GM : General Motors Corporation News , chart, profile, more Last: 22.00-0.01-0.05%
12:06am 03/24/2006 Add to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: GM22.00, -0.01, 0.0%) reached with its bankrupt parts maker Delphi Corp. (DPHIQ : delphi corp com News , chart, profile, more Last: 0.78+0.12+18.18%
12:19am 03/24/2006 Add to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: DPHIQ0.78, +0.12, +18.2%) and its unionized factor workers has raised hopes that the company has eased, but not altogether brushed aside, the likelihood of a crippling strike at Delphi. Then GM followed up with an agreement to sell a 78% stake in its profitable GMAC Commercial Holding Corp. to an investor group led by Kohlberg Kravis Roberts. The deal will send about $9 billion into the cash-strapped carmaker's coffers. See full story. "We believe today's announcement, coupled with yesterday's Delphi/UAW agreement, highlights the fact that GM's management understands the urgency associated with turning around the company, especially its ailing North American automotive operations," Joseph Amaturo, a Calyon Securities analyst, wrote in a new research report. The GMAC sale triggered a brief uptick of GM stock as high as $22.55. But those gains evaporated and the shares slipped to $21.76 by mid-afternoon, reflecting the sober long-term analysis of GM that many investors still hold. Moody's Investor Services called the buyout agreement a "positive development in GM's attempt to re-establish a more competitive and sustainable business position in North America." Among the questions that still confront the world's largest maker: How many of the 131,000 eligible hourly workers will stand up and accept GM and Delphi's cash offers to go into early retirement? Headway Analysts said the ambitious initiative -- which by some estimates could cost $3 billion depending on how many takers are found -- shows GM is finally making some headway toward its stated goal of shedding 30,000 union jobs and the $6 billion annual health-care bill associated with them. Reducing the work force could put GM in a better position to compete with Japanese and German rivals who, over the past decade, have built non-union assembly lines on U.S. soil and go on to carve out a huge share of a market that GM dominated for decades. But analysts said large-scale buyouts are still only a first step toward whittling down GM's soaring labor costs, which executives cite as a major factor behind its $10.6 billion in losses last year. According to Prudential Equity Group analyst Michael Bruynesteyn, the early-retirement plan still hasn't erased the threat of a strike by Delphi's UAW workers and the roughly 6,000 employees not eligible for buyouts. "These workers are not likely to be pleased with their exclusion from the plan, and we view them as posing significant continued risk of labor disruption," Bruynesteyn said. Delphi, which sought Chapter 11 bankruptcy protection from creditors on Oct. 8, has threatened to seek court approval to void its existing labor contract at the end of March. Meanwhile, talks continue as both sides seek to resolve such thorny issues as wages and plant closures. Bruynesteyn also is leery of GM's apparent lack of progress toward negotiating lower prices from Delphi, which remains GM's biggest parts supplier more than six years after it was spun off from the Detroit-based company. Neutral weighting Despite taking a cautious view, Bruynesteyn said that the buyout package and GMAC deal -- combined with the recent launch of its new GMT-900 line of SUVs and trucks -- provides some welcome good news for the struggling giant over the next few months. He reiterated a neutral weighting on the stock and a price target of $12. GM's share of the retail U.S. auto market has shrunk to about 21% from 23% a year ago, according to mid-March figures from J.D. Power & Associates, while Toyota Motor Corp. (TM : toyota motor corp sp adr rep2com News , chart, profile, more Last: 107.20-1.77-1.62%
12:06am 03/24/2006 Add to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: TM107.20, -1.77, -1.6%) has seen its share rise to nearly 17% from 16% over the same period. Voicing one of the more skeptical views of the buyout plan, Citigroup warned that GM's agreement to transfer up to 5,000 Delphi workers back to its own payroll would hamper the company's efforts to trim its workforce. "The primary issues today's initiatives set out to resolve are still lingering -- legacy labor costs at GM and a possible supply disruption at Delphi," analyst Jon Rogers wrote in a research note. The brokerage maintained its speculative rating on the stock. "We expect Delphi's Chapter 11 filing to add approximately $5.5 to $12 billion to [GM's] liability base while weakening near-term earnings power, as GM struggles to rationalize its supplier footprint in an environment of lower market share," Rogers added. "Low consumer demand and diminished vehicle stock may continue through 2006. This weakness could lead to further profit-eroding incentive programs in order to stimulate sales." Other risk factors cited by Rogers: volatile interest rates, rising commodity prices, soaring employee benefit costs and a Securities Exchange Commission probe of GM's books. At the same time, strong sales of the new GMT-900 models and a drop in gasoline prices could quickly benefit GM's bottom line and slow some of the pressure on its cash supply, Rogers said.
Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004
| IP: Logged |
posted
Delphi Says It's Delaying Filing 1st-Quarter Financial Results. Delphi Corp. said it won't be able to file its first-quarter financial report on time because it needs more information on the potential outcome of wage talks with its unions and General Motors Corp.
Posts: 7 | From: IL | Registered: May 2006
| IP: Logged |
posted
GM is trying to help Delphi reach a deal with its unions to cut wages and jobs without a protracted strike. Analysts have said a strike at Delphi could cripple production at GM and force it to burn through billions of dollars a week. GM is a huge part of the market; and i just don't see this happening. Some thing will happen in a positive result for Delphi.
Posts: 7 | From: IL | Registered: May 2006
| IP: Logged |
posted
They are trying to cut their wages from $27/hr to $16.50. Thats not it; they are trying to get GM to help them with this also; they are asking GM to pay $4 of the 16.50. They will have a huge amount of money this way.
GLTA
Posts: 7 | From: IL | Registered: May 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
