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  1. Demian is offline
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    03-30-2009, 04:05 AM #11
    Classic car sales bargaining strategy......."I don't know, I'll have to talk to my manager about that - I'll see what I can do, but I can't promise you anything."

    http://finance.yahoo.com/news/Obama-...-14778215.html


    Obama conditions bailout funds for automakers
    White House: GM, Chrysler fail to submit restructuring plan that will get them more money
    Philip Elliott, Associated Press Writer
    Monday March 30, 2009, 1:52 am EDT

    WASHINGTON (AP) -- The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry.

  2. Demian is offline
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    03-30-2009, 04:09 AM #12
    The futures look really ugly.....

    http://www.bloomberg.com/markets/stocks/futures.html

    INDEX VALUE CHANGE OPEN HIGH LOW TIME
    DJIA INDEX 7,552.00 -210.00 7,721.00 7,755.00 7,542.00 03:46
    S&P 500 791.40 -24.70 812.50 815.10 789.70 03:46
    NASDAQ 100 1,222.50 -33.50 1,250.50 1,254.00 1,220.25 03:46

  3. Demian is offline
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    03-30-2009, 04:14 AM #13
    http://online.barrons.com/article/SB...lenews_barrons

    What is striking about 2008 is that so many of the stocks that showed up in the penny-stock category were household names, or at least well-known on Wall Street. They include retailers Rite Aid (ticker: RAD), Pier 1 Imports (PIR), and Eddie Bauer (EBHI); radio broadcasters Westwood One (WON) and Sirius XM Radio (SIRI); auto-parts giants Dana Holding (DAN) and Noble International (NOBL); and financials Friedman Billings Ramsey Group (FBR) and Thornburg Mortgage (THMR). As a category, penny stocks have attracted even more attention as AIG (AIG) entered their realm and Citigroup (C) hovered near it.

  4. Demian is offline
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    03-30-2009, 04:17 AM #14
    Why does BusinessWeek hate satellite radio so much?

    http://www.businessweek.com/technolo...ge_top+stories
    Last edited by Demian; 03-30-2009 at 04:29 AM.

  5. Brandon Matthews is offline
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    Joined: Aug 2008 Location: Northeast Posts: 721
    03-30-2009, 07:35 AM #15
    We seem to be holding our own in premarket, it's actually UP!?

  6. relmor2003 is offline
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    03-30-2009, 08:06 AM #16
    Interesting news day. Cant see how this helps today. Looks like 7500 will be tested quickly, well see if it holds.
    Simple correction today on the failed break past 8000 from last week. Time to retest support now. Probably has very little or anything to do with the auto news.

  7. Beach Gambler is offline
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    Joined: Mar 2009 Location: On a cushy beach chair! Posts: 383
    03-30-2009, 08:10 AM #17
    I think I better stop watching and check back in on the sp later this afternoon, It is already depressing me...... Have a great Day!

  8. relmor2003 is offline
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    03-30-2009, 08:14 AM #18
    Interesting. Going to exploit this as bad news. Really no news to good news, but whatever. See how the intraday market reacts if offered a lower buy in than Friday. Still looking for it to hold the .35 cent line(intradday). They are setting up premarket to be were they think the lows of the day might hit.

  9. corfieldb is offline
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    Joined: Jan 2009 Location: Dayton, OH Posts: 19
    03-30-2009, 08:15 AM #19

    What does this mean for Ford?

    Quote Originally Posted by Demian View Post
    Classic car sales bargaining strategy......."I don't know, I'll have to talk to my manager about that - I'll see what I can do, but I can't promise you anything."

    http://finance.yahoo.com/news/Obama-...-14778215.html


    Obama conditions bailout funds for automakers
    White House: GM, Chrysler fail to submit restructuring plan that will get them more money
    Philip Elliott, Associated Press Writer
    Monday March 30, 2009, 1:52 am EDT

    WASHINGTON (AP) -- The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry.
    What do you guys think this means for Ford?

    Thanks-

  10. relmor2003 is offline
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    03-30-2009, 08:20 AM #20
    Quote Originally Posted by corfieldb View Post
    What do you guys think this means for Ford?

    Thanks-
    Ford hasnt taken bailout money. Dont see how its a negative. Get good people from GM for less, sell more cars due to better energies spent on making money , instead how to ask for more.

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