Great now we're back in the .33's. I don't get it. What is going on here.
Last edited by debber1212; 05-28-2009 at 11:19 AM.
i swear the mms are trying to get every single retail holder to sale or seomthing this is ridiculously too much now. so every1 decides to dump the stuck for no damn reason whatsoever
looks like the management team failed yesterday to present, anything even in the context of a new concept which could or would move this thing upward.
even the bit about a new internet radio device was already know.
Sorry,but I have to add this.....Whats going on is..... poor people running the show. Just like poor people were running the country,and we all know the shape the country is in. High hopes for a company that really is in a bad way with only an i phone deal that seems very distant as well. What a horror chamber.
Good Morning everyone,the take down has begun,but don't worry it is ok.
the GM news has retail investors wanting out which is what the MM's have been waiting 3 weeks for,it's a sellers panic,don't sell!!JMHO DYODD..
GM is going into BK,but it will be Gov't controled BK like AIG as 20% of small bond holders accepted new terms for 10% of company and more when market cap for GM reaches 15 bil and 30 bil..they have until Sat 5pm to vote on it,these were the Mom and POP bonds that people were buying for $25 a week like a savings account,it is small town USA and those are the ones the gov't didn't want to hurt..So as of now Mgmt and dealers are ones most hurt by this as it should be...
All good unless your timeline is short. I just added more shares myself.
We speak of birthdays, SIRI opposition and the likes because, well, take a look at this stock. Very little chat about the stock itself lately because watching a mackerel flopping aound on the beach at low tide isn't exactly interesting discussion value.
I agree that this is a temporary takedown.......
This is a huge buying opp IMO....
Yesterday there were folks here saying SIRI would NOT see the 20's. What a difference a day makes.
I was thinking why a company with $7.5B in assets has a market cap of $1.3B then realized that the company has $7.2B in debt. Net value of the company is $300MM.
I'm not a sophisiticated business person in terms of balance sheets, cash flow statements and the like, but if a company is truly worth $300MM; would the market value its stock accordingly?