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#29 | |
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Location: Colorado
Posts: 2,997
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Quote:
VOW VOW, before this mass market selloff due to the debt crisis and investor confidence being crushed, just hit a 52wk high after extremely bullish 1yr and YTD performance. Comparatively, since GM's IPO in November 2010, VOW is still UP over 10% even after this selloff. ![]() HMC HMC recovered nicely from the massive bear trend following the devastating tsunami in Japan. Pre-selloff HMC's YTD performance was fairly green with great 1yr gains. Again when referencing GM's IPO as a starting point(Nov 2010), HMC is nearly completely even after the selloff, not red, and was very green before the selloff. ![]() DAI Again, using GM's IPO as a starting reference-point, before the selloff DAI was slightly green. YTD performance just very slightly green, but not looking great. DAI is likely your best example. However, 1yr performance is great, hugely green. DAI also saw the worst impact from the massive global selloff. ![]() GM GM has been trading in a bearish channel since February after the lovely buying frenzy in late 2010. The most positive thing about this chart is that it has been impacted the least by the mass market selloff, but it was looking unfortunately bearish already. ![]() You see where your statement doesn't hold water? Some of the scaling is different in each chart to make trends more apparent, so keep that in mind. DAI and HMC's scales make some movements seem more dramatic. GM isn't down 30+% since IPO because of the massive selling in the market; It is down about 6-7% as a direct result of the selloff. GM was already down about 20% since IPO before this frantic selling began, at which time all of the other companies you referenced were either green, showing bullish trends, or even since GM's IPO, not red.
Last edited by 8cd03gro; 08-07-2011 at 09:29 PM. |
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#30 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Drives: the 2nd amendment home Join Date: May 2008
Location: OK
Posts: 14,763
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Excellent work.
I didn't concern myself with the "why" so much as the "how much" but to be fair we should throw 'F' in as well since it was the main comparison in the first place. The German companies probably followed the euro strength much closer than the dollar, Japanese companies have had their continent issues as well that didn't effect us as much. I think even you will agree the OP just wanted to pick a fight.
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#31 | |
![]() Drives: BLOWN CAMARO SS PORSCHE PANNY TURBO Join Date: Jan 2010
Location: USA
Posts: 262
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Quote:
I asked a LEGIT question and now it's been answered intelligently by 8CD03GRO. I agree 100% with what he stated, get to know the difference between cheerleading and reality! Have a great week FYI he just gave you the FORD scenario in a previous post, it's obviously different than that of GM- PLEASE READ Ford is down because Ford had a buying frenzy through 2009-2010 that artificially inflated it's PPS. The market adjusted and put it at a more realistic PPS with a noticable decrease congruent to the direction of the general market. However, Ford's drop is from a 10 yr high while GM's is from an IPO after bankruptcy and restructuring by the Fed. Did you know Ford still has a higher Market Cap than GM at this very moment? GM should never have bumped the IPO PPS to $33. It was a bad move when you're trying to improve investor confidence, sorry if you disagree, but that's a fact. Pick a fight???? I'll say it again "it's the internet" and a "forum" it's for discussions about ideas-opinions etc you don't win anything for being right or wrong. I even wrote that I was thinking of buying the GM stock at $25 in a previous post in this thread. I thought this might be the value point to get in at. I don't drink the KOOL AID from any company without investigating and I surely don't listen to the media or the current administration for any financial information! Last edited by TOBY J; 08-08-2011 at 10:18 AM. |
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#32 | |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Drives: 2005 STi corn fed Join Date: Jul 2008
Location: Colorado
Posts: 2,997
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Quote:
Unfortunately for GM, any bearish trends will scare prospective investors much more than most similar stocks because a lot of the current and prospective investors just recently lost a ton of money in Old GM. As far as F is concerned, that's a good point. F has been in a slide since Jan 2011. However, this slide is from a high of nearly 10 years. Since early 2009, F made an astounding %1,500 increase in PPS to a somewhat inflated valuation. The pullback was imminent imo. |
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#33 |
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Rising commodities bodes ill for automakers profit...pps goes down, ecomomy not in the recovery that was hoped for...pps goes down. If commodities go down, it would signal lack of demand...pps goes down. Unemployment numbers above 9%... pps goes down. Much more goes into stock prices than company quarterly performance. Uncertain futures makes the market skittish and any news is a reason to panic.
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#34 |
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If you're looking to get into the market, wait. Nothing is a good investment right now. This trend is going to continue through the week. The confidence in gold is very scary as it shows a lack of confidence in the market that has not been seen in my lifetime. I hope everyone got out of their major investments in the past few weeks. I am a daytrader, so I am still trading a bit in the blue chips, but most of my capital is sitting in my brokerage account untouched or in GLD, but I'm even about to pull out of that and wait out the storm. Some real, real scary stuff going on right now and I wish you all good luck.
Last edited by 8cd03gro; 08-08-2011 at 01:02 PM. |
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#35 | |
![]() Drives: BLOWN CAMARO SS PORSCHE PANNY TURBO Join Date: Jan 2010
Location: USA
Posts: 262
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also hope you guys jumped on GM at $20 2 weeks ago the price is at $25 today and heading to $30 before the end of the year! |
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