$1.27 Per Share: The General Motors Of 1933

diddiyo · 03-06-2009, 01:55 PM

oh hai!

http://jalopnik.com/5165566/127-per-...motors-of-1933

Quote:

GM stock dropped 25% today, hitting $1.27 per share during intra-day trading. It's a level not seen since April, 1933.

it's sad.

hardestgainer · 03-06-2009, 02:09 PM

well if we wanna get technical back in 1933 $1.27 was worth A LOT more than what its worth today...............

kanys · 03-06-2009, 02:52 PM

Quote:

Originally Posted by hardestgainer

well if we wanna get technical back in 1933 $1.27 was worth A LOT more than what its worth today...............

Yeah, and they didn't have Camaro back then (not sure how this fits in to arguement but its true!) so I'd say that fact negates the change in value of the dollar due to inflation

.

PQ · 03-06-2009, 03:52 PM

I'll tell you what. If you beleived that GM was going to rebound and that the Gov. would see to it then it would be a hell of a time to buy a bunch of it right now.

I've got 10,000.00 in the bank for a rainy day fund. I won't do it but I'll keep an eye out I promise you that.

diddiyo · 03-06-2009, 04:05 PM

Quote:

Originally Posted by irpq11

I'll tell you what. If you beleived that GM was going to rebound and that the Gov. would see to it then it would be a hell of a time to buy a bunch of it right now.

i remember people on here buying at $6 because they thought it would be a great time to buy :/

dbotsfordtat · 03-06-2009, 05:26 PM

I'm not buying GM but I've been buying the hell out of some other stocks.

Maddog78 · 03-06-2009, 07:29 PM

Pretty risk at this point. If they do end up declaring Chapter 11 your stocks are worthless.

Rob490 · 03-06-2009, 07:32 PM

Its a sad day when fords stock is more than GMs

03-06-2009, 03:52 PM	#4
PQ Booooosted. Drives: 2010 Supercharged SS Join Date: Apr 2008 Location: Mobile, AL Posts: 36,716 View My Garage	I'll tell you what. If you beleived that GM was going to rebound and that the Gov. would see to it then it would be a hell of a time to buy a bunch of it right now. I've got 10,000.00 in the bank for a rainy day fund. I won't do it but I'll keep an eye out I promise you that. __________________

03-06-2009, 07:32 PM	#8
Rob490 Drives: NONE Join Date: Oct 2008 Location: Glendale CA Posts: 194	Its a sad day when fords stock is more than GMs Last edited by Rob490; 03-14-2009 at 10:01 PM.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
General Motors rolls out its heritage at the Woodward Dream Cruise	KILLER74Z28	5th Gen Camaro SS LS LT General Discussions	4	09-12-2014 11:25 PM
General Motors: venerable, but vulnerable	camaro5	General Automotive + Other Cars Discussion	18	08-13-2009 12:01 PM
General Motors Timeline - 100th Anniversary in September	camaro5	General Automotive + Other Cars Discussion	7	12-12-2008 10:35 PM
General Motors Corp. says about 3,600 workers will be laid off indefinitely	camaro5	General Automotive + Other Cars Discussion	7	11-09-2008 01:45 PM

03-06-2009, 02:09 PM	#2
hardestgainer Drives: American muscle Join Date: Mar 2009 Location: Boise Posts: 35	well if we wanna get technical back in 1933 $1.27 was worth A LOT more than what its worth today...............

03-06-2009, 05:26 PM	#6
dbotsfordtat Drives: 2016 Camaro Join Date: Nov 2008 Location: Iowa Posts: 502	I'm not buying GM but I've been buying the hell out of some other stocks.

03-06-2009, 07:29 PM	#7
Maddog78 Drives: 1969 Z28 Join Date: Mar 2008 Location: BC Posts: 378	Pretty risk at this point. If they do end up declaring Chapter 11 your stocks are worthless.