Let's panic and sell GM.
“ In mainland China, GM set a new record among global automakers, with sales of 1,031,974 vehicles in 2007.”
Convince Granny to dump her shares at a near all time low.
“ SAIC-GM-Wuling, GM’s mini-vehicle joint venture, registered domestic sales growth of 20.1 percent to 548,945 units. “
Chapter 11 is coming. Cramer said it would happen, he's the man.
“ GM’s flagship joint venture, Shanghai GM, experienced domestic sales growth of 16.9 percent to 479,427 units. “
GM is failing, run away fast.
“ Domestic sales of GM and GM Daewoo products in Korea reached an all-time high of 131,040 units “
Hit the panic button, GM simply can't survive.
“ Driven by strong demand for the Chevrolet Spark mini-car, GM Sales in India jumped 73.7 percent in 2007 to a record 60,032 units. “
India and China are one-hit wonders. GM can't go on, they need to dissolve the company.
“ exports of complete vehicles from GM Daewoo rose to more than 820,000 units and exports of complete knockdown (CKD) kits surpassed 920,000 units. Both were records for GM Daewoo. “
Big deal. Record sales won't save GM .. Cramer said they were doomed beacuse Jerry York left the board. Who cares about record sales, without Jerry York on the board GM will collapse.
I'm not sure what this means for the other 30 Dow components which lack Jerry York maybe you should sell the short also.
The logic is impeccable. Everything means GM is going under, you are going to lose all your money, the company is broke, your shares are worth nothing, be scared, panic, and do what you are told.
Sounds like Global Cooling, Global Warming, ozone holes, Y2K bug, Communism, Terrorism and Polygamism. Wait I forgot boogeymanism.
Oh well ..
И я согласен что если последний раз цена GM акции падала так низко 25 лет назад и это было в деньгах 25 летней давности, то сейчас она просто даром продается. В прошлом году она быстренько от 19 до 38 прыгнула. А сейчас 17.50 ...
Хотя в дикой Америке все может быть. Вылетели в трубу всякие RCA и пр. Но как-то верится что с GM такого не должно произойти. А вы что думаете?