I just called an advisor and he told me that every company that I was watching was a waste. He reamed me out for fifteen min. so I said bye. I really was kinda shocked...
I think Ford has the best chance out of the big three to stick around after all this BS.
Really? Why is that?
I would sure hope so, as would probably 99 pecent of us on here, but we can be a bit biased at times. I would think GM would have a better chance, but I honestly haven't followed the companies too much lately.
I lost interest once SVT was pushed to the side :nonono:
Buy low sell high. Ford will not go bankrupt. When they come back a couple years down the road you will be kicking yourself in the a$$ for not buying the stock at a bargain price. I see Ford stock as an easy moneymaker. I have a lot of it though and am willing to wait it out as long as it takes.
I was thinking about some Ford stock also.
But, I also considered buying bank stock since a considerable amount of this bail-out money is bank related. But I've had others say not to invest in banks. I'm hearing different answers every time I ask.
looking at the way the default swaps are trading, it looks like the market is pricing in a 75% chance of bankruptcy for Ford, and 80% for GM in the next five years.
They may have a lot of cash, but they have an absolutely horrible burn rate.
**** em.
LOL, I wouldn't take advice from you.
http://www.usnews.com/blogs/flowchart/2008/09/24/a-25-billion-lifeline-for-gm-ford-and-chrysler.html