# GM bankrupt!!??? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 8, 2008, 9:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161 "2008-10-08T21:51:41Z")\ **Posts on this page:** 20\ **Page:** 29
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [June 1, 2009, 8:43am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/561 "2009-06-01T08:43:56Z")
I missed the buy boat for today, it looks like. It only got as low as 27 cents, now it’s back up to 88 :roflpicard: Didn’t hit my buy target. ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [June 1, 2009, 10:13am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/562 "2009-06-01T10:13:03Z")
> [@Joe](#): > > I missed the buy boat for today, it looks like. It only got as low as 27 cents, now it’s back up to 88 :roflpicard: Didn’t hit my buy target. how may shares are you looking to buy. I need to call my investment guy. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [June 1, 2009, 10:14am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/563 "2009-06-01T10:14:50Z")
I was going to do 10,000 shares at .20, out at .60. Never got that low. GM is all over the place today, like a giant game of musical chairs. You can take it for a ride for a nice profit, just don’t be the one stuck holding it when the music stops. ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [June 1, 2009, 10:41am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/564 "2009-06-01T10:41:35Z")
i have never been much into stocks but now is a good time unless like you said, Im still holding the stock when the music stops. I will have to see how chryslers stock is doing as well. Thanks, Dave ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [June 1, 2009, 6:40pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/565 "2009-06-01T18:40:59Z")
With the news of GM shittin out, Ford actually picked up decently. Anyone score big with that? ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 1, 2009, 6:54pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/566 "2009-06-01T18:54:13Z")
I guess For will replace GM in the DOW index? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [June 1, 2009, 7:00pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/567 "2009-06-01T19:00:03Z")
no, cisco ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 1, 2009, 7:06pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/568 "2009-06-01T19:06:42Z")
Hard to imagine the DOW without an American car company. ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 1, 2009, 9:04pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/569 "2009-06-01T21:04:37Z")
[http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos](http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos) Sigh… Mistereo, take the buyout. ---
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [June 1, 2009, 10:15pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/570 "2009-06-01T22:15:17Z")
> “I guess that was prophetic,” he said, shaking his head. I’d totally take advice from somebody who says something as stupid as that. ---
**Author:** ![Violator](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/violator/32/7278_2.png) [@Violator](https://forums.speedlife.net/u/Violator)\ **Post date:** [June 1, 2009, 11:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/571 "2009-06-01T23:51:20Z")
I REALLY hope the government does not fuck this up. Every idiot congressman will try to bend things toward their selfish interests. I wish they would hire someone like Warren Buffet to take the lead for a while. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [June 2, 2009, 5:40am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/572 "2009-06-02T05:40:23Z")
stock’s been switched to GMGMQ ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [June 2, 2009, 6:25am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/573 "2009-06-02T06:25:43Z")
Factoid: GE is the only original company still in the DOW. ---
**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\ **Post date:** [June 2, 2009, 6:31am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/574 "2009-06-02T06:31:10Z")
> [@Violator](#): > > I REALLY hope the government does not fuck this up. Every idiot congressman will try to bend things toward their selfish interests. I wish they would hire someone like Warren Buffet to take the lead for a while. Because Warren Buffet has any experience running a production company, let alone a car company? Warren buffet is good at investing, that is what he does. Long term investing. ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [June 2, 2009, 7:49am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/575 "2009-06-02T07:49:28Z")
> [@PureXTC](#): > > [http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos](http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos) > > Sigh… > > Mistereo, take the buyout. LOL I was laughing at that last night.I called The retirement 1 800 # to make sure I have my 10 yrs in so I get the $105k(10yrs) and not $65K(under 10) and they said I have 10.6yrs Vested rights and 8.6 yrs accredited service.What we think that means is they aren’t counting my 2 yrs from Delphi for accredited service but for retirement I have the 10.6.I’m going to the union hall today to make sure and if I do have the 10,I’m about 90% sure I’m taking it. ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 2, 2009, 5:30pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/576 "2009-06-02T17:30:18Z")
> [@misteroman$$$](#): > > LOL I was laughing at that last night.I called The retirement 1 800 # to make sure I have my 10 yrs in so I get the $105k(10yrs) and not $65K(under 10) and they said I have 10.6yrs Vested rights and 8.6 yrs accredited service.What we think that means is they aren’t counting my 2 yrs from Delphi for accredited service but for retirement I have the 10.6.I’m going to the union hall today to make sure and if I do have the 10,I’m about 90% sure I’m taking it. I’m suprised they are giving that much. What happened to the 20/25 car voucher? Too bad you didn’t have your time in for 140. Our buyout is being paid by GM but one thing has me worried. They send 3 checks in one month intervals. I will get my 2nd check at the end of June and 3rd in July. Why space it out like that? Hopefully not another GM screw over tactic. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [June 2, 2009, 5:43pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/577 "2009-06-02T17:43:23Z")
So they dont have to spend all the cash they just got in one lump. ---
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [June 2, 2009, 6:09pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/578 "2009-06-02T18:09:35Z")
> [@Joe](#): > > So they dont have to spend all the cash they just got in one lump. The buyouts for Delphi Lockport totaled only $9,600,000. They got 4 billion a few weeks ago didn’t they? ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [June 2, 2009, 9:17pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/579 "2009-06-02T21:17:01Z")
I get 80K plus the $25K car voucher.When said and done I’ll get about $50K cash and $15,500 for the voucher(they tax it first)I will still have a pension tho.If I make it to 65 I’ll get 550 a month as I’m vested.Not much but I think I have 0% of going back to work and I don’t care what everyone thinks,they aren’t going to keep making $28 an hour for much longer. Now I just have to find benies for Aug st ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [June 3, 2009, 6:26am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/580 "2009-06-03T06:26:45Z")
^JESUS CHRIST I can’t imagine why GM is in trouble. LMAO. [Previous page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=28) [Next page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=30)