GM & Ford stock closing numbers today

[Oracle of Delphi]

GM closed at $9.98 per share

Ford closed at $4.36 per share

Just for reference Toyota closed today at $91.40

Edited July 2, 2008 by Pontiac Custom-S

[loki]

GM closed at $9.98 per share

Ford closed at $4.36 per share

Just for reference Toyota closed today at $91.40

are you recommending anything with this post??????... other than hating on T?

[Satty]

Buy low, sell lower? Just for reference, what was GM at a year ago?

[Robert Hall]

Buy low, sell lower? Just for reference, what was GM at a year ago?

$38.02 July 2, 07.

Ford--$9.64 then.

Edited July 3, 2008 by moltar

[traumadog]

What that does say is that GM's market capitalization is around $7 Billion - pocket change to Warren Buffet or Bill Gates.

In other words, if GM shows any signs of life, it's ripe for a takeover... something like what Kerkorian's doing now with Ford.

[Satty]

$38.02 July 2, 07.

Ford--$9.64 then.

O

U

C

H

Thats a 74% drop, if I can operate a calculator.

[traumadog]

O

U

C

H

Thats a 74% drop, if I can operate a calculator.

And the lowest it's been since Eisenhower (Sept. 13, 1954, to be exact - not adjusting for inflation, BTW).

Edit - oh, and I was wrong - the current market capitalization for GM is now $5.65 billion, not $7B.

Edited July 3, 2008 by traumadog

[Oracle of Delphi]

Let's hope Toyota doesn't buy GM, it's ripe for a takeover. If that happens, I'm off to BMW, I have a standing job offer.

[balthazar]

>>"GM closed at $9.98 per share

Ford closed at $4.36 per share

Just for reference Toyota closed today at $91.40"<<

>>"Just for reference, what was GM at a year ago?"<<

>>"$38.02 July 2, 07.

Ford--$9.64 then."<<

Ooops; forgot toyota !! :

$127.78 -- July 3, '07.

GM is down 74% and actual share price decrease is $28.04.

toy is down 29% but actual 'share' price decrease is $36.38.

If one bought 1000 shares of both, the toyota 'stockholder' would have lost $8340 more that the GM holding.

If one bought the same $ amount of shares, the GM stockholder would have lost $17199 more (on 1000 shares) than the toyota holding.

Depends on your criteria of comparison.

But without question; yes - Ford & GM's stock prices suck- glad for my sake I didn't buy any back when it was in the mid $30s and it was getting talked up here.

Edited July 3, 2008 by balthazar

[CSpec]

>>"GM closed at $9.98 per share

Ford closed at $4.36 per share

Just for reference Toyota closed today at $91.40"<<

>>"Just for reference, what was GM at a year ago?"<<

>>"$38.02 July 2, 07.

Ford--$9.64 then."<<

Ooops; forgot toyota !! :

$127.78 -- July 3, '07.

GM is down 74% and actual share price decrease is $28.04.

toy is down 29% but actual 'share' price decrease is $36.38.

If one bought 1000 shares of both, the toyota 'stockholder' would have lost $8340 more that the GM holding.

If one bought the same $ amount of shares, the GM stockholder would have lost $17199 more (on 1000 shares) than the toyota holding.

Depends on your criteria of comparison.

But without question; yes - Ford & GM's stock prices suck- glad for my sake I didn't buy any back when it was in the mid $30s and it was getting talked up here.

What? Do you have any idea what you're talking about? Of course the higher priced stock will have higher absolute fluctuation with a percentage change--look at daily movements of Google or Berkshire Hathaway. And Toyota's market capitalization is $143 billion, compared to under $6 billion for GM.

[IfICouldWouldYou?]

What? Do you have any idea what you're talking about? Of course the higher priced stock will have higher absolute fluctuation with a percentage change--look at daily movements of Google or Berkshire Hathaway. And Toyota's market capitalization is $143 billion, compared to under $6 billion for GM.

Considering Toyota is backed by the Japanese government, $143 billion is chicken feed.

[balthazar]

>>"What? Do you have any idea what you're talking about?"<<

Just pointing out the fallibility of percentages. "74%" sounds horrible, of course, (and it is), esp in comparison to "29%". The stock price was compared to toyota & Ford above, but from the standpoint of an individual investor and told in actual dollars, if you bought the same # of shares of GM & toyo, you would have lost more money investing in toyota over the last year than in GM.

>>" Of course the higher priced stock will have higher absolute fluctuation with a percentage change"<<

Depends on the percentage...

[Newbiewar]

well... no suprise here... keep it low, and i'll keep buying... if it raises... i'll start selling, its a beautiful plan... but if i sold now i'd be like 5k in the hole

i started buying at 37.5...

thought it wouldnt go below 35...

started buying again at 23... thought it wouldnt go much lower, was able to sell a bit at 25,

then started buying again at 20

then again at 17.60 (that 25 year low)

then again at 11.30 (55 year low)

if i had more money i'd buy more... but ive already got 18k betting on them to recover to mid 20's by this time next year at least

[Drew Dowdell]

dollar cost averaging.

[CARBIZ]

The entire stock market is down. The 'market valuation' of the United States is probably less than that of Luxembourg. (Okay, I am exaggerating - a bit.)

I've lost $4,500 in mutual funds in the past month. You cannot watch stocks on a daily or weekly basis. Trust me, that will drive you crazy. That is the fun fact about the internet: I can log on at any time and see how much money I 'lost' today. However, I can tell you, in April, when my funds were up over $1,000 in a matter of weeks, I was happy as hell.

We need to take a chill pill.