I put my money where my mouth is...........

It will still happen Mike. The fact is oil has come off by $100 per barrel in less than 5 months. It can add on $100 per barrel in under 5 months just as easily. That means we could be back to $147 oil as soon as April next Spring. I expect however that it will take to July to reach that level, but would not be surprised to see it if it happened by April.

They might get help> I live in California Bay Area and lots of people say no we do not need to bail them out .
My opinion is that you have a these manufacture sites in the small midwest areas.
You have this  one big plant where the father  the mother the kids all work there and if that shuts down on those small towns  coffee shops grocery stores gas stations meaning there  small economy also shuts down. More job cuts leading to depression.
This is what I think is going to happen. Make the bailout difficult. So there are cutbacks of jets and bonusses like that. If they get that bailout thay have to run lean and mean.
I need to buy some stock a well ! There stock will go back up!!!!!

I sold my shares this morning for $4.80/share.

Made over $4000US for a 2 week investment. Not bad.

I decided the time was right to sell after seeing that 60% of the public was against a bailout.

Edited by Superglide Ken - 04/December/2008 at 6:57pm

He just might have to pay taxes this year.  

Well that was quick! I saw the price dip below $4 for GM stock this morning, so bought 10,000 shares for $3.90 per share.

Looks like a restructuring OUTSIDE of bankruptsy is likey to take place and GM is going to get some money after all. I can't let this opportunity get away so I am in again.

Superglide Ken wrote: It will still happen Mike. The fact is oil has come off by $100 per barrel in less than 5 months. It can add on $100 per barrel in under 5 months just as easily. That means we could be back to $147 oil as soon as April next Spring. I expect however that it will take to July to reach that level, but would not be surprised to see it if it happened by April.

Dropping further still and industry experts (those with the experience to render accurate decisions) say oil is going down to $25 a barrel before spring.

So Ken, you can predict the sky is the limit, those in the know can say we have not seen a bottom yet and that we are in a downward economic spiral expected to worsen over the next 2 years (a deep recession they call it) globally and we can choose who to believe.  I am putting my money on the "we ain't seen the worst yet" group who have helped steer the price of gas lower and enjoy the $1.71 we are at now and made Walmart where America (and China) shop.

The only way down looks up to anyone is if their viewpoint has sunk to the bottom.

Oil will make a good long-term investment, regardless.  The lower it goes the more attactive it becomes. Following Kenny's advice up to this moment (including last month, especially), however, would have lost you a fortune. Kenny took positions then, according to him, and the math on that is a loss between 40-80%, depending upon when you took his advice.  What a moron!