https://www.marketwatch.com/data-news/general-motors-co-stock-outperforms-competitors-on-strong-trading-day-a0a522f4-58430b5edf60
8 replies (most recent on top)
Eventually, reality sets in.
GM will not earn enough to buy back more stock to keep it (the stock) afloat.
I believe it will take a 50% haircut by the end of next year. In 2012, GM stock was below $20. There are parallels.
In 1988 Ford stock was $9.40. Today, 36 years later it’s worth $12.36.
GM in 2010: $36. Today 14 years later is $40. Almost no growth and very little dividends. Non starters. Sad.
In case you’re wondering, the $10 billion in stock buybacks is almost done. I sold my stock last month at $39.85 (3500 shares). Yes the price did go up, but it is now back down. I think it will stay around $40. I will invest my money somewhere else.
Wow, great post. We think alike and I agree on all points.
The greatest wealth transfer has already started but the zombies are too busy playing with their phones to notice.
Record Debt + Record Inflation + job losses + authoritarian market manipulation = Most will get crushed.
“It’s different this time.”
It's always funny to hear how the talking heads always "tell" the sheep what to do with their money, gaslighting them into their own demise. Anyone else remember GM stock $60 per share in 2021, but today is suddenly a great deal? It's always perspective.
The truth of the matter is if you can TA and read stock charts, you can see price before price heads where it's going. GM is bumping it's head on resistance, meaning it's more probable price goes down, then it goes up, at least long term. This run up will never surpass $60 per share, as this is nothing more than a dead cat bounce.
Like all markets, high tides rise a boats. With that said, many tickers, including the magnificent seven, are teetering on so damn overbought their prices points are nuts. Case in point, Costco stock has traded outside of the BB's for the last four months. Open and closed outside of the BB's three of those months. 95% of ALL trades occur "within" the BB's. So, yes, we've reached the extremes across MANY tickers. GM, Ford, Stellantis, META, Apple, Netflix, Google, GE, Microsoft, Nvidia, etc, loony toons on the charts.
Good luck. Rug pull incoming very soon.
"You will own nothing and be happy" time is coming soon. Do you know what they meant by it? They're about to steal all value from the stock market, including your 401k's. Go learn something. It's not my money, and it doesn't effect me whether you prosper whether I share this information. Think about it.
Our computer model simulation shows that a 10% GM stock growth over 14 years is outperforming the market. We highly encourage you to avoid comparisons of GM stock before the $10 billion stock buyback. That kind of research will result in misinformation. Please consult GM's annual report for facts and figures.
They're doing $10 billion in stock buybacks to pump up the price. I'm not arguing. I'm just saying.
December 1, 2010: GM stock price was $36.86
February 28, 2024: GM stock price was $40.63
If you invested $10,000 in December, 2010, you would have $14,474 today.
Contrast:
December 1, 2010: Apple stock price was $12.61
February 28, 2024: Apple stock price was $181.42
If you invested $10,000 in December, 2010, you would have $186,135 today.
Contrarian information brought to you by LPG
Yet its been since 2010 and my stock isn't returning like Costco stock.