Comments on: Goldman Sachs downgrades GM stock, readjusts price targets

By: TOZO

TOZO — Fri, 27 Jun 2008 15:22:40 +0000

Goldman Sachs is one to talk. Its stock fell from the late October high of $250 per share to about $175 now. Maybe they should downgrade themselves.

By: xyunya

xyunya — Fri, 27 Jun 2008 14:50:32 +0000

^^^there is a line of Goldman Sachs executives waiting for the honor

By: bigp

bigp — Fri, 27 Jun 2008 05:19:14 +0000

he can kiss my ass about ford

By: xyunya

xyunya — Thu, 26 Jun 2008 21:43:20 +0000

BTW, the price reduction to $11/share occurred today 6 months ahead of prediction

By: xyunya

xyunya — Thu, 26 Jun 2008 20:57:34 +0000

injunraiv, what’s there to read? GM is in shit house as far as Wall Street concerned. And it is because Main Street refuses to purchase GM goods (or no-goods).

I feel for Kerkorian. If he would not waste cash on Ford (that cash I think keeps stock in neutral) he could bought GM board out and personally delivered pink slips to Putz@xyunya and Wagoner.

By: xyunya

xyunya — Thu, 26 Jun 2008 20:53:12 +0000

Hey SickofGarbageMotors, I want to warn you that I have copyright on “Putz!”. I pegged him first .

By: SickofGarbageMotors

SickofGarbageMotors — Thu, 26 Jun 2008 20:38:31 +0000

How long before Putz and Wagoner take their golden parachutes and run? At the rate of bad news that’s been going around at GM lately, I would expect at least one of them is pitching resumes right now.

By: injunraiv

injunraiv — Thu, 26 Jun 2008 19:19:51 +0000

I don’t think driven even read the article…

By: driven

driven — Thu, 26 Jun 2008 18:07:10 +0000

I can’t wait to hear the GM fanboys on this one.

I have to admit I would have pegged Chrysler as the first one to fall & be bought out. But it appears – if this story is accurate – that Ford or more likely GM will be the one bought out.

By the way this GM talk has been going on for weeks on Wall Street. Read the Journal or watch CNBC. Golden Slacks is just the first company to take action and downgrade. All the investment company reps have been bashing GM for a while so they are all on the verge of a similar official downgrade against GM.

By: xyunya

xyunya — Thu, 26 Jun 2008 18:04:31 +0000

I would purchase Goldman Sachs shares, if I were you boys. Their shares are going up (if not today tomorrow). GM is old news, if you watch market it is already 50% of what it was. And there is absolutely no reason for it to go higher: just listen what Wagoner says. Except for Honda, all auto shares going to be in the crapper for the next 12-15 months.

By: HoosierHero

HoosierHero — Thu, 26 Jun 2008 18:01:36 +0000

Wow, are you guys big holders of GM stock or something? GS does this all the time. It tells the public who’s performing and who’s not. That in turn adjusts their stock on the market. If GM was run better they wouldn’t have this problem. Maybe you guys should invest in oil. I hear it’s going to be huge!

By: HemiRoadRunner

HemiRoadRunner — Thu, 26 Jun 2008 17:50:59 +0000

Brass Monkey is the perpetuator of @$$ kicking. Screw goldman sachs, it must be nice to screw with companies as much as they do while companies are working their @$$’s off and goldman sachs just sits there and finds things to nit pick about. What a great job that must be, heebs.

By: F451

F451 — Thu, 26 Jun 2008 17:33:47 +0000

BrassMonkey, for once I agree with you. There is soooooooo much market manipulation that is has become pathetic. Greenspan did irrefutably damaged the system while hanging-out with the power brokers; he will prove to be one of the biggest losers in fiduciary history.

By: brassmonkey

brassmonkey — Thu, 26 Jun 2008 16:59:07 +0000

Thanks, Goldman, for the dry fuck. As of 9:55 am PST, the Dow is down 239 to 11,572! Thanks again, douchebags. Every time you or the old fuck Greenspan open your mouth, the Dow drops like a stone. Thanks. Next time, at least give us a fucking reach-around!

By: johnnycanuck

johnnycanuck — Thu, 26 Jun 2008 16:25:00 +0000

Dive! Dive! Dive!

By: F451

F451 — Thu, 26 Jun 2008 16:01:36 +0000

This party is starting to run short of beverages…