Tuesday, November 11, 2008

GM breaks $3

Currently trading $2.80 it looks like someone cut their brake lines at the top of a steep hill. It's hard to believe, but GM was trading at almost $30 in January of this year!

How long before GM is kicked out of the Dow Jones Industrial Average? Who will replace them? Maybe Cisco? They have a tendency to add stocks at their peak so Cisco would be a break from their normal pattern.

3 comments:

hesslei said...

GM will invest US$3 billion to expand operations in China in the next three years, a massive outlay of capital that will enable it to
double is output in the country that is home to one of the world's fastest-growing economies. GM, the world's leading automaker, and its partners will introduce some 20 new vehicles, including American-made Cadillacs, into the Chinese market, expand manufacturing capabilities there and set up a new auto financing joint venture. The investments, which come on top of $2 billion already spent, will enable GM to boost annual capacity in China to 1.3 million vehicles by 2007.

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hesslei...........

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