"We have some people on this board that think the media has no effect on stock price."
There's a difference between news and pumping. Clearly the difference is lost on you.
"And ZF just bought TRW a little bit ago."
That's right. There's quite a bit of consolidation going on in the supply sector these days. More than in the past several years since 2009. These make sense to me. For instance, Magna has played in the manual transmission business with their New Process Gear activity, but the acquisition of Getrag puts them in their fore front of the market. The Hagenmeyer family has been trying to sell it for several years now, without any success. This goes back about 8 years. There have been several close calls, but it looks like we may have a closing this time.
"For all those who said a Merger between GM and Fiat was likely..."
It's always good to see some of those posts to be able to differentiate between those who get it and those who don't. Obviously the market wasn't fooled by it.
FCA has a huge problem...and they're admitting it now finally. They have not invested sufficiently in new non ICE technology to meet the 2025 fuel economy standards. It should be obvious to anyone that can sit up and take nourishment that there will have to be a different kind of power train technology required whether consumers want it or not. FCA has run out of time. So their choice is now to stop selling in the U.S. or merge with someone else. Problem is they have nothing to offer a company like GM. No technology, no entry into different markets, and certainly not a financial incentive.
They may find someone, but I don't think it will be anyone that currently sells in the U.S. or Europe.
Having said all that, sometime a small group of shareholders can force a company into an action that makes no sense for the company, i.e., the extortion of billions by Harry Wilson and his band of thieves. But I don't see that happening in this case.
""I take it the you never watched CNBC."
So how do you know CNBC is guilty of manipulating the Market."
Jeye...you're getting confused. YOU are the one that says CNBC manipulates the market, not me.
I'm the one that says anybody with half a brain doesn't CARE what CNBC says. Anyone with half a brain doesn't need somebody else to tell them what to do. They do their own research.
Are we clear on that now. Just remember, YOU are the one with the media paranoia.
"Hmm! Two guilty pleas and a not guilty! But, notice that the not guilty plea contains a weasel clause. What, exactly, does "not directly" mean?"
I probably have some buried in a mutual fund or variable annuity that I own. I don't even know.
I had to laugh how PM walked right into it this morning. I see he's doing his disappearing act. Actually, I was kind of flattered. He couldn't believe I was THAT stupid. That's the nicest thing he ever said to me.
"I take it the you never watched CNBC."
You take it correctly.
"You may also be invested in GE."
I am not directly invested in GE.
"You was also at GM when Dateline sabotage GM trucks."
Yes, 22 years ago I was with GM.
"And didn't pay Federal Income taxes. GE got got bail out by the tax payers no big Headline story. Even Warren Buffett invested $10 billion in GE to help save them in 2009"
If you are going to change the subject from the media to GE, go ahead. I'm not going to participate. Hopefully, you've learned something from this. If not, well, go about your merry way.
BTW, GM hasn't paid Federal income tax for a while either.
"All I'm saying the media isn't fair."
No you aren't. Would you like me to go back and quote you?
You are saying that the media controls the market. That's simply not true. Results control the market, at least in the long term. The sooner you realize that, the better chance you have of becoming a successful investor.
"The media will brain wash the people to their agenda, it doesn't have to be the stock market either."
Only the weakest minds.
"really? come on did someone hijack your yahoo id???"
Absolutely not. GE was mentioned on CNBC 42 times yesterday. That's why it's up 7.8% CYTD vs GM is down 12.2%. It's all about the CEO being out there hyping their company.
GE's success has NOTHING, I repeat NOTHING to do with the fact that it earned $15.2B compared to GM's $4.0B.
"really? a tv show? it's all gm management's fault..."
No it's not. Everyone knows that CNBC controls the market. The most successful CEOs spend a good part of their time influencing the big investors by tweeting positive news on their companies. It almost always works.
"I have Noticed a Downward trend, every blessed week it sheds some shareholder value."
It's all CNBC's fault.
"While GM is down 15% in just three weeks."
Jeye, you are invested in the wrong company. If you believe that media hype is the key to stockholder value, and you apparently do, you need to invest in a company that does that. GE, TSLA, or some other company like that.
For me, I will invest in instruments that have shown results. Good luck to you and your investment strategy.
"Sure that is why CNBC and MSNBC according to my TV eyes said they talked about GE 42 times today."
Why don't you look up how well all this "pimping" is doing for GE, say for the past couple of years. Let me know.
"GE one of its biggest Div now is Energy this is why Guys like TBoone and John Kilduff are on to Pimp for oil traders"
GE doesn't have anything to do with NBC now. I'm afraid you're doomed to be a small trader jeye.
"LOL, typed like a real child. I guess you are going to tell me your dad can beat up my dad too?"
You're right Questy. I don't know if that's the dumbest post ever, but it's certainly in the top 5.
"The only thing I know about in Austin is an IT Innovation Center. Do you have more info on the plant you are talking about?"
That's all they have in Austin, the poster got it wrong. It's only about 350,000 square feet which would be a VERY small plant.
"Jack Welch bought his own Network to Pimp the GE stock. Look at GE before before Jack bought CNBC years of flat line."
Get your facts straight. GE bought NBC in 1986, 5 years after Jack Welch became CEO in 1981. GE stock started going up immediately after Welch took over. Between 1981-1986, GE stock went up from around $1 to $4.50 (350%). When they bought NBC in 1986, the stock actually stagnated until 1991 when it started going vertical. So when GE acquired RCA (and NBC with it) in 1986, it was a dead stock for 5 years.
As I said, GE started going vertical in 1991 going from $5 to $50 in 2000. Then when Jack Welch announced his retirement in 2000, the stock was at about $50. It immediately fell to $10 in 2009. GE owned most of NBC this whole time until Comcast bought GE's last stake in 2013.
Facts screw up a good story, don't they?
Thinking that a company's stock is determined by it's PR is superficial and just wrong. Investors influenced by what they see on daytime television don't matter. The investors that do matter study 10K's, understand both industry and macro trends, and are frankly, a lot smarter than small investors. They are not influenced by tweets....not even a little.
"Lost in the report he lowering the price of the Model S, doesn't sound good for sales."
Sounds great for sales, sounds lousy for profits unless he can lower costs more.