G.M. stock has gone up $3.28 on the news.

 

It takes some pretty significant news to have your stock go up the same day you post a $1.1 billion loss.

 

So that means that GM will be footing $3 bil in health care next year? $5 bil to start with, shave off $3 bil, then add in their contribution to the VEBA, $1 bil?

 

Wait, so if this announcement had taken affect last year they could have actually posted gains instead of losses? Wow... interesting. Sounds like great news. What did the union gain from this? A better chance of actually having a company to work for at all in 10 years?

 

where are you guys seeing it going up $3?
edit: ok, for some reason the google stock page is loading with everything offset to the bottom of the page. It seems that the day started off 3$ higher. If someone doesn't mind educated me real quick, who decides what the stock is worth? It also seems the ford and dcx went up to.

 

GM is up 12% because of the union deal, even though they lost $1.6 Billion

 

That is some funny ****.

 

To oversimplify it, it's just based on how many people are willing to pay for the shares at each price point and how many people are willing to sell shares at each price point; then factor in the supply of people willing vs the demand of people buying.

 

That's it! Go stand in the corner and write "I will never even THINK of Camaro and Renault together in this lifetime!" 1,000 times............

 

Yeah, I've heard of that one. That's the Aveo based five door "coupe" three cylinder Hybrid, no?

 

Heh, it does make some kind of ironic sense though, Camaro being a French word and all.

 

That reminds me of the time my friend called the local Chevy dealership for a part for his Corvette. The lady asked him if it was a CHEVROLET Corvette. He said "no its a KIA Corvette". This lady actually worked at the dealership.
That was some funny stuff.

 

 

Seems almost insider traderish how Kerkorian bought an extra 2.1 million shares of a company only 5 days before it posts news/a gain like it did today.

I'm not saying it was insider knowledge, but that is a damn nice coincidence considering $3 a share increase on roughly 21 million total shares (I think it is around there) is roughly $70 million profit in one day.

Wish it were me!

 

Perhaps he just sees what other people, like Guy, see: That GMs assets currently are much larger than its predicted worth. If I had money that wasn't already invested in a nice safe account that I could just play with I would sure put some into GM, but alas I don't.