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Old 04-24-2009, 09:14 AM
 
Location: Sinking in the Great Salt Lake
13,145 posts, read 20,640,953 times
Reputation: 14056

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Yet another sign of how screwed up the world is. People are celebrating (in the media anyway) that Ford lost *only* 1.4 billion in the 1st quarter. Stocks went up. WTF?!!!



http://www.latimes.com/business/la-fi-ford-earnings25-2009apr25,0,7128570.story (broken link)

Last edited by Chango; 04-24-2009 at 09:19 AM.. Reason: added link
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Old 04-24-2009, 09:46 AM
 
Location: San Jose, CA
7,688 posts, read 27,091,858 times
Reputation: 3599
I wouldn't be too surprised.. the stock price only went from horrible to terrible.
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Old 04-24-2009, 09:50 AM
 
9,840 posts, read 20,702,111 times
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Guess I sold my stock too early. I bought in at $2.00 and sold once it hit $4.20.
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Old 04-24-2009, 11:07 AM
 
Location: Great State of Texas
86,068 posts, read 77,445,836 times
Reputation: 27656
Yipee..the glass is only half empty
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Old 04-24-2009, 08:57 PM
 
48,507 posts, read 89,414,259 times
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I thniits lie the business that loses half of waht they di on sales thatwere wporse overall for the auto industry. Also Ford saying that tehy will not need loans in teh coming year.
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Old 04-25-2009, 06:03 PM
 
Location: Rockland County New York
2,984 posts, read 5,466,621 times
Reputation: 1295
Quote:
Originally Posted by Chango View Post
Yet another sign of how screwed up the world is. People are celebrating (in the media anyway) that Ford lost *only* 1.4 billion in the 1st quarter. Stocks went up. WTF?!!!



Ford loses $1.4 billion but beats expectations - Los Angeles Times (http://www.latimes.com/business/la-fi-ford-earnings25-2009apr25,0,7128570.story - broken link)
Now everyone knows by now that the market is being inflated or manipulated when news like this is being reported.
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