Federal Moguel was trading at $60 in about 1999. Lots of people bought it at $30. Lots bought it at $15, $7.50, $3.75, $2, $1. Cant go any lower right? A buddy of mine and myself used to do a lot of stock trading. We always used to laugh about the can't go any lower saying. We used to have one too. If it isn't to zero yet it can and will go lower! I bought some federal moguel at $25 and sold it at $30. Then I bought it 6 months later at $20 and sold it at $15! It went to zero. Buying individual stocks is rissssssssky! Only do it with money you can afford to not have. Gm could be ok. It would be better if they had a flying car that burned CO2.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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