To Buy or Not to Buy GM

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Well, it was up 170% before they halted trading and fixed the price. Take a look at the google forums for GM... you'll see what I mean. What a cruel joke that wouldve been to people who owned stock in GM
 
I'm waiting until Fiat buys Chrysler and then I'm going to buy a Viper, a proper Italian sports car, and then crash it somewhere in Ohio after staying the night at Ryan Eagle's house.

And as far as the GM stock goes, no, buy lottery tickets instead.
 
schockergd said:
Guess you don't read the news much?

The US government is pretty much making GM into a complete meltdown of shareholder funds. They're giving themselves all the controling interest and diluting share value.

No , do not buy government motors, don't buy any auto company outside of shorting , becuase the US government is rewarding the unions for votes. The US Gov could easily run out all the other auto companies and own the only company in the US.

Bad times for communist america.
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Yeah because GM was so good at running their company themselves.
 
If you believe that GM won't go bankrupt, go buy them. You'll earn some cash from speculations as City Bank speculators have in previous months. If they won't go bankrupt then there is only one way to go, and that's up! However, recovery of GM might happen now, in one month time, in one year time or even later.

If you think that US government will let GM down, then don't buy them.

Anyway, don't invest all, don't expect that money back (and you might be pleasantly surprised)...

The main principle of speculation is to buy low and sell high. It's not to buy when it's growing and sell when it's falling...
 
Nemesis said:
If you believe that GM won't go bankrupt, go buy them. You'll earn some cash from speculations as City Bank speculators have in previous months. If they won't go bankrupt then there is only one way to go, and that's up! However, recovery of GM might happen now, in one month time, in one year time or even later.

If you think that US government will let GM down, then don't buy them.

Anyway, don't invest all, don't expect that money back (and you might be pleasantly surprised)...

The main principle of speculation is to buy low and sell high. It's not to buy when it's growing and sell when it's falling...
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So true you don't know whats going to happen. If you have some money to play with and don't mind losing why not? I'm not saying GM is a good bet but there are plenty of stocks out there that are.

When they were talking about citi going under there stock was just under a dollar now its trading at above 3.50 so a 350% ROI in a couple of months. I mean I personally bought some BAC at 3.00 and now its trading in the 11's. There is def money to be made in the stock market right now. And i'm surprised there isn't very many day traders that also do AM. Cause it seems like a lot of you are scared of the risk.
 
Cut said:
So true you don't know whats going to happen. If you have some money to play with and don't mind losing why not? I'm not saying GM is a good bet but there are plenty of stocks out there that are.

When they were talking about citi going under there stock was just under a dollar now its trading at above 3.50 so a 350% ROI in a couple of months. I mean I personally bought some BAC at 3.00 and now its trading in the 11's. There is def money to be made in the stock market right now. And i'm surprised there isn't very many day traders that also do AM. Cause it seems like a lot of you are scared of the risk.
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I like risk I can control.
 
... closed down 33% today to .75c on their way to 0 ... GM filing BK on Monday.

These traders would have had better odds at the roulette wheel betting on black or red @ 47%
 
Times like these make millionaires on stocks.
Its a gamble, but when it comes to buy low sell high, you can't buy much lower...
What investment doesn't have some sort of risk. Just don't bet your entire savings.
 
A mate of mine bought GM on thursday. Friday it was down by 33 %.
 
I feel sorry for all the suckers who think they can get rich in a bear market, trying to ride bull moves.

THE BULL MARKET IS OVER.

YOU WILL LOSE YOUR SHIRT IF YOU DON'T KNOW WHAT THE FUCK YOU ARE DOING.
 
Has nothing to do with a bear or bull market. You can get rich in a bear market just as easily as in a bull market.

It's about understanding shareholder value.
 
It is as pocketrockets says. Currently I am trading in CFDs, so I can go short as easily as long. :)
 
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