Chevrolet Corvette Stingray C7 Forum - View Single Post - OT-Any GM employees/retirees-GM IPO

el ess A · 11-18-2010, 05:53 AM

Big risky move IMO. I hope I'm wrong, but there's still way too much baggage with GM as a business coupled with the fact that even if the fed sells some stocks, we still own 40% of GM. Not what a lot of investors have faith in.

If you buy it at 33 or thereabouts, be prepared to keep it for a while. Or dollar cost average to keep the pain minimal.

Remember, when it comes to investments, keep your emotions out of it. You will likely lose your shirt if you don't.

I hope I'm wrong.

11-18-2010, 05:53 AM	#6
el ess A Older Than Dirt Drives: 2010 & 2013 Camaros Join Date: Apr 2010 Location: Aiken, SC Posts: 4,684	Big risky move IMO. I hope I'm wrong, but there's still way too much baggage with GM as a business coupled with the fact that even if the fed sells some stocks, we still own 40% of GM. Not what a lot of investors have faith in. If you buy it at 33 or thereabouts, be prepared to keep it for a while. Or dollar cost average to keep the pain minimal. Remember, when it comes to investments, keep your emotions out of it. You will likely lose your shirt if you don't. I hope I'm wrong. __________________ 2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54