Buying cheap stocks

Jiu Jitsu Jon · 10-17-2008, 12:44 AM

Hypothetically speaking, if one were looking to take advantage of the currently rock-bottom share prices of companies like GM & Ford, knowing that these stocks will go back up sooner or later, what other companies do you think would be a cheap investment?

I mean c'mon. Before trader commissions and what have you for $100 you could get about 50 shares of Ford or 20 of GM.

Jiu Jitsu Jon · 10-18-2008, 12:44 PM

bump

*DGthe3* · 10-18-2008, 12:55 PM

Patience. If people have an opinion, they will share it. But friday, saturday, and sunday are the three slowest days around here.

diddiyo · 10-18-2008, 01:09 PM

The economy hasn't bottomed out yet.

*CamaroSpike23* · 10-18-2008, 01:10 PM

you shoulda bought shares before the pricing was released.

Maddog78 · 10-18-2008, 02:13 PM

I would buy oil co. or oil co. service company stocks.
Oil will rebound once the fundamentals sort themselves out.

I would wait on GM and Ford stock.
Too many unknowns. The way those two are burning through their cash reserves there is a very real possibility they could file for bankruptcy, meaning the co. may not dissapear but your shares could become worthless.
This probably isn't what people on a Chevy site want to hear but that is the reality of their balance sheets.

*The_Blur* · 10-18-2008, 02:29 PM

I'd be more eager to try GM than Ford right now. GM has had more press and positive publicity, which influences trading.

One impressive company that tends to defy a bad market is Chipotle Mexican Grill. That company is quickly growing and tripled in value last year.

Mr Twisty · 10-18-2008, 09:25 PM

Hang out at some stock market forums, ask questions, listen. We're just a bunch of dumb motorheads. It's a whole new world and language, and as soon as you figure it out it'll change and ride ya hard n put ya up wet.

Buy at maximum pessimism...Wish I could take credit for that but I can't. When is that? Only you can decide.

Never, EVER, invest money you can't afford to lose...NEVER!

If you've never played the stock market before, try some paper trading. (Imaginary money) ... When you start using your hard earned bucks I promise you this...It's gonna freak you out when it nose dives, you better have serious big cahoneys. Sometimes I think rich cats follow me around and sell immediately after I buy, dropping the price.

Be careful when you read about someone hyping a particular stock, especially pennies, they may be pulling a 'pump-n-dump' Hype the stock saying it's gonna quadruple, folks buy in, it shoots up, he sells, it drops, you're screwed.

You still want me to recommend a stock???

ucla1ove3 · 10-18-2008, 09:29 PM

buy chipotle, its amazing food and they are ever expanding.

EU4IC · 10-18-2008, 10:27 PM

Buy stock in Technology. Companies like RIM and Apple go on high/low cycles. Right now is a good time to buy RIM because its rock bottom, but once the Storm on Verizon and the Bold on At&t get released, it'll shoot back up. Hop on NOW

Mr Twisty · 10-19-2008, 11:06 AM

DD...Due Diligence...Do your homework before taking anyone elses advice on a particular stock.

CamaroScotty · 10-19-2008, 11:11 AM

I bought 500 shares of PQ Friday morning at 8 each....sold at about 3, for 10 each. Didn't sell any cars, but I made over $900

I expect this stock to bounce up and down some more before going back up. Buy low, sell higher. I may have to be a day trader until the Camaro comes out!

lafountain · 10-19-2008, 01:30 PM

There is a dealership in Texas that apparantly is offering 50 shares of GM stock if you buy a new car.

Deal is available to the first 100 customers to buy a new GM vehicle.

http://jalopnik.com/5065309/texas-de...es-of-gm-stock

Jiu Jitsu Jon · 10-20-2008, 12:26 AM

Quote:

Originally Posted by ucla1ove3

buy chipotle, its amazing food and they are ever expanding.

Of course, when the economy tanks, people still want burritos. It's good stuff, but you won't wanna be around me the rest of the day...

Quote:

Originally Posted by MisterCamaro69

DD...Due Diligence...Do your homework before taking anyone elses advice on a particular stock.

Due Diligence...I saw that term when looking at houses recently...those were houses where people ripped things out of the wall and left the carpet dirty...lol

Quote:

Originally Posted by lafountain

There is a dealership in Texas that apparantly is offering 50 shares of GM stock if you buy a new car.

Deal is available to the first 100 customers to buy a new GM vehicle.

http://jalopnik.com/5065309/texas-de...es-of-gm-stock

Aha, but are they MSRP or less?

10-17-2008, 12:44 AM	#1
Jiu Jitsu Jon East bound and down Drives: 2005 Cyclone Grey GTO (M6) Join Date: Apr 2008 Location: Springfield, MO Posts: 400	Buying cheap stocks Hypothetically speaking, if one were looking to take advantage of the currently rock-bottom share prices of companies like GM & Ford, knowing that these stocks will go back up sooner or later, what other companies do you think would be a cheap investment? I mean c'mon. Before trader commissions and what have you for $100 you could get about 50 shares of Ford or 20 of GM. __________________ BITCHIN' CAMARO, BITCHIN' CAMARO!

10-18-2008, 12:44 PM	#2
Jiu Jitsu Jon East bound and down Drives: 2005 Cyclone Grey GTO (M6) Join Date: Apr 2008 Location: Springfield, MO Posts: 400	bump __________________ BITCHIN' CAMARO, BITCHIN' CAMARO!

10-18-2008, 12:55 PM	#3
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Patience. If people have an opinion, they will share it. But friday, saturday, and sunday are the three slowest days around here. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

10-18-2008, 02:29 PM	#7
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	I'd be more eager to try GM than Ford right now. GM has had more press and positive publicity, which influences trading. One impressive company that tends to defy a bad market is Chipotle Mexican Grill. That company is quickly growing and tripled in value last year. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

10-18-2008, 09:25 PM	#8
Mr Twisty Drives: the 2nd amendment home Join Date: May 2008 Location: OK Posts: 14,763	Hang out at some stock market forums, ask questions, listen. We're just a bunch of dumb motorheads. It's a whole new world and language, and as soon as you figure it out it'll change and ride ya hard n put ya up wet. Buy at maximum pessimism...Wish I could take credit for that but I can't. When is that? Only you can decide. Never, EVER, invest money you can't afford to lose...NEVER! If you've never played the stock market before, try some paper trading. (Imaginary money) ... When you start using your hard earned bucks I promise you this...It's gonna freak you out when it nose dives, you better have serious big cahoneys. Sometimes I think rich cats follow me around and sell immediately after I buy, dropping the price. Be careful when you read about someone hyping a particular stock, especially pennies, they may be pulling a 'pump-n-dump' Hype the stock saying it's gonna quadruple, folks buy in, it shoots up, he sells, it drops, you're screwed. You still want me to recommend a stock??? __________________ "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -- Benjamin Franklin lib·er·ty /ˈlibərdē/ noun 1. the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views

10-18-2008, 01:09 PM	#4
diddiyo Drives: . Join Date: Jun 2008 Location: . Posts: 3,048	The economy hasn't bottomed out yet.

10-18-2008, 02:13 PM	#6
Maddog78 Drives: 1969 Z28 Join Date: Mar 2008 Location: BC Posts: 378	I would buy oil co. or oil co. service company stocks. Oil will rebound once the fundamentals sort themselves out. I would wait on GM and Ford stock. Too many unknowns. The way those two are burning through their cash reserves there is a very real possibility they could file for bankruptcy, meaning the co. may not dissapear but your shares could become worthless. This probably isn't what people on a Chevy site want to hear but that is the reality of their balance sheets.

10-18-2008, 09:29 PM	#9
ucla1ove3 Drives: soon to be 2010 CAMARO :] Join Date: Aug 2008 Location: houston, tx Posts: 1,283	buy chipotle, its amazing food and they are ever expanding.

10-18-2008, 10:27 PM	#10
EU4IC Drives: 1995 Chevrolet Impala SS Join Date: Jul 2008 Location: South Carolina Posts: 55	Buy stock in Technology. Companies like RIM and Apple go on high/low cycles. Right now is a good time to buy RIM because its rock bottom, but once the Storm on Verizon and the Bold on At&t get released, it'll shoot back up. Hop on NOW

10-19-2008, 11:06 AM	#11
Mr Twisty Drives: the 2nd amendment home Join Date: May 2008 Location: OK Posts: 14,763	DD...Due Diligence...Do your homework before taking anyone elses advice on a particular stock. __________________ "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -- Benjamin Franklin lib·er·ty /ˈlibərdē/ noun 1. the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views

10-19-2008, 11:11 AM	#12
CamaroScotty Account Suspended Drives: Your new SLP Camaro! Join Date: Jul 2008 Location: Cedarburg, WI Posts: 6,790	I bought 500 shares of PQ Friday morning at 8 each....sold at about 3, for 10 each. Didn't sell any cars, but I made over $900 I expect this stock to bounce up and down some more before going back up. Buy low, sell higher. I may have to be a day trader until the Camaro comes out!

10-19-2008, 01:30 PM	#13
lafountain Drives: 2011 Synergy Green 2SS/RS Join Date: Mar 2008 Location: Lexington Park, MD Posts: 882	There is a dealership in Texas that apparantly is offering 50 shares of GM stock if you buy a new car. Deal is available to the first 100 customers to buy a new GM vehicle. http://jalopnik.com/5065309/texas-de...es-of-gm-stock __________________ Hey, you want to lay the fate of the world on the kid's Camaro? That's cool. I bought a car, turned out to be an alien robot. Who knew?