GM stock... They need Help! - Page 2

SS4EVER · 11-10-2008, 09:18 PM

Yeah, I'm planning on taking a risk and dropping like $600 on GM and Ford stock and then just sitting on it for however long it takes and praying that they come out of this...

kevin2323 · 11-10-2008, 09:51 PM

i wouldnt take that chance....i might sell and take my 500 if the stock drops again tom

fastfret7 · 11-10-2008, 09:54 PM

They should kill the Buick and hummer line. Well, for now..

stovt001 · 11-11-2008, 02:11 AM

Quote:

Originally Posted by SS4EVER

Yeah, I'm planning on taking a risk and dropping like $600 on GM and Ford stock and then just sitting on it for however long it takes and praying that they come out of this...

I'd wait till after the bailout, if any. The bailout would almost be like a stock reset. If you have any before, you'll be wiped out. If you buy afterward...well it depends how effective the bailout is and if GM really takes full advantage of it to be sustainable.

headpunter · 11-11-2008, 02:14 AM

Quote:

Originally Posted by stovt001

I'd wait till after the bailout, if any. The bailout would almost be like a stock reset. If you have any before, you'll be wiped out. If you buy afterward...well it depends how effective the bailout is and if GM really takes full advantage of it to be sustainable.

lolwut?

stovt001 · 11-11-2008, 02:17 AM

OK remember the Fannie/Freddie bailout? Stock went darn near to zero afterwards, and now, well, it's gone up and down, but you're still better off if you had bought it afterwards than before. I'm anticipating the same for a GM bailout.

nester7929 · 11-11-2008, 02:52 AM

The Government would never let GM fall. WAY too many jobs at stake. If you want some GM stock, now may be the time to buy it.

This is just what happens in the market; prices fall, long-time investors sell, new investors buy, and the prices go back up again. If you really want to help GM, buy stock if you haven't already.

*TAG UR IT* · 11-11-2008, 03:13 AM

Shoot. I want to buy their stock. No cash to do so. Said it before and I'm saying it again!

And GM can't close the dealerships. GM does not own the dealerships. Dealerships are privately owned.

kevin2323 · 11-11-2008, 03:49 AM

Quote:

Originally Posted by stovt001

OK remember the Fannie/Freddie bailout? Stock went darn near to zero afterwards, and now, well, it's gone up and down, but you're still better off if you had bought it afterwards than before. I'm anticipating the same for a GM bailout.

yea but fanny and freddy filed for bankruptcy

Txturbo · 11-11-2008, 07:10 AM

Don't buy stock until after the bailout. You will just loose your money.

SS4EVER · 11-11-2008, 10:01 AM

Quote:

Originally Posted by stovt001

I'd wait till after the bailout, if any. The bailout would almost be like a stock reset. If you have any before, you'll be wiped out. If you buy afterward...well it depends how effective the bailout is and if GM really takes full advantage of it to be sustainable.

Quote:

Originally Posted by Txturbo

Don't buy stock until after the bailout. You will just loose your money.

Yeah, guess I'll wait a little longer and see what happens... never thought I'd get financial advice on here, but you guys are right and I actually appreciate it guys!

stovt001 · 11-11-2008, 11:55 PM

Quote:

Originally Posted by SS4EVER

Yeah, guess I'll wait a little longer and see what happens... never thought I'd get financial advice on here, but you guys are right and I actually appreciate it guys!

Remember when the stock hit $10 a few weeks/months back and everyone here was saying it was a fantastic value buy? Yeah be careful with financial advice from internet forums. This is Camaro5.com, not FinancialExperts.com.

kevin2323 · 11-12-2008, 12:08 AM

well if you bought at 10 and saved money to buy now its even better soooo I dunno what your point is...or if you bought and sold when it was fluctuationg between 6-8 then 4-6 you could make some cash. But this is just a forum. Kinda funny how the financial guys pretty much destroyed all their customers money. brokers are almost as bad as internet guys..

headpunter · 11-12-2008, 12:12 AM

Quote:

Originally Posted by stovt001

Remember when the stock hit $10 a few weeks/months back and everyone here was saying it was a fantastic value buy? Yeah be careful with financial advice from internet forums. This is Camaro5.com, not FinancialExperts.com.

it isnt? i must be lost then

11-10-2008, 09:18 PM	#15
SS4EVER Camaro Convert... Drives: 2006 Cobalt SS Supercharged Join Date: Sep 2008 Location: Metro Detroit, Mi Posts: 595 View My Garage	Yeah, I'm planning on taking a risk and dropping like $600 on GM and Ford stock and then just sitting on it for however long it takes and praying that they come out of this... __________________ 4 life! Currently Driving: 2006 Cobalt SS Supercharged

11-10-2008, 09:54 PM	#17
fastfret7 Drives: 2003 Ford Focus SVT EAP Join Date: Sep 2008 Location: Ashburn,VA Posts: 298	They should kill the Buick and hummer line. Well, for now.. __________________ Heroes will be remembered, but legends will never die!! -The Sandlot...I know In my garage: 2003 Ford Focus SVT EAP in Infa-red 1 of 101 1970 EL Camino 454 SS w/ 4 speed muncie Red w/ Blk stripes 2010 2SS/RS Camaro w/hurst 6 spd in black on black w/red rally stripes

11-11-2008, 02:17 AM	#20
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,810	OK remember the Fannie/Freddie bailout? Stock went darn near to zero afterwards, and now, well, it's gone up and down, but you're still better off if you had bought it afterwards than before. I'm anticipating the same for a GM bailout. __________________ "It's kind of fun to do the impossible" - Walt Disney There's a great big beautiful tomorrow shining at the end of every day There's a great big beautiful tomorrow Just a dream away

11-11-2008, 07:10 AM	#24
Txturbo Keeper of the Faith Drives: 2001 Z28 Agressively Join Date: Apr 2008 Location: Rosenberg,Texas Posts: 1,380 View My Garage	Don't buy stock until after the bailout. You will just loose your money. __________________ 2010 Camaro SS R6P 2001 Camaro Z28 1969 Camaro SS clone

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11-10-2008, 09:51 PM	#16
kevin2323 Drives: challenger Join Date: Jul 2008 Location: miami Posts: 2,338	i wouldnt take that chance....i might sell and take my 500 if the stock drops again tom

11-11-2008, 02:52 AM	#21
nester7929 Rice Harvester Drives: 2014 Bright Yellow 2SS/RS Join Date: May 2008 Location: Plainview, TX Posts: 1,449	The Government would never let GM fall. WAY too many jobs at stake. If you want some GM stock, now may be the time to buy it. This is just what happens in the market; prices fall, long-time investors sell, new investors buy, and the prices go back up again. If you really want to help GM, buy stock if you haven't already.

11-11-2008, 03:13 AM	#22
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,544 View My Garage	Shoot. I want to buy their stock. No cash to do so. Said it before and I'm saying it again! And GM can't close the dealerships. GM does not own the dealerships. Dealerships are privately owned.

11-12-2008, 12:08 AM	#27
kevin2323 Drives: challenger Join Date: Jul 2008 Location: miami Posts: 2,338	well if you bought at 10 and saved money to buy now its even better soooo I dunno what your point is...or if you bought and sold when it was fluctuationg between 6-8 then 4-6 you could make some cash. But this is just a forum. Kinda funny how the financial guys pretty much destroyed all their customers money. brokers are almost as bad as internet guys..