doing our part to save GM - Page 2

tylermoore · 03-08-2009, 10:12 PM

yeah thats true i can understand that i would probably invest half when the time was right and then if it fell even lower you can invest another protion and buy more stocks and just watch the wave and sell and buy and make a killing i just dont have enough money to make money if you follow me

PQ · 03-08-2009, 10:18 PM

Quote:

Originally Posted by tylermoore

yeah thats true i can understand that i would probably invest half when the time was right and then if it fell even lower you can invest another protion and buy more stocks and just watch the wave and sell and buy and make a killing i just dont have enough money to make money if you follow me

I allways sucked in Vegas. I have enough to make some good money but I don't have enough to survive very long with setbacks. Plus I've never done it so I probably should stay away but I was just kinda kickin the idea around a little.

tylermoore · 03-08-2009, 10:21 PM

i bought some penny stocks for like .014 a share and i bought only 3000 ($40)shares and the price was .024 ($72)when i sold them like 5min ago there is alot of money to be had there but i dont watch/care enough about the market to make all that money.

dbotsfordtat · 03-09-2009, 11:44 AM

No way I would buy GM common stock, if they go chapter 11 you lose everything, you shouldn't invest based on emotions, they won't show any when they write you off in bankruptcy. You might consider prefered shares (GME) they may survive bankruptcy and they were paying a dividend, but IMO there are too many solid companies with low share prices now to even consider any GM stock.

*Mr. Wyndham* · 03-09-2009, 11:51 AM

A friend of mine put in about 100 bucks, and I'm going to...when I have 100 bucks to toss around. :(. It'll sure pay off when they shoot back up.

Rallysport · 03-09-2009, 12:39 PM

As long as the anti-capitalists now running the "gubment" are in office, I will not invest another freaking dime in the stock market.

PQ · 03-09-2009, 02:42 PM

Quote:

Originally Posted by Dragoneye

A friend of mine put in about 100 bucks, and I'm going to...when I have 100 bucks to toss around. :(. It'll sure pay off when they shoot back up.

I can't remember what the high was but I beleive it was something like 80.00 per share. I know it was over 50. I just think that if GM rebounds it will be a huge rebound. Some of the products are new technology. Imagine if I would have taken 5 to 10 grand and put it into Microsoft back in 1988 or something. Brand new stuff that eventually everyone bought. Me an Bonnie talked lastnight about it and she gave me the green light for 500.00 so away I go. It won't be so bad to lose it but if they take off again I'll be sorry I didn't do more.

Iroczlover · 03-09-2009, 04:53 PM

Quote:

Originally Posted by dbotsfordtat

No way I would buy GM common stock, if they go chapter 11 you lose everything, you shouldn't invest based on emotions, they won't show any when they write you off in bankruptcy. You might consider prefered shares (GME) they may survive bankruptcy and they were paying a dividend, but IMO there are too many solid companies with low share prices now to even consider any GM stock.

I am talking $100 not alot of money but if they go under its not something I will miss.

PQ · 03-09-2009, 05:04 PM

Quote:

Originally Posted by Iroczlover

I am talking $100 not alot of money but if they go under its not something I will miss.

Pretty much the same here but I'll miss it a little more. :(

dbotsfordtat · 03-09-2009, 07:12 PM

Quote:

Originally Posted by Iroczlover

I am talking $100 not alot of money but if they go under its not something I will miss.

Yes, but if you put that hundred into Altria stock, you earn 8% dividend. I understand your wanting to be loyal to GM, I do too, but buying common shares doesn't really help them, it helps the current shareholders escape with some of your money. I could be wrong though, in which case you might make a lot of money.

bcannan354 · 03-09-2009, 08:21 PM

For what its worth my stock picks. I feel very strongly that GM is a great buy, down to 1.50 or so a share today. But, you don't want to put all your eggs in one basket, so Alcoa, GE and Citibank are all good options. Split your investment into all three and hopefully watch your money grow. Disclaimer.. I AM NOT AN EXPERT this is just a gut feeling.

03-08-2009, 10:12 PM	#15
tylermoore Drives: 2010 Camaro 1ss/LS3 Victory Red Join Date: Feb 2009 Location: kinston, NC Posts: 251	yeah thats true i can understand that i would probably invest half when the time was right and then if it fell even lower you can invest another protion and buy more stocks and just watch the wave and sell and buy and make a killing i just dont have enough money to make money if you follow me __________________ 2010 Camaro SS/LS3 1998 Camaro Z28 A4

03-08-2009, 10:21 PM	#17
tylermoore Drives: 2010 Camaro 1ss/LS3 Victory Red Join Date: Feb 2009 Location: kinston, NC Posts: 251	i bought some penny stocks for like .014 a share and i bought only 3000 ($40)shares and the price was .024 ($72)when i sold them like 5min ago there is alot of money to be had there but i dont watch/care enough about the market to make all that money. __________________ 2010 Camaro SS/LS3 1998 Camaro Z28 A4

03-09-2009, 11:51 AM	#19
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	A friend of mine put in about 100 bucks, and I'm going to...when I have 100 bucks to toss around. :(. It'll sure pay off when they shoot back up. __________________ *"Keep the faith."* - Fbodfather

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Lose Fat, Save Gasoline	KILLER74Z28	Off-topic Discussions	10	07-31-2010 11:40 AM
DO YOUR PART TO LOWER OIL PRICES	Nickdago	General Automotive + Other Cars Discussion	46	08-02-2008 01:30 AM
Camaro only Classifieds for those who have to part B4 the Gen5 comes.	CBR9Seadoo	Site Related Announcements / Suggestions / Feedback / Questions	5	03-24-2008 11:21 PM
Chrysler part of GM ?	ChevyNut	General Automotive + Other Cars Discussion	2	03-08-2007 12:19 PM

03-09-2009, 11:44 AM	#18
dbotsfordtat Drives: 2016 Camaro Join Date: Nov 2008 Location: Iowa Posts: 499	No way I would buy GM common stock, if they go chapter 11 you lose everything, you shouldn't invest based on emotions, they won't show any when they write you off in bankruptcy. You might consider prefered shares (GME) they may survive bankruptcy and they were paying a dividend, but IMO there are too many solid companies with low share prices now to even consider any GM stock.

03-09-2009, 12:39 PM	#20
Rallysport Go Cardinals! Drives: 2010 Camaro 1SS 6-speed #1879 Join Date: Apr 2008 Location: Omaha, NE Posts: 856 View My Garage	As long as the anti-capitalists now running the "gubment" are in office, I will not invest another freaking dime in the stock market.

03-09-2009, 08:21 PM	#25
bcannan354 Drives: 1968 Camaro Join Date: Feb 2007 Location: Naples,Florida Posts: 184	For what its worth my stock picks. I feel very strongly that GM is a great buy, down to 1.50 or so a share today. But, you don't want to put all your eggs in one basket, so Alcoa, GE and Citibank are all good options. Split your investment into all three and hopefully watch your money grow. Disclaimer.. I AM NOT AN EXPERT this is just a gut feeling.