GM stock... They need Help!

[GTAHVIT]

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.

Agreed, be careful where you get your financial advice.

But, the bottom line is No one ever knows how low a stock price is going to go. What you really need to ask yourself is. "At $10 do I think the price will go up enough to make it worth the risk?" That's the bottom line. If you can answer yes and the price goes lower then it's an even better buy. As long as it goes back up.

FWIW

[DGthe3]

Originally Posted by gtahvit

Agreed, be careful where you get your financial advice.

But, the bottom line is No one ever knows how low a stock price is going to go. What you really need to ask yourself is. "At $10 do I think the price will go up enough to make it worth the risk?" That's the bottom line. If you can answer yes and the price goes lower then it's an even better buy. As long as it goes back up.

FWIW

If it does go lower, buy more (if you can).

[Congoman775]

Originally Posted by headpunter

im already all in on GM so i cant help anymore....

Obama is all for keeping GM alive, so hopefully they float till he gets in office.


the 2.92 it closed at last night is going to look might cheap in a few years.