Any thoughts on GM? I'm thinking of purchasing, and am feeling good about it...any

  • Thread starter Thread starter Pilot misses Iggy :o( !!
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Pilot misses Iggy :o( !!

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yay or nay's?
I'm not a Ford person.... we had 2 fords and they both were lemons. Won't purchase "F". But thanks for the suggestion. I'm looking only at GM right now, and sure appreciate any "reasonable" input on that one. Appreciatively.... :oD
Ahhhh.....SO SORRY.......
I meant STOCK!!! I didn't mean to purchase the vehicle. I'm thinking of purchasing *****GM***** STOCK.
 
it has gained nothing since it started
http://finance.yahoo.com/echarts?s=GM#chart2:symbol=gm;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

$3.20 is quite a steal, you might be able to capitalize on a short term gain i guess if it picks up a little next year, but you you could do that with just about any stock right now.

I think I might actually drop $2000 on it, sell it at $20 that's $10,500 not bad!

if you're buying it for long term fuggetaboutit :)
 
Consider Ford instead.
1. They haven't taken any government bailout money.
2. They started a few years ago to reorganize.
3. They introduced one of the 1st "true" hybrids (Escape).
 
Happy New Year 2009

Never invest in any company that take pride in begging, for its survival, unless you are determined to donate to beggars. Some companies cultivate their own problems (I believe the culture there is to be busy making themselves look indispensable with repeated ceremonial meetings to procrastinate problems). Incompetent people are recruited, promoted, to support each other (I decided to excuse myself with resignation) when I observed that the Client' management is such during my last contract project)

Never mistaken investment for gain (dividends/stocks appreciation) with the purchasing of lousy goods/products

Better invest in companies that sell lousy goods/products to make more profits and pay better dividends than those that beg for survival

It takes two hands to clap (I believe it could be your preference to buy lousy goods from Ford, that you are looking at another lousier: GM). Example: you prefer buying vehicles with automatic transmission models over manual transmission models, Denso/NKG spark plugs over Bosch/CHAMPION

If you can not find any decent investment over there, perhaps you want to look oversea at Singapore-registered companies
 
Its one lemon I don't hold for a change.I bought their bonds and probably won''t get my money back. I will tell you a hard lesson I learned. Buy momentum. Why scrape the bottom of the barrel and take risks with this dead fish. Read Bill Oneal's Investors business daily for a start. This is not a stock for value investing. I read that Warren Buffet was buying Eaton Corp ETN and I bought that 40 bucks. Follow him. Its now almost 50
 
All the US car makers are on the edge of going bust. If they survive, you can make a killing. Or, you can lose it all. Remember, the government will need to be made whole before anything good happens for the shareholders, so you may have a long wait.
 
All the US car makers are on the edge of going bust. If they survive, you can make a killing. Or, you can lose it all. Remember, the government will need to be made whole before anything good happens for the shareholders, so you may have a long wait.
 
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