Is it a good idea to buy GM stock right now and sell it tomorrow or by this week?

  • Thread starter Thread starter Nirvana
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Nirvana

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I know GM is a gamble, their business model is terrible and it's most certainly not profitable in the long run. I know this sounds risky, but do you think I could make a small strike by buying a bunch of GM stock tonight and selling it immidiately when it hopefully goes up tomorrow or this weekend because of the bailout news? I understand that a bailout doesn't mean the share of a company always goes up, but there are so many people that think it does? Could I make money with this idea? What do you think the price will cap at by the end of this week? Let me know, Thanks.
 
no because gm is doing horribly so they raised prices
then they will go down and u will be screwed
 
I did it. Well, at least with Wachovia. Bought @ 3.30, sold at 6.60. But, I had no clue what I was doing, and did not dump a lot of cash into it. Your idea makes sense, and will probably work, but sure is risky....
 
Stock market is NOT gambing. I repeat, stock market is NOT gambling because the purchase and sale of a security depends on the company's profitability and loss and it can be predicted with a trend that it displays.

Having put that myth to bed, let me tell you this: It will be risky at this time to buy GM, it is not profitable and to expect that it will go up by a $ or two is a chance. Now, that is gambling. You are leaving it to chance and casino gambling is left upto chance.

Want to make money the proper way? Buy ETF's. Exchange Traded Funds. It is a basket of stocks traded at the exchange. There are umpteen of them - do your own due diligence.

Inverse ETF's give you profit when the market is sliding. Now this is the strategy you should use. Sell them when the market shows uptick.

GM? Come back in one year. Not now. I will not recommend it. Some amount of stability should return - and profitability - before I will invest in this company.
 
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