Should I buy GM Stock - $1.700 on 4/21/09?

  • Thread starter Thread starter tom m
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tom m

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I read here that people were thinking of buying at $12-13 dollars a share 10 months ago, Its now $1.70 - I feel like im stupid if I don't take this opportunity to buy now!!!! What do you think? Are they going out of Business or is that possible?
 
It's a risk, and they'd only be good for the short term. I wouldnt take the risk personally, id rathe go with BAC or WFC or even ETFC for this matter. I dont GM wll make it out of this alive. GM can't compete with competitors like Ford and chrysler, let alone Toyota, and Hyondai. Check this site, it gives good stock recommendations:
http://alpha-investing.com/

they havent put up banks yet, but they will soon. Go with BAC for starters, and any money you're willing to throw away, put in this stock - GM.
 
HELL NO! GM sucks so bad, the only income they are having are the bailouts, and congress will eventually get pissed at them. That's like investing in a monkey flying an airplane.
 
Never jump onto a sinking ship. This crazy ride isn't over yet.
Jobs are still being lost, abundant supply of cars are still in the market.
GM is seriously considering bankruptcy.
 
I wojuldn't buy it. A low price must be there for a reason. Do you know something others don't know?
 
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