Is it smart to buy since it's so cheap and try to sell it later or is it best to not even purchase any? Last time I checked it was around a $1 a share.

Jun 9, 2009 -- 7:12PM, MAB wrote:

Is it smart to buy since it's so cheap and try to sell it later or is it best to not even purchase any? Last time I checked it was around a $1 a share.

You might as well go buy some incense and sell them out your trunk. You will have a greater return on your investment.

For real Bro, don't even bother. GM is not going to give you a return on your investment. Anything you give them, they are going to give to their big investors or the government. All you will get is a certificate. Auto industry is Global now. Too many people make cars for them to dominate like they once did. They don't  have a plan for growth, they are trying to survive. The Banks and Government are not giving them money so they can return dividends to small stockholders. You will be last in line. I took my money out of a brokerage firm that was managing it. They penalized me but had I kept it in there today I would have been left with nothing. People try to tell people that it is like the stock market crash in 1929 where people bought companies for pennies on the dollar and became exceedingly wealthy once the market came back. Not so this time. The Global economy is in full effect. These foreign companies are going to buy up everything and leave the cabinets bare and move on to new markets.     

Basically, these people are taking your money and gambling with it. If they win you win. If not....

Seriously, the new future is cooperative economics.  Get a group of your people find something substantive to invest in like real estate,  or other  business and grow it yourself. Grow it slowly and properly.

One problem w/ ppl nowadays is that theres too many ppl buying stocks & thinking that they will grow/prosper WITH the economic recovery.... the problem w/ that is that the two concepts arent the same. GM has been a terribly managed co. for the last 30 years, they went bankrupt(or near it dont remember the story google it for urself) in 92 only to crash again roughly 10 years later. It filed for chapter 11 which is restructuring of the business i believe. Stay away from GM, there are FAR more valuable companies at HUGE discounts, better management, better advantages (that CAN benefit from a recovery n be worth more), & are more consistent like GE, Suntrust, USBancorp, BAC, WFC or conocophillips to name a few. But if cars are ur thing then right now Toyota is a GREAT stock to buy & look at. Volvo isnt so bad as well & neither is Ford but if i were u id stay away from GM. Ask urself how valuable would GM be to u in 3-5 years in comparison to other stocks that are more valuable if ur looking to buy low in order to sell high. The only ppl who will make a good piece of money w/ GM are ppl who are buying the company's bonds. even tho i still wouldnt touch GM... if GM is wat u want then buy the bonds - they are safer..... then again if bonds are wat ur looking for lol then there are better companies w/ "healthier debt" like ArcelorMittal for example or microsoft.