Go GM go!

[Fritzo]

Their stock is up significantly after findings that the bailout will remove a lot of their debt. I emptied out 1/2 of my savings and bought when it was 1.70. I'm showing 4.30 right now

 

[DisgruntledVirus]

Sell it now?

You gained $3+/share depending on how many shares that is you got a nice profit.

 

[tynopik]

assuming this isn't a joke, at least sell enough to cover your initial investment

 

[Scouzer]

nice gains.

 

[TallBill]

Hold it till it gets back up to 86

 

[Vette73]

Originally posted by: TallBill
Hold it till it gets back up to 86

Yep, your grandkids will thank you.

 

[ViviTheMage]

just bought 500 shares, thanks

 

[ponyo]

Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

 

[Tweak155]

Where do you guys trade stocks?

 

[amdskip]

Originally posted by: Tweak155
Where do you guys trade stocks?

At the stock market, duh

I use scottrade

 

[moshquerade]

GM isn't going anywhere, but down.

 

[Fritzo]

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

 

[finite automaton]

Originally posted by: Fritzo

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

Don't be greedy

 

[JS80]

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

shens x2. $1.70 is the exact 52-week low, which for a heavily traded stock is the BID price and he would not have been able to buy at that price.

 

[JS80]

Originally posted by: Fritzo

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

If you're going to sell at 5, i would just sell at 4.99 (price right now)

edit: hit 5. my guess is OP will get greedy.

 

[foghorn67]

It's like when you know the puzzle on Wheel on Fortune, but you just keep spinning the wheel.

 

[Fritzo]

Originally posted by: JS80

Originally posted by: Fritzo

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

If you're going to sell at 5, i would just sell at 4.99 (price right now)

edit: hit 5. my guess is OP will get greedy.

LOL- I held off. 5.36 now! I'm bidding it's going to hit 6+ at this rate!

 

[HopJokey]

Good luck my friend.

 

[manlymatt83]

Should I sell mine or hold off?

 

[Tweak155]

Originally posted by: Fritzo

Originally posted by: JS80

Originally posted by: Fritzo

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

If you're going to sell at 5, i would just sell at 4.99 (price right now)

edit: hit 5. my guess is OP will get greedy.

LOL- I held off. 5.36 now! I'm bidding it's going to hit 6+ at this rate!

That is 3.1 times your investment... I'd at least sell something to recover initial cost.

Do these sites let you set a price point to automatically sell at even if you aren't at your computer?

 

[Gooberlx2]

Originally posted by: Tweak155

Originally posted by: Fritzo

Originally posted by: JS80

Originally posted by: Fritzo

Originally posted by: Naustica
Sorry I have to call shens on the $1.70 purchase price. Knowing you bought like $200 of GM stock at around $10/shr or so makes me believe you don't have the balls, money, or luck to buy it at the 52 week low. It was at $1.70 for about a minute on Friday. I very doubt you bought it then.

Heh, the money issue resolved itself last month, so I'm very much back in the swing of things thank you. As I posted many times before, I'm Even Steven- for every bad thing that happens an equally good thing takes it's place.

There's usually about a 10 second delay in prices on Scottrade, so I bought in at 1.72 when I saw it drip on my lunch break, then it went up to 4.01, but i held onto it and it dipped back down in the 2.90's for the last week. Now I'm glad I held onto it.

If it hits $5, I'm selling and waiting for it to dip down again.

4.72 now!

If you're going to sell at 5, i would just sell at 4.99 (price right now)

edit: hit 5. my guess is OP will get greedy.

LOL- I held off. 5.36 now! I'm bidding it's going to hit 6+ at this rate!

That is 3.1 times your investment... I'd at least sell something to recover initial cost.

Do these sites let you set a price point to automatically sell at even if you aren't at your computer?

Yes. Atleast on Scottrade you can set an order to sell/buy any stock, at any particular price, in any particular quantity. However I think there is a limit (or there used to be...I haven't traded in a while) to how long those orders can stay active.

 

[Fritzo]

SOLD at 5.80. I think everyone's going to start taking profits soon. Christmas is paid for !!!

 

[Scarpozzi]

It looks like it's hovering around $5. Good that you sold...considering the past few months it's been around $3-4. A bailout is positive for the short term, but it doesn't mean they'll be making real profits anytime soon.

 

[Fritzo]

Holy crap, it really took a dive. I might rebuy at the end of the day.

 

[manlymatt83]

ttt More discussion!!!

EDIT: OK, so I held onto my shares. I only have a few hundred. Let's see what this baby can do.