Go GM go!

[Fritzo]

Originally posted by: manlymatt83
Also, what do people think of GM v. Ford? What's the better run long term and short term? I feel like I should dump my cash into one instead of betting half cash on both.

Ford is financially stronger, but GM is bigger and has more room for growth. So, Ford would be a safer investment, but GM has more potential.

Also, as Warrent Buffet said, invest when people are fearful, sell when people are confident. This is a GREAT time to invest because stocks are at rock bottom prices.

 

[manlymatt83]

Originally posted by: Fritzo

Originally posted by: manlymatt83
Also, what do people think of GM v. Ford? What's the better run long term and short term? I feel like I should dump my cash into one instead of betting half cash on both.

Ford is financially stronger, but GM is bigger and has more room for growth. So, Ford would be a safer investment, but GM has more potential.

Also, as Warrent Buffet said, invest when people are fearful, sell when people are confident. This is a GREAT time to invest because stocks are at rock bottom prices.

So better to pick one or split things up and gamble on both?

 

[NoShangriLa]

Originally posted by: adlep
What about AMD...
Their GPUs sell well..
Should I take a plunge at around $3.00 per share. It is very low price per share historically?

AMD chart

Edit:

Google shares are also very low

their shares have a strong potential for 2x gains...

Edit:
My get rich quickly favorites are:
GM,
Citi,
Google
First Solar

I asked the same question not long ago, I'm waiting for the market to settle a little more before I'm making my move.

IMHO, AMD at the moment is very risky because their debt load is way too high in this market.

And, like you I got hit hard with NVDA @ 900 shares, but I have now swaped some for POT & TCK shares.

 

[Xylitol]

Ford and GM can suck my ass. They actually don't close factories that are chugging out negative profit because they're afraid of lawsuits. They have rooms for workers that don't do anything and pay them so they don't get sued.

 

[manlymatt83]

Originally posted by: Xylitol
Ford and GM can suck my ass. They actually don't close factories that are chugging out negative profit because they're afraid of lawsuits. They have rooms for workers that don't do anything and pay them so they don't get sued.

PROOF?

 

[PlasmaBomb]

Originally posted by: tynopik
assuming this isn't a joke, at least sell enough to cover your initial investment

This is the smart thing to do.

 

[PlasmaBomb]

Originally posted by: manlymatt83

Originally posted by: Xylitol
Ford and GM can suck my ass. They actually don't close factories that are chugging out negative profit because they're afraid of lawsuits. They have rooms for workers that don't do anything and pay them so they don't get sued.

PROOF?

Old news is old...

http://www.detnews.com/2005/au...0510/17/A01-351179.htm

 

[Zim Hosein]

Originally posted by: manlymatt83

So better to pick one or split things up and gamble on both?

I would personally split things up;I bought an equal amount of shares in both GM & F... pray for me!

 

[Chrono]

alright guys. should i buy some shares now? or??? let me know! i want to start.

 

[manlymatt83]

Originally posted by: Chrono
alright guys. should i buy some shares now? or??? let me know! i want to start.

Yeah, that's what I wanna know!

 

[Chrono]

AH! Market's open on Monday morning right? I have a sharebuilder account open now. Ok, now what?

 

[Chrono]

AH. So I only have $500 to invest. How should I invest guys? GM or Ford? I know ford is at $2.## right now. If I can anticipate that the bailout would be a good turnout, then hopefully it rises above that amount. Hmm...

Update... I just read the news that the detroit big 3 are readying to present their plans to congress


READ:
They will be armed with proof that they are working to restructure their stumbling businesses and will be able to emerge from the current deep slump as viable companies focused on developing new technology to build more environmentally friendly vehicles.

The auto executives were to deliver a summary of their restructuring plans to lawmakers on Tuesday, the same day they are expected to report another brutal drop in monthly auto sales. The chiefs of General Motors Corp. (GM), Ford Motor Co. (F) and Chrysler will then testify before Congress on Wednesday and Friday.



CLICK HERE FOR ARTICLE

 

[Muadib]

Originally posted by: Chrono
AH. So I only have $500 to invest. How should I invest guys? GM or Ford? I know ford is at $2.## right now. If I can anticipate that the bailout would be a good turnout, then hopefully it rises above that amount. Hmm...

It's your call, but I would go with Ford. Fritzo's post explains my reason. They can survive if the bailout doesn't happen this year. I'm not sure GM can. I bought 1000 shares of F when the Dow was at 7500. I was going to do the same for C, but was too scared. If you have more guts than me, then GM is the way to go.

 

[Chrono]

I have a feeling when the markets open that the stocks for GM and F will be a +. I think I'm going to have to go with Ford, only because they just seem safer. I expect their gains to be significant though, but not as great as GM if the bailout does happen.

 

[KingGheedora]

Instead of a plain old bailout, which is basically throwing away money, we shold take a page out of the depression era -- invest the money in American industry, something that will at the same time employ all the people becoming unemployed, as well as provide some profit for American government and industries 10 years from now. For example, why not invest in factories to mass produce efficient and cheap batteries for electric cars? With that we wouldn't necessarily have to produce cars, we could sell those off to all the companies across the world who produce electric cars. We should also invest in electric cars. Everything green basically. Do it, Obama.

 

[Chrono]

Holy crap. I just saw the tax rate for capital gains short term... 35%!! OMG! Who the hell wants to hold onto GM stock for more than 1 week?

 

[Zim Hosein]

Want to see some scary news, according to msn money the asking price of GM is 9.52! That can't be right!?!

 

[NoShangriLa]

Originally posted by: Zim Hosein
Want to see some scary news, according to msn money the asking price of GM is 9.52! That can't be right!?!

That is a prime example of using a put on GM in the next couple of days.

 

[Pliablemoose]

So when shall I sell the 10K shares I bought?

 

[Zim Hosein]

Originally posted by: Pliablemoose
So when shall I sell the 10K shares I bought?

10K shares? :shocked:

What price did you buy them at Pliablemoose?

 

[ponyo]

Originally posted by: Zim Hosein
Want to see some scary news, according to msn money the asking price of GM is 9.52! That can't be right!?!

You can ask for $100 as the ask. Doesn't mean you're going to get it.

 

[Chrono]

Hm... I just placed a trade for Ford at 200 shares. I set a limit of 3.20 since that's the asking price. After all the reading and research, I definitely don't think the US Government is going to let the Detroit 3 die.

 

[Special K]

Originally posted by: Chrono
Holy crap. I just saw the tax rate for capital gains short term... 35%!! OMG! Who the hell wants to hold onto GM stock for more than 1 week?

Short term capital gains are for anything held less than 1 year before selling. Also, the short term capital gains tax is your regular marginal tax rate, up to the top bracket of 35%.

 

[Zim Hosein]

Originally posted by: Naustica

Originally posted by: Zim Hosein
Want to see some scary news, according to msn money the asking price of GM is 9.52! That can't be right!?!

You can ask for $100 as the ask. Doesn't mean you're going to get it.

That I actually understand Naustica, but that asking price is FUBAR IMO

 

[Zim Hosein]

Originally posted by: Chrono
Hm... I just placed a trade for Ford at 200 shares. I set a limit of 3.20 since that's the asking price. After all the reading and research, I definitely don't think the US Government is going to let the Detroit 3 die.

I hope you are right Chrono, but right now I'm only concerned about the big "2!"