Go GM go!

[manlymatt83]

ugh, I can't decide when to pounce. Now, or later this afternoon.

 

[AMDZen]

Shows at $4.72 already

 

[manlymatt83]

yeah

 

[Fritzo]

Originally posted by: manlymatt83
ugh, I can't decide when to pounce. Now, or later this afternoon.

Wait until the hearings are over. They're testifying right now. Keep an eye on MSNBC. If they don't do well, the price is going to drop. If they do well and don't make asses of themselves again, there should be a price spike.

 

[manlymatt83]

Well, I also want to pick up some Ford, but I feel like that won't fluctuate too much anyway....

 

[Special K]

Originally posted by: Fritzo

Originally posted by: Special K

Originally posted by: Pliablemoose

Originally posted by: Chrono
Out????? Ijust bought!!

This market is not for buying & holding. I suspect it won't be safe to do so for another 5 years...

It is for buying and holding if your time horizon is sufficiently long and you invest in broad market-based funds as opposed to single company stocks.

Ummm...in case you haven't seen, mutual funds are in the crapper too. 3-5 years is probably a good timeline. You're going to want to put money in super safe bets right now like CD's, liquidy funds, and assets funds. They will only make 2%-5%, but it's better than losing 30%. It could take well over a decade to gain back what has been lost.

Yes, it's that bad.

True, all mutual funds are in the crapper. Nobody knows where the bottom is, however. I'll continue to make my periodic investments into the funds I own, knowing that I am buying shares at historically cheap prices. I don't care if it doesn't recover in a decade, because I won't be retiring for 4 decades.

 

[manlymatt83]

Originally posted by: Fritzo

Originally posted by: manlymatt83
ugh, I can't decide when to pounce. Now, or later this afternoon.

Wait until the hearings are over. They're testifying right now. Keep an eye on MSNBC. If they don't do well, the price is going to drop. If they do well and don't make asses of themselves again, there should be a price spike.

I'm watching MSNBC now. But are the hearings going to end today, or are they going to end tomorrow? I thought they go on tomorrow too, don't they?

 

[geno]

ha

 

[Fritzo]

Sell sell sell. Looks like the bailout isn't going to go through in it's current form.

 

[manlymatt83]

hmmmm

 

[Fritzo]

Originally posted by: Fritzo
Sell sell sell. Looks like the bailout isn't going to go through in it's current form.

Told ya!

Wow, dropped like a rock this morning.

 

[SunnyD]

Waiting for F to go under $2 a share then I'll pick some up.

 

[manlymatt83]

GM will rebound once Bush bails out

 

[Fritzo]

Originally posted by: manlymatt83
GM will rebound once Bush bails out

That's why I send out the alert. Buy now, and when Bush sets the bailout, it'll jump big time.