OT: Buying GM Stock, a steal at $2?

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OT: Buying GM Stock, a steal at $2?

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02-22-2009, 12:01 PM

#10

941MXVET

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Join Date: Dec 2008

Location: NV

Posts: 160

Quote:

Originally Posted by tboyer

I was wondering if anyone else is betting on GM hitting bottom at around $2?

No, but I do know a guy who has been making some coin trading GM stock, and he has decided to leave it alone for now. There just isn't a caytalist right now for a bounce. Keep your money in your pocket, or if you must own a car company buy HMC and ignore it for 3 years.

And I agree, the Union didn't manage GM into it's current situation, management did.

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