edit title: how low do you let the stock go before you buy?

i.e. gm stock. its at a 14-year low. how low before its a good by.

[Edited on November 16, 2005 at 11:22 PM. Reason : .]

11/16/2005 11:21:22 PM

I don't think I would ever invest in GM.

11/16/2005 11:35:44 PM

just because its at a low doesn't mean it will comeback (ie. GM)...wait a tick...

11/16/2005 11:38:19 PM

i just posed this question an hour ago

like the number 1 auto company in the world isnt going to bounce back alittle.

they are getting the concessions from the auto unions.


im thinkin about getting in and hanging on

11/16/2005 11:39:02 PM

The same company that posted a huge loss? Its not going to go up for the hell of it. GM needs to get their act in gear.

11/16/2005 11:41:15 PM

but when you consider their huge liabilities they really aren't worth the risk. GM is for me a big risk for very little potential reward, they're in a competitive market and are relying on concessions to be a player in the market.

11/16/2005 11:41:18 PM

^exactly.


fundamentals matter. Im sure you can find more promising stocks that are bottoming out

11/16/2005 11:43:51 PM

yeah i mean i'm a dumbass and even i know you buy honda stock before you get that american made garbage

11/16/2005 11:45:32 PM

ford is in the same position. its down to about $7 per share.

11/16/2005 11:49:46 PM

a good rule of thumb, i hear, is would you actually buy the product of the company whose stock you are buying? If you won't, then there's a good chance thousands of people share your opinion.

11/16/2005 11:52:44 PM

^horrible idea. would you buy an oracle server? or any number of other commercial products?

11/16/2005 11:57:18 PM

Yahoo hit a 5 year high (40.07) today. Does it have any momentum left?

11/16/2005 11:59:42 PM

I'm going to save this thread as the largest collection of the worst stock advice in history of exchange trading.

11/17/2005 12:00:26 AM

picking stocks is a horrible idea, lmao momentum

11/17/2005 12:00:46 AM

i wait till stocks are really expensive, then buy and sell low.

11/17/2005 12:02:28 AM

Quote :

"^horrible idea. would you buy an oracle server? or any number of other commercial products?"

ah, the old argument by assertion.

And yes, having used oracle extensively, I would buy an oracle server. Which leads to another point -- if you know an industry well, you should invest there. There is not need to make it difficult on yourself.

This is much better than listening to some stooge on cnbc recommend something in some industry about which you know nothing.

----

did you even step back to think about whether the point you were making has any value? if one should not invest based on ones own first hand experience with products in an industry, what should one do? Invest in things that one doesn't know about? Try to learn about some industry that is outside of the everyday experience of the particular investor? Are you suggesting an alternative that is better?

No. This is a classic example of some internet asshole trying to obfuscate the thread for no good reason.

[Edited on November 17, 2005 at 12:23 AM. Reason : dsf]

11/17/2005 12:18:09 AM

no it means i'm saying to do your own goddamn research. I mean, the advice I was refuting was pretty goddamn stupid

and yes, if stuff that you know about is completely stupid as an investment I would hope you wouldn't invest in it.

[Edited on November 17, 2005 at 12:46 AM. Reason : .]

11/17/2005 12:45:24 AM

Quote :

"GM needs to get their act in gear."

PUN

Quote :

"I don't think I would ever invest in GM."

GB US ECONOMY

11/17/2005 12:46:19 AM

i know about trading energy, maybe I should invest in Enron...dur

^ there are plenty of good US investments to be made. GM isn't one of them.

[Edited on November 17, 2005 at 12:48 AM. Reason : .]

11/17/2005 12:47:42 AM

^

true, i figured the kid was just hopping on the everything from japan and china is better campain

short sighted

sucks buying an inferior product

alas

tahoe is in my future

[Edited on November 17, 2005 at 12:49 AM. Reason : tahoe will do]

11/17/2005 12:49:43 AM

Thats not my claim at all. I have owned two GM products in my lifetime and two foriegn cars. My dad used to work there as well, back in the day.

None of those things however, makes any sort of difference with GM being in trouble.

When someone asks about a specific product and I comment on that specific product, its either a troll or you jumping to some wild conclusions based on very little fact.

[Edited on November 17, 2005 at 1:09 AM. Reason : .]

11/17/2005 1:05:25 AM

"Look at stocks as part of businesses. Ask yourself, 'How would I feel if the stock exchange was closing tomorrow for the next three years?' If I'm happy owning the stock under that circumstance, I am happy with the business. That frame of mind is important to investing"

thats straight from warren buffet.

11/17/2005 7:33:49 AM

thank you

11/17/2005 9:53:35 AM

if you really want to invest in GM go read the current economist article on it... ive been getting nothing but the impression that they are very very near bankruptcy, there just one of the people to say it. there seems to be too much goin badly for them to turn around anytime soon i think they havent bottomed yet. also does anyone know if you declare chapter 11 does your stock become worthless forever, until you get out, or if you spinoff into a diffferent company? or nothing at all?

11/17/2005 10:25:09 AM

It's important to know why the stock is low and determine if those conditions are over or ending soon. I'd say GM is still in deep doodoo. I would at least wait out this Delphi business.

11/17/2005 11:18:44 AM

buy nortel

11/17/2005 11:58:26 AM

I would stay away from GM, they are a cunt hair away from bankruptcy, and I'm certain that they will declare bankruptcy to get out from under Union benefit agreements.

Ultimately, the taxpayers will bail them out and they'll eventually make a recovery a la Worldcom, but I sure as hell wouldn't buy GM stock until after the bankruptcy occurs. Afterwards, though, it'll be a very nice stock to own.

I bought about $500 of worldcom when it was at $.06 a share and sold it a little later for $0.20. Wish I had held on to it now...

11/17/2005 1:15:39 PM

Quote :

"I don't think I would ever invest in GM."

Quote :

"I'd say GM is still in deep doodoo."

Quote :

"they are a cunt hair away from bankruptcy"

That's all you need to know about GM.

Quote :

"also does anyone know if you declare chapter 11 does your stock become worthless forever, until you get out, or if you spinoff into a diffferent company? or nothing at all?"

Depends on what happens. If the company makes it through bankruptcy, then the stock won't necessarily be worthless--look at MCI/Worldcomm and K-Mart. In fact, because debt may be significantly reduced/eliminated, it's possible for a company to come out of bankruptcy stronger than they went in. On the other hand, you probably won't get anything if the company dissolves. Common stock holders are the last to get paid after the company's assests are liquidated.

[Edited on November 17, 2005 at 7:56 PM. Reason : bankruptcy]

11/17/2005 7:47:40 PM

thanks... thats exactly what i was wondering^ what about if they switch their official name, i think worldcom did this? if not them i forget who in recent history it was but i remember to save face they just switched over to an older name...

11/17/2005 10:11:53 PM

Quote :

"I bought about $500 of worldcom when it was at $.06 a share and sold it a little later for $0.20. Wish I had held on to it now..."

i was going to do that but never got around to it

11/17/2005 10:12:20 PM

If a company changes it's name, it's still the same company. Individual stocks remain the same, they'll just have a new ticker symbol. If a company is bought out, then it depends on the deal. Some deals just let stock holders cash out for a particular amount, but I'd say the majority pay stock holders some combination of cash plus stock in the new company.

11/17/2005 10:32:51 PM

If you think a company is solid, I like to wait until its PE is lower than most of its competitors. Its not easy to say a certain price or PE because it differs for industries. Just find a solid company trading pretty low (PE) compared to its peers.

11/18/2005 12:40:23 AM

Read the newspaper, pay attention to the news on tv, research the companys history to see what they're up to (I don't mean go write a paper on it, it doesn't take long to google stuff). If they've got stuff lined up that could be buzzworthy, or a deal in the works it could highlight a good time to buy.

Just my 2 cents.

11/18/2005 3:47:29 AM

someone find me a jim cramer soundboard

11/18/2005 11:08:38 AM

DON'T SELL BLUTH!

11/18/2005 11:15:16 AM

Quote :

"someone find me a jim cramer soundboard "

11/18/2005 11:45:47 AM

I'm going to save this thread as the largest collection of the worst stock advice in history of exchange trading.

11/19/2005 9:52:33 PM

soundboard

http://www.madmoneychallenge.com/

11/20/2005 3:37:57 AM

http://www.madmoneychallenge.com/images/swfs/soundboard.swf

11/20/2005 9:27:25 AM

If you an handle the risk, now might be the time to buy GM.

http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=OBR&Date=20051121&ID=5299194

11/21/2005 9:51:25 AM

http://www.breitbart.com/news/2005/11/21/D8E0VMRO0.html

11/21/2005 1:14:40 PM

Online poker is the new stock market

11/21/2005 1:16:23 PM