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got $2.95? Want $5.50? - 11/11/2008 10:24:48 PM

variation30

Posts: 1190
Joined: 12/1/2007
From: Alabama
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1) GM.
2) put up a stop-loss of $5.50.
3) go get yourself a pack of cigarettes.

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RE: got $2.95? Want $5.50? - 11/11/2008 10:30:36 PM

NormalOutside

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Hello, I like you! But can you make explanations? Yagshemash.

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RE: got $2.95? Want $5.50? - 11/11/2008 10:40:20 PM

Lordandmaster

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Ina my country we has many clevers money changer that makes $5.50 out of $2.95.

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RE: got $2.95? Want $5.50? - 11/11/2008 10:51:09 PM

Termyn8or

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What he means is that GM stock was recently less per share than a gallon of gasoline. It's a directive to your broker to buy or sell at a certain price. In this case it means he doesn't have much confidence in it going much over $5.50. Therefore the directive boils down to "Once I make this much, get out of it".

In this case it might be a good bet, because right now the hope of a bailout and people's attitude will probably raise the stock price, but with the realization that the company must succeed for more growth, and the fact that this will take time it says basically "Get my money out of there".

Where to put it next ? Don't ask me.

T

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RE: got $2.95? Want $5.50? - 11/11/2008 10:58:07 PM

Lordandmaster

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Ina my country many rich man who makes $5.50 with stock market is immediately spend it on two whores.

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RE: got $2.95? Want $5.50? - 11/11/2008 11:16:26 PM

variation30

Posts: 1190
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From: Alabama
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ignore ford and chevy, gm is the one that I think will, at the very least, double it's value with the quick rally it's going to get. gm was at 6 a few weeks ago, 12 a few months ago, and is 3 now. the other two have had shitty prices for a while now.

and there will be a bailout, the government isn't going to sit around and let these companies fail as there'd be a lot of angry unions. and seeing as how these unions have given obama quite a bit of money, it is politically untenable for the democratic party to not bail them out. unions are to the democratic party what the pro-lifers are to the conservatives. you can't give them the finger and expect to get re-elected. there've even been talks between bush and obama now about proceeding with aide to american auto-workers so long as democrats stop holding back a free trade deal with columbia (leaked by one of obama's new aides). the point being, this may be happening before obama is in office.

look at aig (a very weak stock). even they had a nice rally in september for five days (though between the fifth and seventh day it plummeted back to where it began). gm will do the same, just put up a stop loss...

look up the chrysler bailout in 79 if you want to get an idea of what I'm thinking will happen.

and don't be confused, this ain't no longterm investment because american cars suck and american unions are horrid (compare gm to toyota - who do not have union workers). this is just a quick way to make money at the government's expense. I, for one, am going to enjoy this taking care of a month's worth of rent.

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RE: got $2.95? Want $5.50? - 11/11/2008 11:25:41 PM

ElectraGlide

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When will the United Auto Workers Union have the brains to quit blood sucking the Big 3 Auto Companies dry. Pardon me I meant the Little 3, that has been their current situation for a while now. The U.S. Steel Industry was wrecked, why not another U.S. Industry.

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