My GM Stock--Keep or dump???

[cerberus]

Keeping things from you? Geez. Turned that big "C" into a little "c" after that GMAC deal. Just so I don't miscommunicate too much, I'm starkly optimistic for GM. Hard times, sure, but of the auto group, that's my biased pick. So, back to the original statement, no I wouldn't dump. Might consider a rotation based on overall portfolio balance, etc, blah blah blah, but nothing dramatic as I'm looking a little further out accepting a rough road short to medium term. But while I see opportunities setting themselves up for longer term plays, at the moment the standard disclaimer that one should never bet what one is not willing to lose still applies. jm2c. YAHMMV.

[Bogie]

I'd be tempted to buy at $10 a share, on speculation. But only with money I can lose. For me, maybe 100 shares.

1. If GM goes belly up, I will frame the certificates and sell them on Ebay, and save a few as a reminder.

2. If GM rebounds, I have the potential for a nice windfall over the next few years.

[redhotchillipepper]

Originally Posted by Bogie

I'd be tempted to buy at $10 a share, on speculation. But only with money I can lose. For me, maybe 100 shares.

1. If GM goes belly up, I will frame the certificates and sell them on Ebay, and save a few as a reminder.

2. If GM rebounds, I have the potential for a nice windfall over the next few years.

How do you read my mind so well guy? Merrill Lynch is predicting it will hit bottom at $7.00 per share. I am tempted to hold out until then to buy. However, I will probably buy if it gets anywhere near $8. I like the ebay bit!