GM Stock

**gwballin** · 07-08-2008, 07:52 PM

So GM’s stock closed at under $11 per share today.

I am seriously considering buying a thousand dollars in stock since it is so low and certainly will go up. Products like the volt, etc. will turn them around.

Do you think this is a good move or an investment that will come back to bite me in the ass?

**Y2KPewterSS** · 07-08-2008, 07:55 PM

Buy low, sell high

**gwballin** · 07-08-2008, 07:58 PM

Originally Posted by Y2KPewterSS

Buy low, sell high

The 52 week high was $43, I don't think it going much lower.

I've got the money just sitting around and it is burning a hole in my pocket.

**gwballin** · 07-08-2008, 07:59 PM

Originally Posted by gwballin

The 52 week high was $43, I don't think it going much lower.

I've got the money just sitting around and it is burning a hole in my pocket.

Or I could just spend it on booze and hookers like I originally intended

**ArcticZ06** · 07-08-2008, 08:01 PM

Stock is always a good thing if you plan on holding on to it for a loooong time.

**Y2KPewterSS** · 07-08-2008, 08:08 PM

Originally Posted by gwballin

The 52 week high was $43, I don't think it going much lower.

I've got the money just sitting around and it is burning a hole in my pocket.

I would go for it.

**gwballin** · 07-08-2008, 08:12 PM

I think I will, I just have to check at work tomorrow that it is not on the restricted stock list.

**ArcticZ06** · 07-08-2008, 08:35 PM

restricted stock list?

**gwballin** · 07-08-2008, 09:05 PM

Originally Posted by mcarse81

restricted stock list?

SEC rules say that accounting firms that provide attest services be independent. This is because auditors provide an opinion as the condition of the company and may have an incentive to be less than honest if they have a financial interest. To avoid even the appearance of an independence concern my firm has even more strict rules.

I know my firm does some work for GM but I do not know to what extent so I need to check to see if there are any restrictions on me personally and if so how much, if any, GM stock I am allowed to own.

**third_shift|studios** · 07-09-2008, 05:33 AM

hmmm, worth looking into for sure, thanks!

**Mr. Luos** · 07-09-2008, 05:34 AM

Originally Posted by Y2KPewterSS

I would go for it.

The booze and hookers?

I agree.

**Spaz** · 07-09-2008, 05:35 AM

Originally Posted by gwballin

SEC rules say that accounting firms that provide attest services be independent. This is because auditors provide an opinion as the condition of the company and may have an incentive to be less than honest if they have a financial interest. To avoid even the appearance of an independence concern my firm has even more strict rules.

I know my firm does some work for GM but I do not know to what extent so I need to check to see if there are any restrictions on me personally and if so how much, if any, GM stock I am allowed to own.

that is what family is for...

"hey cousin... i'm giving you moeny to buy GM stock... i'll give you 5%..."

**third_shift|studios** · 07-09-2008, 05:46 AM

does owning GM stock grant any discounts when purchasing a new/used vehicle?

**Tobynine9** · 07-09-2008, 05:47 AM

I've thought of buying some too. I'm gonna wait for a quarter or two more to see if they can turn around the cash-flow problem. I don't mind grabbing it at $20/share on the way up if it gives me the reassurance I didn't buy it at $10/share right before the filed bankruptcy...

**Spaz** · 07-09-2008, 05:49 AM

Originally Posted by third_shift|studios

does owning GM stock grant any discounts when purchasing a new/used vehicle?

no...

**Zboner** · 07-09-2008, 11:52 AM

its at 10.4 today

**Zboner** · 07-09-2008, 11:55 AM

im prolly going to buy some stock, seeing it will deffinatly go up in the future

**Firebird Phoenix** · 07-09-2008, 05:10 PM

I'm pissed it's this low, I bought my first stocks (in gm, 5 of them) for around $15 and some change....then a week later it drops to $11 and hit $10 for a while. WTF lol gotta love the stock market