Stocks

[vaxick]

Anybody think the General Motors stock is going to get any lower? It's at $0.75 right now. I wanna dump around $100 into it, but I don't want to buy any stocks until that thing is basically as low as it's possibly going to go. It shouldn't be all that risky either to make a return considering the government partly owns them now.

Comments

[riot_gurl_86]

I tried telling my sister basically the same thing, but she told me I was nuts. My theory-they can only go up, right? You hit rock bottom with bankruptcy, you can only bounce back.

[vaxick]

People are just weary since they are filing for bankruptcy today, but the company will rebuild under better management. The government now owns 72.5% of the company and you know they want to keep that company alive no matter what because so many people work for the company.

[becki_lee]

Honestly, I have NO idea.