GM A GOOD BUY?

punker1974 · 05-12-2009, 12:46 PM

GM is about to hit $1 a share? Good idea or no? LVS did a very low then a huge spike for like 800%. What do you guys think. I might buy 5k shares at $1.

terson · 05-12-2009, 12:49 PM

Don't buy GM stocks.. Buy GM's Bond. Check out BGM. ;)

sblok · 05-12-2009, 12:57 PM

stay away, common shareholders will be screwed one way or the other. Have a look at BGM, much safer way to play GM BK...

GM Tender Bond Offer

Superfly · 05-12-2009, 01:04 PM

Dont buy it yet. If the market continues to turn in a bearish direction, GM will go much lower. If you must, get the GM bonds instead (BGM)

sblok · 05-12-2009, 04:51 PM

I doubt it, but if thats the case, the bond market in US will have no buyers. For many companies thats a death sentence.

Originally Posted by lattes

GM is a goodbye. NOT a good buy.

BGM maybe, although I think somehow the govt will figure out a way to screw over bondholders in Chap 11

Fundamentals · 05-12-2009, 05:02 PM

If you enjoy losing money

05-12-2009, 12:46 PM	#1
punker1974 Junior Trader Join Date: May 2009 Location: Sin City! Posts: 7 Favorites: GNTA, MGM, LVS Rep Power: 24 Reputation: 196	GM A GOOD BUY? GM is about to hit $1 a share? Good idea or no? LVS did a very low then a huge spike for like 800%. What do you guys think. I might buy 5k shares at $1.
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05-12-2009, 12:49 PM	#2
terson VIP Trader Join Date: Apr 2009 Location: Richmond Posts: 59 Favorites: LVS CPRK Rep Power: 55 Reputation: 903	Don't buy GM stocks.. Buy GM's Bond. Check out BGM. ;)
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05-12-2009, 12:57 PM	#3
sblok BEAR Join Date: Apr 2009 Location: vancouver Posts: 81 Favorites: KFN,FAZ/FAS,TBT,SRS Rep Power: 48 Reputation: 710	stay away, common shareholders will be screwed one way or the other. Have a look at BGM, much safer way to play GM BK... GM Tender Bond Offer
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05-12-2009, 01:04 PM	#4
Superfly UberTrader Join Date: Apr 2009 Location: Twin Cities/Minocqua WI Posts: 397 Favorites: RIG, HEB, LVS, KFN Rep Power: 197 Reputation: 4139	Dont buy it yet. If the market continues to turn in a bearish direction, GM will go much lower. If you must, get the GM bonds instead (BGM) __________________ If you are given a chance to be a role model, I think you should always take it because you can influence a person's life in a positive light, and that's what I want to do. That's what it's all about. Tiger Woods I'm putting in my market order right now on this b! --> TTNP thread title in Premarket 5/7/09..that one is for the ages! Yes we Can...Yes we Will!!!
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05-12-2009, 05:02 PM	#6
Fundamentals VIP Trader Join Date: Apr 2009 Location: Phoenix Posts: 19 Favorites: NRF, XL, LVS Rep Power: 47 Reputation: 764	If you enjoy losing money
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