I made a small fortune today, GM stock up $1.33

[Oracle of Delphi]

I have been investing up to my neck in GM stock the last 4 months, that plus what I already own or what GM has granted me over the years, has made me a small fortune today. Today was a good day on Wall Street.

[Robert Hall]

Nice to see my GM stock up today...but alas, my Daimler AG stock is down.. but my Cisco, Google, Apple, Sun, Microsoft and Boeing stocks were all up...woo hoo.

[regfootball]

is the pre election spin starting?

[mustang84]

I've been slowly buying up Ford stock and now have 250 shares. It's not much, but I don't really have much disposable income right now either. My price average is about $4.75, so as long as it goes above that I'm happy. Quite a few are predicting $10 again soon, and maybe $20-30 by 2010...so now I just have to sit tight.

I haven't jumped on GM yet...it's pricier than Ford, but I'm thinking about picking up some within the next 3 months as long as it stays under $15.

[Satty]

Nice to see my GM stock up today...but alas, my Daimler AG stock is down.. but my Cisco, Google, Apple, Sun, Microsoft and Boeing stocks were all up...woo hoo.

Apple just released the new iPods, so of course their stock is up a bit, but isn't there a strike at Boeing right now? I would have assumed that would cause their stock price to stay still, if not drop.

[Robert Hall]

Apple just released the new iPods, so of course their stock is up a bit, but isn't there a strike at Boeing right now? I would have assumed that would cause their stock price to stay still, if not drop.

Yes...I would have expected Boeing to drop, but it went up a bit today..

[Delta Force79]

Woot, out all of the companies I own shares in, GM is the one I have the least amount of shares in. All of my stocks were bought in my name by my grandmother during the 80's, including the GM shares, no doubt her decision to buy a small amount was driven by GM's low quality products and the uncertain future the company was facing then. I'm even surprised she bought any shares at all. I'm actually about to sell roughly 250 shares of my stock in PPG Industries, to help fund some much needed work on my Riviera.

Edit- she bought them in the 80's not the 90's.

Edited September 12, 2008 by Delta Force79

[Oracle of Delphi]

is the pre election spin starting?

No the US Federal Government is about to give the big 3, half the money they wanted.

[longtooth]

No the US Federal Government is about to give the big 3, half the money they wanted.

Aim high, get near what you want. Old negotiating tactic. I believe they'll get the rest too. In Pelosi I trust....

[ZL-1]

The Big3 don't seem able to do much more than restructure debt, and hope for better days. They can make it, but I am not as bullish as I was a couple of years ago

[daves87rs]

It's going to be interesting, that is for sure...

[ZL-1]

It's going to be interesting, that is for sure...

If and only if that cheap money is used to bring NA operations back to profitability...

[longtooth]

If and only if that cheap money is used to bring NA operations back to profitability...

Once GM has encapsulated and packaged it's "legacy" commitments and an economic recovery takes hold across the globe things will look a lot better for General Motors going down the road.

[GXT]

I have been investing up to my neck in GM stock the last 4 months, that plus what I already own or what GM has granted me over the years, has made me a small fortune today. Today was a good day on Wall Street.

Question for you. If you take $100 to the casino, lose $90, and then make $10 on your last $10 (so you leave with $20) did you:

a) Double your money?

b) Lose 80%?

I ask because if you've been buying for four months then you have been buying at $15+. If you've had stock for years then that may have come at $20, $30, $40, or even $50.

The stock closed at 11.45 today.

So did you sell in time or did you lose a "small fortune" today?

[Oracle of Delphi]

Question for you. If you take $100 to the casino, lose $90, and then make $10 on your last $10 (so you leave with $20) did you:

a) Double your money?

b) Lose 80%?

I ask because if you've been buying for four months then you have been buying at $15+. If you've had stock for years then that may have come at $20, $30, $40, or even $50.

The stock closed at 11.45 today.

So did you sell in time or did you lose a "small fortune" today?

I'm in until the Volt comes out, then I expect GM stock to go up 10 - 20 fold.

[longtooth]

The stock been a part of my PSP since the 80's as well as part of my discretionary portfolio. Loyalty to GM keeps it where it is and in consideration of my age and assets there it will stay.

[2QuickZ's]

I bought 250 shares a month or so back at $10.40/share. I wish I had bought another 250. I had the money but was waiting for it to drop back below $10/share, which it did but I didn't react in time. The bad part was I was looking how far it had gone up on Friday and was thinking of selling short this morning but thanks to after hours trading over the weekend, it had already dropped by $1/share by the time the market opened. Since I have a real day job, it is tough for me to react quickly. Oh well, missed opportunity I guess.