Should I Now Buy GM stocks since it's down?

Question

GM stock is down to $9.84. I've heard buy low and sell high. Is it now a good time to buy GM stocks.

Answer 1

you would probably do better buying indymac bank

Answer 2

Unless you've read something that all of us have not, I would definitely not buy any shares. Watch the news and wait for a low point or until they announce they are getting rid of their gas guzzling  vehicles.

Answer 3

New lows every day, just suspended their dividend today.   Does not look good for GM.

Answer 4

NO it will keep falling your best bet right now is to short the market

Answer 5

HOW DO YOU KNOW THEY WONT SINK.

Answer 6

Probably not.  Auto manufacturers are considered cyclical (meaning they do well for a while, then poorly for a while).  Experts such as Peter Lynch often recommend not investing in cyclicals unless you have detailed understanding of the cycle and some reason to believe it is starting an upswing.

Add to this the current trouble at GM and the overall chaos of the market and there is no telling when (if ever) it will head back up.

Answer 7

In a bear market it is NOT smart to try and catch a falling stock.

Very risky.