What do you think about General Motors stock?

Question

What do you think about General Motors stock?

Answer 1

I think the entire auto industry is just as bad as the mortgage industry which is just as bad as the credit card industry.

Answer 2

not much.  

Answer 3

Do not buy this thing. It was just a couple of months ago that they decided to dump the Hummer. How's that for having your pulse on the times?

Answer 4

Hi Matt,

I'm glad that I found your question.

GM stock looks interesting at this level. Today it closed at just above $10 a share and continues to sit on it's yearly lows.

It has dropped from it's lofty perch of almost $95 a share in April 2000.

Personally I am a technical investor/trader and have not analyzed the stock using my regular technical methods.

Every once in awhile I will take some fun money and take a "hobby" trade. This is one I think I'll buy. With last month's low being around $8.8 and last month's high being around $16 this could be interesting from the buy side.

A bounce from these current price levels to last month's highs could yield a nice short-term return. The current economic conditions may make it necessary to hold onto the stock in a longer-term trade.

This in no way constitutes investment advice of any type. This is simply my opinion of what looks to be a fun stock play with some decent profit potential.

Let's watch it from here and see what happens.