GM Dealers Buy $1M in GM Stock

[dindak]

I bought another 500 shares at $9.88. So far so good.

GM is way over sold and way too cheap not to buy. They are not going bankrupt anytime soon. I will probably sell 1/2 of my shares when we get back to $15 and ride the balance.

[RB35SLT]

Originally Posted by GMusa

GM needs to lose HUMMER and GMC..and turn saturn into a high mpg brand .. then they should pretty good.

Pointless.

[Aries]

I bought ~$5K worth when they were just over $11 per. Then I bought another ~$5K worth at $10 & change and I also bougth close to $7.5K when they were at $9.88.

In for the long haul most of the time, may sell 1/3 of the shares once price is over $15 per.

[dindak]

Originally Posted by Aries

I bought ~$5K worth when they were just over $11 per. Then I bought another ~$5K worth at $10 & change and I also bougth close to $7.5K when they were at $9.88.

In for the long haul most of the time, may sell 1/3 of the shares once price is over $15 per.

Well done. There is risk no doubt but not much in the shorter term. The shorts are covering I am sure, they will be out of the stock in the coming weeks to move on to the next story.

[steverino]

Originally Posted by blkwrxsti

I know it sounds like a MLM gimmick (there's probably some SEC rule or something), but this is the sort of thing that might catch on -

What if GM gave everyone with at least $100K of stock (not options, not mutual fund shares, not 401K funds; just STOCK) the employee discount? Even if there were other hurdles, like you have to call the GM stock number, and you have to have owned the shares for more than 6 months.

The theory is that this person is obviously acting like "part of the family", so maybe they should be treated like family... People's 401k's and e-trade accounts aren't doing so well right now, so right now, this might get people to say - I might buy a car in the next year or two, maybe I should kill two birds with one stone.

From GM's point of view - since they killed off the dividend, it might be a good enticement for some actual people to buy and hold (not institutional types and employees that will buy and sell based on earnings reports and outlooks).

On second thought maybe I should buy $100k of stock before suggesting something like this on a public forum...

Instead of a Rebate, buy a HUMMER or SUV and get 500 shares of stock. Call it the "Do you feel lucky" days at your GM dealer

[Buickman]

GM dealers are truly a very loyal bunch. management should be much more appreciative of their franchisees. God bless them.

[johnny smallblock]

Originally Posted by Buickman

GM dealers are truly a very loyal bunch.

Except for one.

[Buickman]

Originally Posted by johnny smallblock

Except for one.

not a dealer, only salesman. and proud of it.