Should I buy or sell GMGMQ
Should I buy or sell GM?
Answers
426 points
MONEYTREE answered 4 months ago …
sell gm, that stock is probably gonna be worth nothing eventually, there are hundreds of penny stocks that might actually make you more money than gm and you dont have to wake up every morning wondering if your shares are still there, im guessing you only want to make a quick buck, but if you plan on buy and holding gm, thats a bad move i believe to much risk
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2082 points
alanj answered 4 months ago …
Sell if you can. Most of the time the old stock of a company that comes out of bankruptcy ends up worthless. And the old GM has a lot of debt. The loan holders and bond holders will be paid back first before the stock holders are paid. There probably won't be any money left by the time they get to the stock holders.
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jrj90620 answered 4 months ago …
Sell It.They say they are going to pay back the taxpayers the $50 Billion they owe.I don't know how they could do that with the company being much smaller,competition being greater,etc.Buy yourself a good gold stock.
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