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| NASDAQ, AMEX, NYSE Stock Forum Discuss exchange picks, talk and research of stocks on NASDAQ, AMEX, and NYSE Stock Exchange Markets that are ten dollars and over. |
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06-01-2009, 01:28 PM
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Jedi Knight
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Join Date: Dec 2007
Location: Salt Lake City Utah
Posts: 700
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GM - General Motors (NYSE STOCK)
Well, now that they are going to file bk, what does that mean for us day traders.....???? This stock closed at .74 on Friday, opened at .99 and collapsed down to .27!!!! It has then quickly rebounded back up and holding around .80.... Will this stock turn into GMQ???? And those owning GM stock become worth ZERO until out of bankruptcy or do those shares turn into GMQ???? How does this work???? Looking at Pilgrims Pride, Chemtura, and other in and out of bk, (Chemtura still in it), HUGE HUGE HUGE money has been made in a month.... PGPDQ was down to .135 and is NOW AT 5 BUCKS!!!! EPEX wasnt in bk, but that was a cash cow today.... I want to do this same in and out move possibly on this stock.... There are tons of NASDAQ stocks currently under a buck because of March's panic in the mrkt and now people are returning to the mrkt and shoving these back up and quick... Ford was an awesome pick up anywhere below 3 bucks... It is now .80 away from a 52 wk HIGH!!! And its gonna blow that out in nxt 2 months, u just watch!
So, I am getting off track... Can anyone tell me the process of what is going to happen in regards to the SEC rules, and maybe some speculation on what its gonna be worth and a guess of it going down when it gets the Q attached to it or immediately go up....
Thanks in advance...
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06-01-2009, 03:01 PM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 12,290
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re: GM - General Motors (NYSE STOCK)
Yea, you can make money on Q stocks....but they are HIGH risk!
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Plays: VRNG WHZ NOG
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06-01-2009, 06:44 PM
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Jedi Knight
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Join Date: Jul 2007
Posts: 618
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re: GM - General Motors (NYSE STOCK)
Quote:
Originally Posted by BadThad
Yea, you can make money on Q stocks....but they are HIGH risk!
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OK What is the risk? I think it is safe to say GM will survive.
I was looking for a thread on this yesterday.
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06-01-2009, 10:56 PM
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Jedi Initiate
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Join Date: May 2009
Posts: 11
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re: GM - General Motors (NYSE STOCK)
Very interesting to learn the matter about adding "Q". So I will look forward to add my watchlist.
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06-02-2009, 10:30 AM
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Jedi Knight
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Join Date: Dec 2007
Location: Salt Lake City Utah
Posts: 700
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re: GM - General Motors (NYSE STOCK)
With these dips you can make tons of cash on this throughout the day... From .80+ to .67 today so far already!
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06-08-2009, 10:56 AM
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Jedi Knight
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Join Date: Dec 2007
Location: Salt Lake City Utah
Posts: 700
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re: GM - General Motors (NYSE STOCK)
Well Im in last Wed or Fri. at .90 and .953... Up to 1.03 and I think this really gets going here this week!!!! Now that it popped a dollar, this might double over time... Wishful thinking, but breaking that 1.00 level will change alot to the public's thinking, that this stock will be fine! And of course, any good news along the way will really start to push it!
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06-08-2009, 03:50 PM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 12,290
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re: GM - General Motors (NYSE STOCK)
Quote:
Originally Posted by Foxtrot
OK What is the risk? I think it is safe to say GM will survive.
I was looking for a thread on this yesterday.
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How do you know the shares won't be cancelled at some point? That's usually what happens.
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Plays: VRNG WHZ NOG
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
Big Government is America's Biggest Threat!
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06-08-2009, 04:05 PM
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Jedi Knight
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Join Date: Dec 2007
Location: Salt Lake City Utah
Posts: 700
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re: GM - General Motors (NYSE STOCK)
Quote:
Originally Posted by Theboundbook
Well Im in last Wed or Fri. at .90 and .953... Up to 1.03 and I think this really gets going here this week!!!! Now that it popped a dollar, this might double over time... Wishful thinking, but breaking that 1.00 level will change alot to the public's thinking, that this stock will be fine! And of course, any good news along the way will really start to push it!
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Well, up 38.78% today or +335 from today's opening. Im up about 27% overall now on this one... Gonna dump sometime this week PROBABLY... This is a stock u must babysit in case they emerge (gonna be weeks away at least though) and be able to dump in case of that to prevent 100% losses....
As soon as I get to 1.70ish I will sell half for sure... And I do believe it will....
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06-09-2009, 06:39 AM
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Jedi Knight
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Join Date: Jul 2007
Posts: 618
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re: GM - General Motors (NYSE STOCK)
Quote:
Originally Posted by BadThad
How do you know the shares won't be cancelled at some point? That's usually what happens.
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THAT is what I was wondering.  I think I will just watch.
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06-09-2009, 10:57 AM
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Jedi Knight
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Join Date: Dec 2007
Location: Salt Lake City Utah
Posts: 700
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Re: GM - General Motors (NYSE STOCK)
Quote:
Originally Posted by Foxtrot
THAT is what I was wondering. I think I will just watch. |
Gonna be weeks at least.... Probably months... Ill be out of this within the week... Hopefully above 2.00...
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