GM Shares; To buy or not to buy

Enki

Active member
So I'm sitting behind my computer (I never understood that quote. You're actually facing the front of your computer and not the rear...odd :blink: ) and I'm wondering, should I or shouldn't I buy GM stocks.

The stock has shot up 37.5% on Friday on news of its emergance from Bankruptcy protection.

I feel like jumping in, but I'm not sure how the market will fare. Will this "New GM" suceed or ultimatly fail once again?
 
I check out the Ford commercials and the advertising of "employee pricing" and receiving $100.00 if you test drive its car but purchase a competitor's car instead sparks interest.  The marketing scheme is pretty persuasive but consumer's confidence in the product itself is pretty weak.  Although GM has a bad imagine at the moment, the cars are affordable and there will be consumers who based on their financial status will choose GM products as their option.  I guess the restructuring can bring some hope to the company.  If anything, purchase an amount of shares which you don't mind losing.
 
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