O/TStrock Discount SALE

olgentdc · Oct 11, 2008

Ford and GM ,way down ,,, AnY good stocks selling weak right now ?

Traditional Farmer · Oct 11, 2008

Neither one of them is a good stock both companies in danger of bankruptcy in the near future.Market has a ways to tumble yet

kruser · Oct 11, 2008

The way I see almost all stocks are selling at fire sale prices - probably will go down some more but I'm picking up some and averaging down. Like good stocks which pay a dividend more than what I can get on CDs. ADM, CAT, Verizon, Altria, etc. Won't be a quick turnaround but picking up some "interest" and will be ready when this mess clears up in the next couple of years - Hopefully!

Gun guru · Oct 11, 2008

The preferred stock of GM, known as HGM (symbol) is a preferred debt note it pays $1.84/share regardless of the trading price. I bought several hundred more shares on Friday at $3.73/share. 49% return on my investment. Remember that common stock holders will be denied dividnends before Pref. stock holders. If GM goes bankrupt then a whole lot of people are screwed not just me.

O/TStrock Discount SALE

olgentdc

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Traditional Farmer

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kruser

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Gun guru

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