Did anyone buy GM stock in 2008?

Discussion in 'Current Events' started by Sailboat422, Sep 17, 2015.

  1. sailfish

    sailfish Well-Known Member

    I distinctly remember at one point back in 2008 when GM was getting ready to tank, their stock price dropped to not more than a few bucks. Ridiculously low whatever it was.

    I still had a gut feeling they'd recover at some point eventually and considered buying $500 or so worth of stock that I could sell once that happened. For some reason I never actually went through with it and still kick my ass anytime I think of it.

    Did anyone else have the same idea in mind? How much did you buy? When did you cash it in and what was your payout?
  2. Turdferguson

    Turdferguson Guest

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  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    If you had bought stock in the old GM you would have lost everything as that company went bankrupt.
  4. sailfish

    sailfish Well-Known Member

    So what if I am?

    I have a tendency to forget that. Guess I'll have to come back and read this anytime I start thinking about it again.
  5. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    My grandpa did this with Kmart back in the day. Bought it at a few bucks. Then swiftly lost it all.
  6. BadHombre

    BadHombre Well-Known Member

    No, but I did buy LMT in 2011.

    If you can't beat them, join them.