Did anyone buy GM stock in 2008?

sailfish

Master of Karate and Friendship for Everyone
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?
 
T

Turdferguson

Guest
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?

Looking for a sugar daddy?
 

UpstateNYUPSer(Ret)

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?

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