What's you take on the fallen stocks?
#1
What's you take on the fallen stocks?
Take for example the American car companies, it seems as though they have hit near bottom (hopefully the companies don't go bankrupt), but what do you guys think about buying these type of stocks? The ones that have been hit and there is no near sign of turn around? Or for example stocks related to the housing market?
I want to start investing in stocks and just seeing how people feel about these..
I want to start investing in stocks and just seeing how people feel about these..
#2
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Domestic car companies may be done unless they can reinvent themselves and create cars that appeal to the general public. Let's face it- gas guzzlers just aren't as popular anymore. I honestly think one sector that got hit hard and is a good buy are gambling stocks (lvs, mgm, wynn). Just remember that when you buy stocks, it can take you quite some time (possibly years) to recoup/make money.
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Originally Posted by Zippee
Stocks like these are down for a reason.....
#6
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It depends on what oil and the dollar does. As oil goes up and the dollar goes down stocks go down. As oil goes down and the dollar goes up stocks go up. The DOW was at 13000 a few months ago. It went under 11k at one point. Wachovia is down from 55 and at one point 7. Its a risk but now is probably a good buying time.
#7
yeah its definitely a good buying time.
now take GM for example, they have this whole restructuring plan for the company, im not saying its going to jump into the black overnight, but it might be a solid long term investment. The stock is about 10 dollars now and i can only imagine withing 2 to 3 years it at least going up to 20 at some point..say even 5 years from now which at that point could be a 20% annual return. Now obviously this is only speculation and that's all it is because it along with the other american auto manufacturers may go bankrupt. In any case, yeah i'm just feeling it all out right now and trying to learn more about the stock market.
now take GM for example, they have this whole restructuring plan for the company, im not saying its going to jump into the black overnight, but it might be a solid long term investment. The stock is about 10 dollars now and i can only imagine withing 2 to 3 years it at least going up to 20 at some point..say even 5 years from now which at that point could be a 20% annual return. Now obviously this is only speculation and that's all it is because it along with the other american auto manufacturers may go bankrupt. In any case, yeah i'm just feeling it all out right now and trying to learn more about the stock market.
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#8
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I agree that GM and Ford would make a good long term investment (more than a year).
I've been looking to buy into Ford for awhile now (last couple of years), but everytime I go to pull the trigger, the stock falls again...
Jan 08 was a good time as was a few weeks ago.. I think something under $5 is decent for ford, and we should see them hit 9 again in the next couple of years...
I like Ford better than GM because Ford has enough cash to make it thru a rough couple of years, while GM has already started to borrow....
I've been looking to buy into Ford for awhile now (last couple of years), but everytime I go to pull the trigger, the stock falls again...
Jan 08 was a good time as was a few weeks ago.. I think something under $5 is decent for ford, and we should see them hit 9 again in the next couple of years...
I like Ford better than GM because Ford has enough cash to make it thru a rough couple of years, while GM has already started to borrow....
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