I would like to say a few things. If you think my post's are worthless, then just skip them. A. Tim, this board isnt for you. Leave.
B. Ray, I would have to agree with you when you told Amy you felt the stock would go down again on Tuesday. C. I would have to disagree about your bottom support level. I would say that support is clearly around $5.00-$5.50. As I speak, more and more people are signing up for portico. We will have to hear from GM reguarding "projected earnings" before the earnings come out. I feel that revenues will be good no matter what, better if we get some advertising, and even better if someone big gets aboard. Its all a guessing game, a black jack hand where the dealers showing 10, you have 17, and all your money is on the line. Do you stay, or take another hit? Well believe it or not, I feel that you will win in both situations. If you buy more GM, you lower your cost per share. Whenever GM goes back up ( doesnt matter when as long as it happens) you make more money. If you hold out I believe it is worth it too. Only thing I am afraid of is selling all my shares so that I can get in at the bottom support, but the bottom support moves up after I sell. I am then forced to quit or to pay more for the shares that I already took a loss on. So I have finally come to the conclusion that unless I come up with more money to buy more... I will just hold out and not worry so much.
I think that I wont post for a while and I will tend to other things for the next week. Thanks for listening all and I will talk to you on Friday or Sat.
Thanks
Good luck and God bless
Smoo2001 |
