hmm, sorry, i am quite new to stock trading etc.

why here you said option instead of the actually stock?

i did some search on difference between stock and stock option....

why you buying option here? it seems more risky?

^By that I meant GM's stock is so cheap right now, buying a hundred shares of them is the same as buying an option on GM, since most option are for 100 of shares of a stock.

and the risk/return potential is similar too, it can go to 0 or go up 20-30% in a day/week.

It all depends of if you're playing speculative bets or actual proper trades.

If you have some money to lose then dump it in there.

hopefully no1 was holding too much short positions coming in to the week. looks like faz will never break 6 again and market is just on fire there is no word describing it lol.

manipulation anyone? we'll see whether the market hold onto their gains or de ja vu again where we see all red days to friday close.

Can someone explain what FAS and FAZ is to me? I still don't quite understand what it is.. or the difference between them

guys, been watching GM stock for couple days, it dropped from as high as $ 2.3 a share back to $1.16 a share in just 3 to 4 days. my buddy bought a fairly large amount at 1.9 something.

So all the information so far is that GM is very likely to declare bankcrupt (or bankcrupt protection in a few days). Since i am a newbie to stock trading, what kinda impact should be expected for this ? Falling stock price?

^What else do you expect to happen to GM's share under Chapter 11?

:)

I am currently a pround owner of 15 shares of ABX.to, nothing else. Got out last Friday.

I am gonna buy some USD now

why it is good time to buy USD? some info pls

if gm doesnt file for bankruptcy and gets out of this one, your friend will most likely get his money back and maybe more. if it files that chapter 11, the stock will be worth pennies..as it stands, the price of gm is in the middle of that $1.90 entry point and the pennies.

to assess this, do your friend believe theres more than 50% chance of not filing for chapter 11? baccarat is close to 50/50 in the casino so maybe thats a better choice. good luck as i think time is running out for your friend.

oh well, its not entirely 50/50. cuz the time he bought the shares are GM just closed a deal with UAW and offering bondholder shares in exchange of debt, which was good signs that GM can still keep up. ......

Unless someone has insider information (which is obviously not the case here) this kind of stock trading is like gambling only worse. These are the same people who argue with me that trading stocks is the same as gambling. If you make trades like that you are leaving most of it to chance.

I would rather go to the casino since you can double your money in a few minutes. The stock market takes much longer :)

good time to sell GM...

Well because I believe CAD is over valued against USD right now.

.9 is the target I set to buy USD with CAD

sooooo did not expectto see it this low. TD is giving me 1.1x per usd. kinda makes me not wanna change any!

today's rate: 1.11 something isn't it?

i'm still waiting. seems like commodities are rebounding like a mofo

GM's last day on the DOW

why are ppl on this board buying gm shares. that thing is worth nothing. will go to zero

Gamblers..

1.09 now...thinking about loading up again hahahah

cause it's gonna rebound back up to 30/share....really

works for me even if the green back does deicide to keep free falling
since im in hk right now and 1usd will always be trading between 7.75 to 7.8 hkd

i will just change my cdn to usd tho if it starts getting close to par.

win win:thumbsup:

btw keep buyin us securities...
when the dollar keeps falling there will be a lot of fresh capital injecting in the US market..
pop it goes..!!

true, when they start doing a 100-1 reverse split, that will happen :haha: