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Don't buy a stock in a downtrend (+)
Posted by PR (more from PR) on Sun, 6 Mar 2005 16:54:49
In Reply to: So... are you buying GM stock at $35? (2nd try), Dave in Houston, Sat, 5 Mar 2005 16:30:19
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GM stock has been in a downtrend for a while and although this guy puts a the emphasis on good reasons to buy the stock, I wouldn't just jump into it until I see at least a positve "week" of trading. Based on stock charts, if the stock doesn't start moving upwards from hereon, the next area of support is in the ${31,32} range. At that point, the support should be strong and I expect a new uptrend.
posted by 24.157.67...
Posts in this Thread:
- So... are you buying GM stock at $35? (2nd try), Dave in Houston, Sat, 5 Mar 2005 16:30:19
- Re: I guess that depends..., Kirk, Tue, 8 Mar 2005 14:10:15
- GM is like Apple was 3 years ago, Greg Abbott
, Mon, 7 Mar 2005 18:30:58 - Don't buy a stock in a downtrend (+), PR, Sun, 6 Mar 2005 16:54:49 <-- Viewing This Message
- Plenty of good low-to moderate risk no-load funds, Geoff, Sat, 5 Mar 2005 18:40:24
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