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URL:  https://boards.fool.com/d149-ive-owned-shares-of-gm-since-91-and-i-must-18627696.aspx

Subject:  Re: Dividend Cut Date:  2/21/2003  3:09 PM
Author:  Minifig Number:  2534 of 7023

d149: I've owned shares of GM since 91, and I must confess this investment has been a dog.


I find this stock to be predictably cyclical. I have owned it off and on for several years now, and have made a lot of money from it. I don't believe in long term buy and hold. Sell it next time it goes up, and buy it when it goes back down. I don't know when it will go back up, but I know that it will. I sell when I've made $20.00 per share. Then, when it drops again, I buy again. The times I've bought it was always in the high twenties, and I always sell in the high fifties. This way dividends are gravy. I have a Roth IRA, and therefore, no capitol gains tax.


Cib (wacky Fool)

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