Skip to main content
Update
The boards are getting a new home!

We're pleased to announce an update is coming to the community boards.

Sunday, September 25th: We are migrating the boards to a new platform. The site is currently in read-only mode and we will bring it back online as soon as the migration is complete.

Fool.com | The Motley Fool Community
This Board Has Moved

This board has been migrated to our new platform! Click below to continue the discussion on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I've read most of the information on the Foolish Four and Robert Sheard's book on Unemotional Investing. I have a good understanding of the method.

But I, too, am thinking about selling GM and here's why ...

1. At this point, GM is 8% off of its 52 week high. If they execute the GM to GMH trade-in program, there is the possibility that the stock will move up because they are decreasing the number of GM stocks available. But, how much and will be be sustained until December (my time to rebalance)?
2. If I sell near its 52-week high, I would make 20% on my investment (after commission) ... not a bad return. I would move the total amount into one of the new FF stocks.
3. I am concerned that the cyclical nature of the auto business is going to catch up with GM in the 4th quarter.

Taxes is not an issue as these stocks are held in an IRA account.

Any thoughts??

Jammer
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.