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No. of Recommendations: 1
As I said before, I was gifted some GM stock. I plan to keep a good chunk of it but I was thinking of cashing some out to invest in other things.

Is there any reason that I can't trade my GM stock for GMH and then cash in the GMH for cash? (Yes I understand I will have to pay capital gains)

When you do this trade do they use the selling price of the stocks on the day you decide to make the trade or some other price?

Is there anything stopping me from doing this? If I know I want to cash in xxxx shares of GM stock don't I come out ahead by first changing it to Hughes and then selling it to invest in something else?(higher price and you get 1.06 shares for each 1 share of GM, is this right

Again thanks for you help. By the way we have been playing the stock market game on paper for quite some time (as a few suggested I do first since I am new at this "stock thing") and we have made a good amount of profit, however we have not taken into account the fees we would have paid for the trades we made and even more importantly we have traded in a very risky manner, something I probably wouldn't have done if it was real money at stake!!

Susan
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