anyone own any gm stock? is now a good time to buy? it's currently trading just under 4$ a share, but my thinking is if the gov approves the bailout bill that gm would produce a good return, i have never bought stock before and i'm looking to get into it. also the same deal with ford, they're share price is just about 3$ and if they get bailout bill they should have a nice jump, correct? not saying i would hold onto the stock very long, unless gm starts to turn around for good or at least the forseable future. but the down side is if they go under i'm out whatever i put in, i was thinking about throwing 500$ at gm and see what happens.
any opinions greatly appreciated.