Gm ipo
 

What are your thoughts on buying this stock? bargain or overpriced???

I believe that the long term prospect will be rewarding, but I'm unsure if this current price is a good bargain. I think it is a little high.

On the other hand my gut is telling me that this is going to be like netflix when I was talking about buying it during the recession at $16/share and now watching it at $170/share.

Investing in single stocks is a high risk game unless you are an expert about the company, its market, and its competitors.

Unless you really believe in the company and are investing for pride reasons.

I put some money down this morning. I am willing to venture near term fair value is in the low forties.

and then once people realize they bought into a stupid company that will still fail...