{"id":4527,"date":"2010-11-23T01:07:51","date_gmt":"2010-11-23T05:07:51","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=4527"},"modified":"2010-11-23T15:43:38","modified_gmt":"2010-11-23T19:43:38","slug":"your-vote-really-does-count-on-marketclub","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2010\/11\/your-vote-really-does-count-on-marketclub\/","title":{"rendered":"Your vote really does count on MarketClub"},"content":{"rendered":"<p><a href=\"http:\/\/club.ino.com\/trading\/wp-content\/uploads\/2010\/07\/iStock_cgpeople_mcbox.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2367\" title=\"iStock_cgpeople_mcbox\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2010\/07\/iStock_cgpeople_mcbox.jpg\" alt=\"\" width=\"168\" height=\"169\" srcset=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2010\/07\/iStock_cgpeople_mcbox.jpg 168w, https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2010\/07\/iStock_cgpeople_mcbox-150x150.jpg 150w\" sizes=\"(max-width: 168px) 100vw, 168px\" \/><\/a>Let me begin by thanking all of those who took part in our recent     poll on GM. As you know, GM began trading as a new company last     week. We were happy to see that many of you had a pretty strong     feeling about what you want to do or do not want to do with this     stock.<\/p>\n<p>As of this writing we have received 1,744 votes. Out of those votes,     78% of you said you would not be interested in buying GM stock. In     fact, Steve said in his feedback,<span style=\"color: #0000ff;\"> <span style=\"color: #ff6600;\">\"Americans may shun GM but China     is getting behind the wheel.\" <\/span><\/span>I must say that it was interesting for     me to hear that they're selling cars in China. That may be true, but     during my visit I did not see that many Chevys in Shanghai or     Beijing. What I did see were an awful lot of VWs and Audis. These     two brands seemed to dominate the Chinese market.<\/p>\n<p>I'm often asked if I would actually trade in GM stock. Well, I would     when we have more data and a compelling reason to do so. Right now     like many Americans I'm very leery of having the government     involvement in any type of investments. The government does not have     a successful track record in any endeavor that I've seen them take.     If there are any readers of this blog the could share some     government success, we certainly would be happy to post it right     here.<\/p>\n<p>Let's take a look at some of our other comments on GM:<!--more--><\/p>\n<p>This from Jerr:<br \/>\n<span style=\"color: #0000ff;\"><em><br \/>\n<span style=\"color: #ff6600;\">\"Many years ago there was a running joke going in a greeting card       department. There were birthday cards that said on the cover       something like congratulations, you are now a proud owner of stock       in GMC. Inside was a facsimile stock certificate that read: GMC \u2013       Garfinkle Moosetrap Corporation.<\/span><\/em><\/span><\/p>\n<p><span style=\"color: #ff6600;\"><em>Perhaps all the buyers think they are now buying shares in a       company that will make money manufacturing and selling moosetraps.       Or perhaps the buyers expect to find the bigger fools to sell       shares to in the future. I expect GM to quickly run out of both       bigger fools and mooses. Uncle Sam still owns way too many shares       that it needs to sell for over $100 each just to break even.       Either Uncle Sam (and the captive U.S. taxpayers) is the biggest       fool or they\u2019re going to become bloody darn lucky. But then again       perhaps the U.S. can manipulate the market.\" <\/em><\/span><\/p>\n<p>This came in from Matt:<\/p>\n<p><span style=\"color: #ff6600;\"><em>\"I think were looking at a short term pump and dump here.       Considering the Fed needs a stock price in the range of 40-50$\/sh       or so to B\/e, I have a ridiculous conspiracy theory that the price       will be artificially inflated to around that level via big       institutional investors at the helm of the Fed. Considering they       intend too release their position on GM within about 6 months, I       think after that point we\u2019ll see massive sell volume and GM       overtime will come to reflect its true value to the public\u2026.$0\/sh.       They also have not done anything about the $29B in unfounded       pension liabilities\u2026<\/em><\/span><\/p>\n<p><span style=\"color: #ff6600;\"><em>This company hasn\u2019t changed significantly, its all perception.\"<\/em><\/span><\/p>\n<p>Right now there are 54 comments <a href=\"http:\/\/club.ino.com\/trading\/2010\/11\/poll-gm-good-move-or-goodbye-money\/\" target=\"_self\">(read all comments here)<\/a> on this     poll, many of which were similar to the ones above. I wish we could     feature all of your comments as we do appreciate them and read them.     We do not have an automatic robot that just posts everything. Each one     of your comments are carefully read and then posted on the this blog.<\/p>\n<p>So once again on behalf of the MarketClub team, thank you for taking     the time to vote in our GM Poll and also to take the time to make     some very interesting, informative, and insightful comments.<\/p>\n<p>Look for more polls as we find it is a great way to judge what you     are thinking about the markets, life in general in these United     States, and also what the future holds. If have any ideas for polls     that you would like to see please feel free to e-mail us and we will     do our best to create a poll is timely and on the money.<\/p>\n<p><a href=\"http:\/\/club.ino.com\/trading\/about-adam-hewison\/\" target=\"_self\">Adam Hewison<\/a><br \/>\nFor the<a href=\"http:\/\/marketclub.com\" target=\"_self\"> MarketClub<\/a> Team<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Let me begin by thanking all of those who took part in our recent poll on GM. As you know, GM began trading as a new company last week. We were happy to see that many of you had a pretty strong feeling about what you want to do or do not want to do [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4527","post","type-post","status-publish","format-standard","hentry","category-trading-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Your vote really does count on MarketClub  - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2010\/11\/your-vote-really-does-count-on-marketclub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your vote really does count on MarketClub  - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Let me begin by thanking all of those who took part in our recent poll on GM. 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