Buy GM, yes GM

Discussion in 'Stocks' started by stock_trad3r, Nov 7, 2007.

  1. I know the company is in some trouble

    But at this stage A LOT of bad news is priced in. CNBC had the CEO on this morning and he seemed to present a very compelling argument for hte longterm success of GM in spite of these recent difficulties.

    The Chart and trading activity is quite bullish.

    There is a TON of support in the 34 levels.

    And GM has a tendency to surge 2-3 points easily while other dow stocks are only up 30-60 cents or so.

    See GM going to 40 wihout much problems
  2. gobar


    GM = the worst stock in dow 30.

    buy citi, WM, even RDN looks better then GM.
  3. RhinoGG

    RhinoGG Guest

    Long GM it is then!

  4. Egodude


    That loss was huge for 3Q, but alot of it was a write-off.
  5. Dogs of the Dow strategy works.
  6. ntt


  7. So far holding steady 34
  8. horrible idea... gm may not show a profit for several quarters or even years
  9. If I would not buy their crappy cars I certainly would not buy their crappier stock. RIP detroit - you fucked up! And the saying "As GM goes so goes the US" is sooo passe. Despite the fact I am not a US bull, low price stocks and midcaps can still flurish in the US log passed when GM will no longer trade....
    #10     Nov 8, 2007