GM..Dead cat bounce or are we at bottom?

If we see a break above the downtrend trendline, it will go up sharply...
Of course, no one believes me, but that's what I want with my big predictions... Then everyone comes and ask me, "What do you think of buying GM now" after it has gone up 50% in 2 days.

 

Dammmm...GM's up big today.

Closed my naked puts a couple days too early.

 

Long GM.SPECULATIVE!

 

I would say buy it at $20 and sell it at $25 if it goes

 

Word is kerkorian is going to ask the board to reduce the yield. Just flipped my position short after a few good sessions.

Does anyone else have any news?

 

Time to sell at a small loss... I was wrong .

 

and i for you... GKM

 

GKM too risky, unless you are holding for the longer term, which then makes GXM or any GM holding risky.

When GKM was at $19 and change and GXM was at $24, GKM was a steal. Now there is no advantage to GKM and it is overvalued in relation to GXM.

GBM is another interesting one...


nitro

 

shorted at 22.20

 

GM just bounced down at what has become a trend top - at 22.4.

Unless it touches 23 I wouldn't care much for GM. Even if it touches 23 - signaling at trend reversal - I wouldn't grab it...