Gm Short

Discussion in 'Stocks' started by S2007S, Mar 23, 2007.

  1. hels02

    hels02

    But why not wait a few days? Why short now? You know with that upward guidance the stock will pop a few days at least before easing... and when it eases, it will not be to the low before. It just seems like an illogical move.

    I don't follow GM, so I don't know what's going on. Just saw that big pop today. I missed all of the transportation moves because oil has been so unstable.

    It's just odd to see GM doing that, which usually would indicate some kind of big good news beyond what we're hearing about (because only insiders ever know the real scoop before it happens).

    Very curious. I hope you make money, but I'd be ready to bail as soon as you do, because just taking a quick look at the charts, it's not on it's way down... it looks like it should run up.
     
    #11     Mar 24, 2007
  2. hels02

    hels02

    Ok, I really have to ask again. WHY do you think short is preferable to long?
     
    #12     Mar 24, 2007
  3. S2007S

    S2007S

    covered at $31.70.

    broke even.
     
    #13     Mar 26, 2007
  4. Nice, very nice
     
    #14     Mar 26, 2007
  5. Look at it today. It was a good call, i guess bad timing.
     
    #15     Mar 28, 2007