Buy GM, yes GM

S

stock_trad3r

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
 
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....
Quote from stock_trad3r:

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
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