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

[GlobalFinancier]

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.

 

[Choad]

Dammmm...GM's up big today.

Closed my naked puts a couple days too early.

 

[GlobalFinancier]

Long GM.SPECULATIVE!

 

[ksonsinc]

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

 

[krazykarl]

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?

 

[GlobalFinancier]

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

 

[ElCubano]

Quote from nitro:

I have three letters for you:

GXM

nitro

and i for you... GKM

 

[nitro]

Quote from ElCubano:

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

 

[krazykarl]

shorted at 22.20

 

[flies]

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...