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

[murray t turtle]

Quote from traderich:

Is this the dead cat bounce or have we finally turned the corner?

=============

I like my 1995 GM old oldsmobile and & think GM may polar bear trend to about $7 or less. Auto Zone parts manager put a non GM part on my GM, said he though GM would go bankrupt.

Would rather close a polar bear trend early than late;
& differs from prefer/ closing a strong up trend a bit late .
Prefer Close shorts early on GM cause they gap GM up & run it up 3-5% or more.

Figure most daily GM bounces except when GS upgrades it etc...;
to resemble a bouncing basketball/downstairs direction, bouncing up some , but still downstairs direction overall.

 

[GlobalFinancier]

The bottom is here. BULL

 

[murray t turtle]

GM Still in a long fundamental/technical downtrend;
however looks like longs are trying real hard to mess up the shorts.

First time in a long time GM closed above 50 day ma several times .

 

[GlobalFinancier]

GM up 3.47% today.
Wait for more to come!

 

[krazykarl]

Quote from GlobalFinancier:

GM up 3.47% today.
Wait for more to come!

it was kerkorian buying back his shares - got killed in my short position because of it.


i hope he enjoys my pain.

 

[GlobalFinancier]

Yeah, I'm selling. The charts lied.

 

[The Kin]

hahaha!

The lost was so much bigger than expected. Hopefully it will send this piece of shit company to the grave sooner. Now c'mon Fed... raise interest rates and drown them with higher debt service.