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Worden Discussion Forum » General Discussions » Stock and Market Talk » Technical-Guru's Call

Technical-Guru's Call Rate this Topic:
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Neonig
Posted : Saturday, August 6, 2005 2:38:27 PM
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Joined: 7/2/2005
Posts: 1
 Sell G.M. as a short sale. You will make money. Today is August 6th. Stay in for a month.
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JLSR
Posted : Monday, August 8, 2005 8:16:18 AM
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Joined: 4/7/2005
Posts: 9
 Especially if it breaks the 50 EMA
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bknight
Posted : Monday, August 8, 2005 9:17:22 PM
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Joined: 12/19/2004
Posts: 415
 Looks like it may hold at the 50 dma, I would short it below todays lows with a stop above yesterdays high.
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robwiley
Posted : Monday, August 8, 2005 9:52:45 PM
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Joined: 3/9/2005
Posts: 71
 Junk bonds GM does look like a laggard here. I heard report GM sold a lot of their debt to a bank and now their looming concerns are staggering costs of employee retirements & health plan costs that is a boat anchor to GM profits. It seems that a short has reasonable odds here with what's on the table for them.
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