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Registered User Joined: 7/2/2005 Posts: 1
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Sell G.M. as a short sale. You will make money. Today is August 6th. Stay in for a month.
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Registered User Joined: 4/7/2005 Posts: 9
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Especially if it breaks the 50 EMA
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Registered User Joined: 12/19/2004 Posts: 415
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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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Registered User Joined: 3/9/2005 Posts: 71
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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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