Wednesday, July 16, 2008

General Motors (GM 11.17)

My research upon the automotive industry got into high gear just yesterday with the headlines of GM's restructuring. The stock is up 14% today. It's a Low Pole Reversal signalled just today. The stock will likely settle and allow time to accumulate a low position if warranted. My question before yesterday was, "how much more can they (US auto manufacturers) take?"

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