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General Motors Company Message Board

  • basicknowledge@att.net basicknowledge Dec 19, 2012 8:50 AM Flag

    Dunderheads - Sold Short GM at 28 pre-market

    Fools buying in here. Only scared ones are current shorts, and if they can hold out, they will be rewarded. Gov will have to keep putting out shares to sell. While the Gov stops buying things from GM and other companies, because they have to. Would you REALLY want to own shares under that scenario?

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    • (((Fools buying in here. Only scared ones are current shorts, and if they can hold out, they will be rewarded. Gov will have to keep putting out shares to sell. While the Gov stops buying things from GM and other companies, because they have to. Would you REALLY want to own shares under that scenario?)))

      You are exactly right, on all counts. The reason I predict it will still go up is, there are a LOT of fools out there. Last time the euphoria hit them, they drove this pig to $37+. Nothing surprises me with this many poorly-informed investors.

      -web

      Sentiment: Strong Sell

 
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