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General Motors Company Message Board

  • wngr123 wngr123 Jun 4, 2014 2:17 PM Flag

    I hope Defcon is OK

    I'm worried about him. We haven't heard from him in several days, and I'm wondering if he's fallen into a deep depression...or maybe he's just trying to explain to his wife where all their money went. She probably doesn't understand what great tools the 'Death Cross' and 'Head and Shoulders' are, can't fail.

    If he was truthful in his statement to us, he shorted GM on April 3, 2014. On that day, the trading range was $34.73-$35.50. With today's high of $36.88 (so far), he is between $1.38-$2.15 per share under water, depending when he executed. I suppose today's run up has to do with the internal investigation release that exonerates GM senior management according to media accounts, plus the fact that apparently this problem has been shrugged off by the buying public, plus it's old news the front page. And you know what off the front page means, it's no longer of interest to congress, they're off on a VA witch hunt now.

    Oh well, I'm kind of glad he's gone. He wasn't much fun anyway.

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