This is the final stage blow off top of the bubble.
You had fun? You had fun with a short position when the stock went up almost 3% and was also up big after hours? Seems like you could find a cheaper hobby. I think you're going to have a lot more fun tomorrow as I expect a pretty good short squeeze on this one.
Your mother should have told you this but life isn't fair. It doesn't matter what you or anyone else thinks GM should be allowed to do with the money. The fact is, this stock is going higher. You got to accept that and not worry about your biases.
There really isn't any reason for fundamental valuation metrics to matter when central banks are doing this.
Lionel, the company is losing money so that cash balance will erode. The product seems to be outdated and competition is fierce so it's possible they will never turn a profit again. In that scenario, why would this trade above liquidation value? Not to mention management will probably loot the company to drain the cash before they go belly up.
It's going to continue. Major selloff in the market today and GM is barely down. If we get the usual comeback in the market this goes back over 38 today. $50 is a minimal target for 12 months out.
Hope nobody got suckered into a short position by this lunatic.
What did you buy in Spain? I agree US market is very expensive however if our markets crash I bet Greece would follow.
Way to go you old cow.
And well they shouldn't. Big boys will absolutely crush them. They may have now decided it's time for our third equities crash in 15 years. It was always certain to happen, the only question was the timing.
That's the big question. Yellen is in continual violation of federal law but she won't stop unless someone makes her.
The difference is the bulls are 100% convinced the Fed will bail it out forever. Maybe they're right but man it's dangerous to keep paying $20 for $10 bills.
Folks, this company is buying back almost 10% of the float and is making big money. You have to be out of your mind not to buy.
Only a good economy could stop this market