O'Reilly will be on soon better get to it or maybe Lou Dobbs is your cup of tea you know the guy who used to defend the middle class and the American worker when he worked on CNN but suddenly found "religion" when Ruppert dropped better money in his lap. I watch Fox Business on occasions each night do they ever have a positive story on about anything? I guess there were plenty from 2000-2008. By the way I tip all the union and non-union guys who perform service in or outside my home very well and more than 20% at restaurants who hires the slave labor that you love. Any illegal nannies or gardeners around your home?
I dream almost each night but tomorrow I would guess we won't be dreaming that GM will be up over $2 off that best case short covering low a few days ago at some point on Wednesday. As for myself (not speaking for others) I would buy or lease a car if I liked the models from any manufacturer that is now under the microscope to make a much safer car especially when the company has now changed how they handle the way they are assembling their vehicles, most likely reviewing how they order parts and staying on top of recalls. Wake up calls like this almost always make a car manufacturer put more effort into how things are done. I doubt if I'm alone with that type of thinking as far as the buying public feels. I guess we will see about all the items you listed if they come to fruition. Like I said earlier the estimates may be so low that they may match or beat if they do you will see a substantial squeeze I believe. Once you see the next leg of the story in the media surface it will probably take a smaller hit but it may be over $35 by then. Let's not forget this is about trading and investing and I am angry at the way GM handled this over the past bunch of year and am extremely saddened by the loss of life and the affects on the families. As for myself I have owned Buicks and Oldsmobiles on and off during the years involved so it could have been me at some point although it was not the models I owned. Finally I would like to see Mary Bara gone since she was some kind of VP of Global Operations during the period of time in question.
It's still cheap (foward P/E 8.93) but the share price did go up the past few days and with the INTC and YAHOO afterhours moves it may break $34 tomorrow. A decent amount of stocks are a bit higher in the afterhours. Must be piggybacking the AH earnings. Of course the 9:30am open is a long ways off Putin can pull something overnight.
I short frequently too but you guys may have missed that under $32 chance to max out your gains. The media has put it on the back burner for now and that always plays a significant role on how a stock involved in controversy trades from day to day. The market is pricing in a poor report at this point imagine if GM beats on revenue and comes close to an adjusted EPS.
It is a buck and a half off the lows the other day. That was the time to cover for the maximum gain. This held up very well when the market was down 100 plus earlier. It appears the trend is higher at this moment. I see $34 then $35 before earnings possibly by Friday. You spend a lot of time spinning here maybe you should have covered a few days ago at those lows but you are the expert from what I keep reading.
You may have seen a gap get filled today on the HGG news and the Cramer comment. If the Ukraine sent a message to Putin today and he starts to pull his goons out and April 15 has come and gone BBY may start to move higher again along with the cheaper stocks in the market. Take a look at CONN's today because two major shareholders bought over a quarter million shares in the open market. Could you imagine if Schulze and/or Joly bought a decent amount of shares with the profits they made last year from selling? Did you cover any on the extreme dip this morning? You may have missed the maximum gains for now. I short frequently and would have covered everything where I was buying BBY earlier below $24.50 to $24.28.
I believe BBY will close above $25.25 will have filled a gap a proceeds back upward especially if the Russian-Ukraine nonsense moves to the back burner. I think Putin underestimated that the Ukraine would not fight back and they have sent him a message along with the thugs he sends into the towns.
Have you covered any yet? It may appear that about 90% of the bad news is in the stock. Remember where TM was and went to. This will be back above $34 and near $35 soon and if The Ukraine gets the Russians out it will be there faster. You're right it got cheap for a reason because negative headlines shook out weak hands including funds. The market has already looked past any near-term loss and will be factored into estimates at this point. If they actually report a good quarter you will see a major short squeeze and this will be back above $38. GM reports on 4-24 and the average is .40 with the low of .15 and the high of .67. That range is big enough to drive a truck through which may actually help GM at earnings.
Relax walk away from your screen and get something to eat. Like I said earlier it's a combination of four events that came together today to shake out the weak hands. This stock was at $27 plus a few days ago and I believe it will close over $25 today rational investors will get back in realizing they are not HGG in any sense. When Cramer said minutes before the open it will get hit that was his signal to his hedge fund buddies to slam the stock. They may have to flip their trades into the close. The market was down over 100 because the Ukraine shot at some undercover Russian soldiers at an airport. The retail guy that left was replaced by one with 21 years at BBY. That's not really a panic signal to me.