Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
So, who is going to come off the bottom? I am looking for a nice little stock to see what happens.
Right now one of the things that interests me is GM. Why? It was 40 prior to the October slam. It is around 10 today. Ouch!.
They are looking at doing restructuring again. Wall Street likes that. Lay off a bunch of people, close plants, screw up towns...Stock pops.
Their main liability is their long term pension issue which is slowly self eliminating. But that is FIXED and a purely known entity.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.