(GM) How to Make Money Trading Stocks 5-23-2008

25 Responses so far | Have Your Say!

1. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   (GM) Wagoner Steps Down As General Motor’s Chief

   

2. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   DETROIT, Feb 24 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Tuesday it would use an existing Michigan plant to build engines for its key all-electric Chevy Volt and its new Cruze small car, slashing capital investment costs by $120 million.

   

3. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   The White House on Saturday firmly rejected pumping more aid into struggling U.S. automakers out of the $700 billion earmarked for a financial-sector rescue plan.

   “We want to see legislation passed at this week’s lame-duck session that uses existing funds intended for the automakers that will help them become viable for the long run,” said White House spokeswoman Dana Perino.

   

4. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   I just paid $1.889 for a Gallon of Gas!

   G20 tries to get ball rolling on recovery - but leader bracing for a sharp downturn!

   

5. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   There is talk in Congress of possible federal aid for Chrysler, Ford and General Motors. Aid could come in the form of subsidies, tax credits, loans or loan!

   

6. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   dunkirknewyork,

   Yes……. did you find it yet?

   

7. dunkirknewyork  |  March 29th, 2009 at 9:36 pm #

   You have a chart on this bottom yesterday? I think the overall market hit bottom a few days ago, especially w/big money moving out of oil and commodities.

   

8. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   We tested the bottom yesterday…. new trend line we are on the bullish side again. BUY BUY BUY.

   

9. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

   Fitch cuts Ford, Ford Credit to ‘B-’; outlook negative

   

10. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    General Motors’ quarterly loss tops $15 billion as revenue sags 18%

    The next 6 quarters is not going to be good….. look for 2010 to start buying GM stock.

    

11. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    General Motors Corp. will show just how bad the state of its business has become on Friday when the struggling Detroit giant hands in what many on Wall Street expect to be a massive second-quarter loss.

    

12. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Oil $147.00

    

13. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    MasterCard (MA) rallied 4% in after-hours trading yesterday after S&P announced that Mastercard will replace ACE Ltd in the S&P index. Mastercard will replace GM in the S&P 100 index, although GM will remain in the S&P 500 index.

    

14. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    New price target is now 7$

    

15. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Goldman Sachs cut GM to “SELL”

    

16. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Fitch has downgraded the Issuer Default Rating (IDR) of General Motors Corporation (GM) to ‘B-’ from ‘B’, and assigned a Rating Outlook Negative. The downgrade results from weak economic conditions, the dramatic shift to fuel efficient vehicles and the resulting cash drains at GM that are expected to persist at lest through 2009.

    

17. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Fitch expects that cash drains in 2008 will exceed $10 billion, and that new financing activity will be required over the next 18 months to keep GM’s cash position above the minimum comfort level of $12 - $14 billion.

    

18. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    After careful review at the charts tonight my prediction of $13.00 by June 18th looks a bit off and should start looking at the $10.00 / $11.00 area with a time frame of Aug - September. I miss judged the high points on 6-3 and 6-7-2008. The candles do not show that we are at the bottom yet.

    

19. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Look for a new video…… $13.00 is not the bottom.

    

20. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    S&P added GM and F on the Creditwatch list.

    

21. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    Louise Yamada Technical Research Advisors, LLC on CNBC today predicted DOW 10,000 and OIL $140 - $200!

    

22. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    According to a little-known technical indicator known as the Hindenburg Omen, the risk of a stock market crash right now is high. Why would a large number of both new highs and new lows be bearish? “Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows - but not both.”

    The market historically has declined 87% of the time once all five of these preconditions have been met. And the market has actually crashed 27% of the time.

    

23. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    GM plumbs historic lows as auto analyst sees bad getting worse.

    Deutsche Bank analyst Rod Lache cut his outlook for 2008 U.S. sales to 14.5 million cars and trucks from his previous target of 14.9 million. He also pared his forecast for 2009 to 15 million from 16 million and for 2010 to 16 million from 17 million.

    

24. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    The bottom has been pushed out…and deeper we could see under $13.00 now.

    

25. Tradewithmojo  |  March 29th, 2009 at 9:36 pm #

    izohn,

    “Mojo, Thanks for all your help. You have made money for me and helped prevent me from loosing money. I thank you for your e mail alert on 4-25-08 around 1PM regarding the Dow. You again were right! The Dow has fallen about 1000 points since that release. You are the MAN. Keep up the great work and well will continue to make crazy money. Thanks again.” — Googletalk