Online Stock Trading | 113854530714692858

113854530714692858


Filed Under Market Commentary |

My portfolio:

Right now, I am long: GOPCJ.OPA, GOPFH.OPA, GOPFL.OPA, IIGBA.OPA, IIGGA.OPA

Long Silver (SIK6)
Long GE GEFZ.OPA

I am heavily bearish on GM…BIG PUT POSITIONS: GMRC.OPA, GMRT.OPA, GMRX.OPA

GM will not survive under current structure. Announcements in the BIG 3 of job cuts gave GM a boost this past week. The problem with GM is not healthcare, believe it or not…what is it? Ever wonder why GM has so many car brands??? Ask yourself…who buys Buick/Pontaic/Saturn? There is talk that they want to sell a piece of GMAC, THE ONLY PART of GM making MONEY$$$$$…The Company cannot make money with its current product line.

Here is what would make me switch thinking: GM needs to consolidate brands. Keep Chevy/Cadiliac. Merge GMC into Cadiliac and Pontiac/Buick into Chevy. Even this will not save GM, just delay the collapse. At this very time, they should be concentrating on building reliable cars and cars that people would actually drive!!!

Good luck in Stocktrak!

TA ACCT

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