General Motors Company (GM)

This morning I sold my holdings in the premarket slightly above $56/share.  I have added back today (at much lower prices) as - though the quarter was very noisy (most notably a $1.2 billion recall charge and some additional second half downtime ref...

With Tesla having recently risen substantially in price and General Motors getting schmeissed today - this could be an ideal time to put on a Long GM/Short TSLA trade. I have put on a separate trade with this objective now.

My average price on the buy is $53.27.

I just bought back the I sold (considerably higher) in the premarket at $53.36 just now. The selloff appears overdone. I also added to  at $13.64.

Break in!  I have sold my long in premarket trading on the disappointing guidance.  I am fearful that this is a crowded long that will have issues with the above.

Some of my longs that I have mentioned recently include , , , , , , (spec), (spec), , , , , and .

* The Fed fails to learn from history  As the Fed debates what to do tomorrow, they are presiding over home price inflation as of May running at a near +17% year over year run rate according to S&P CoreLogic. It is quite astonishing that after the e...

General Motors is issuing a new recall for nearly 69,000 Chevrolet Bolt electric vehicles (EVs) worldwide for fire risks after reports of two new fires. "Experts from GM and (battery maker) LG have identified the simultaneous presence of two rare ma...

Added to , , and longs.

* Trading and investing can sometimes be as seen as much as art as science * To me, both trading and investing should be embarked upon dispassionately, enforced and supported by a sense of where value resides * Some technicians see the recent rollov...

I am adding to , , and .

I am long GM (for an investment) at $53.79. GM is on my Best Ideas List (long).

* Classic "group stink" and "late to the party" comments I placed GM on my Best Ideas List in September, 2020 at $30.85/share based importantly on the appeal of the auto manufacturer's EV line of products and its low P/E relative to other publicly t...

"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15  In a maturing bull market, contrarian views can be enlightening.  I will again note how critical one should look at "Group Stink" espec...

I am reestablishing an old short, a small-sized in Carvana ($309.9).  While CVNA has been rallying, GM has been falling. I expect CVNA to "ketchup" - to the downside.

Danielle DiMartino Booth attacks auto "Group Stink" (everyone loves , , et al): While the S&P 500 is up more than 14% thus far in 2021, automaker stocks are up roughly 4% YTD; auto and light truck assemblies have been below year-end 2020 levels ever...

* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...

* A win for the bears, today * And continued losses for Financial TV  Though well off of the session lows there was less than meets the eye to the market today: * Breadth was consistently weak throughout the trading session (14 advancers for every 1...