Posted on June 3rd, 2008 at 01:07 PM
Barron's does it again with a horrible recommendation to buy GM.
GM (GM) is not a buy. GM is a sell. It is trading lower than it traded in 1991. Why? Because it is a financing company and it's significance is deteriorating before our very eyes. How can I say this? Look at the price. Price is what matters. A simple analysis of price tells us that GM is a sell. Journalists that do not trade do not help your trading. Having an edge and a process that exploits that edge are the things you need to make money trading. Read good blogs, don't read Barrons. Stay away from GM. You will be glad you did.
