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.
By Joel Stahl
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