timwest
Long

General Motors -GM - Daily - The magic 85% of book value buy sig

NYSE:GM   GENERAL MTRS CO
523 15 6
The MAGIC 85% of BOOK VALUE LEVEL
Has NAILED the bottom the last 3 times.
Do you think fundamentals matter?
Yes they do.

Tim
10/23/2014
I published this yesterday morning but somehow it didn't publish. So, I understand if you feel that this is "late". GM             is over $32 pre-market this morning on earnings release.
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2use
2 years ago
Top notch observation!
Reply
tompower
2 years ago
U nailed a short with that neckline
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2use
2 years ago
Still down 3% so far from that top.
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timwest PRO 2use
2 years ago
I'm close to buying here. If GM goes down, then my short positions will more than make up for it.
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HexVex timwest
2 years ago
??
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timwest PRO HexVex
2 years ago
Here's a picture of this trade...
snapshot

+2 Reply
2use timwest
2 years ago
Not sure if i got you correctly. You got short positions before long ones on GM?
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timwest PRO 2use
2 years ago
My other short positions in other stocks - Sorry I wasn't clear. WFC, SPY... etc....
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timwest PRO
2 years ago
Updated chart - close to a buy -
snapshot
+2 Reply
timwest PRO
2 years ago
GM - working GREAT.
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2use timwest
2 years ago
Took it a whole to clear 32.
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timwest PRO 2use
2 years ago
I am happy with it - If I can make $1 a month on GM then I'll make 36% return a year. Boring profits. Zero pressure. Love it.
+3 Reply
2use timwest
2 years ago
I added the position when i saw your long chart support my long thesis - so we're both hoping for that dollar :)
Reply
I never thought about looking for the lurking fundamentals buyers on a price chart.
+2 Reply
timwest PRO QuantitativeExhaustion
2 years ago
GM is really rocking now - A very strong return from this entry. Now I think Volkswagen looks like a more interesting buy (VLKAY).
+1 Reply
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