IvanLabrie
Short

GM: Might retrace here

NYSE:GM   GENERAL MTRS CO
GM             , being a high beta stock, really moves, when it does and I think we could see a pullback here before more upside, so it's a good idea to either sell calls against your longs, or simply taking profits and waiting to reenter longs lower, against support.

Good luck,

Ivan Labrie.
Comment: Today's action invalidates the pullback thesis if we don't drop under today's range in the next session. Closing above resistance here is a good start for continuation to the upside. I bought back into my position, risking $2.1 per share. (no sl)
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