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GM stonk a good play?

BleachedAnusDawgBleachedAnusDawg Member, Swaye's Wigwam Posts: 10,496
First Comment First Anniversary 5 Awesomes 5 Up Votes
Founders Club
edited May 2022 in Tug Tavern
Touts their electrification plans, models in the pipeline, and market growth.

https://www.msn.com/en-us/money/companies/tesla-bull-calls-this-auto-giant-e2-80-99s-2435-billion-electric-strategy-a-e2-80-98renaissance-e2-80-99-and-says-the-stock-could-soar/ar-AALXpfH
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    EwaDawgEwaDawg Member Posts: 3,992
    First Anniversary 5 Up Votes 5 Awesomes First Comment
    edited July 2021
    I've been in and out of GM for about 9 months. Made some $$$. It may very well have some long term potential but I am not looking past the upcoming crash. It'll reboot all of my positions.

    Now isn't really the time to get into many long term plays IMHO.

    Edit. My compadres tell me GM doesn't look so good (not stellar) short term based upon technical analysis. Maybe not bad, but you can likely do better in selected other positions if you can identify them.
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    godawgstgodawgst Member, Swaye's Wigwam Posts: 2,409
    First Anniversary 5 Awesomes 5 Up Votes First Comment
    Swaye's Wigwam
    At this price no. Very Fairly valued in mid 50's. EV is the future, but are they the company to take us there?




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