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General Motors (GM) 01 (Jun 08 - Jul 10 )
Re: General Motors (GM)
by helios » Sat May 23, 2009 2:44 pm
May 23 (Bloomberg) -- General Motors Corp., facing rising cash needs before a June 1 bankruptcy deadline, tapped $4 billion more in U.S. aid to push its total to $19.4 billion.
GM’s latest loan from the Treasury exceeded a forecast of $2.6 billion, according to a regulatory filing yesterday by the largest U.S. automaker. Detroit-based GM said it needed $1.4 billion more in cash this month than it expected.
Source: Bloomberg
GM’s latest loan from the Treasury exceeded a forecast of $2.6 billion, according to a regulatory filing yesterday by the largest U.S. automaker. Detroit-based GM said it needed $1.4 billion more in cash this month than it expected.
Source: Bloomberg
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Re: General Motors (GM)
by helios » Sat May 23, 2009 2:45 pm
I sold 1/3 of my stocks already, last night ...
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Re: General Motors (GM)
by kennynah » Mon May 25, 2009 1:15 am
San San wrote:ugly black candle tonight
and without a doubt, an engulfing one... with super high volume sell off... hmmmmm......凶多å‰å°‘
Options Strategies & Discussions 
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: General Motors (GM)
by helios » Tue May 26, 2009 9:44 pm
may it be another buying opportunity. Q at 1.
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Re: General Motors (GM)
by helios » Wed May 27, 2009 6:44 am
oppz, the gap was closed; heavy price & movements ... ...
May 26 (Bloomberg) -- General Motors Corp</a>.’s equity would be majority owned by the Treasury once the auto maker’s restructuring plan is in place, said a person familiar with the government discussions.
May 26 (Bloomberg) -- General Motors Corp</a>.’s equity would be majority owned by the Treasury once the auto maker’s restructuring plan is in place, said a person familiar with the government discussions.
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
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Re: General Motors (GM)
by kennynah » Wed May 27, 2009 9:39 am
very big trading range...ie. a volatile stock at this point... writing options is meaningful to capture the extra Implied Volatility...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: General Motors (GM)
by helios » Wed May 27, 2009 9:44 am
ken ge, how to use options? please advise ...
yes, high volatility, based on the long wicks ...
yes, high volatility, based on the long wicks ...
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Re: General Motors (GM)
by kennynah » Wed May 27, 2009 10:16 am
san mei mei...
there is a thread that i started on trading options... please refer to that for an overview.. or click on the hyperlink shown in my signature (bottom left)
but really, i would not advice that you trade options until you have studied for at least 1 year in theory...practiced 6 months on paper.. i have seen the casualty statistics on options trading...some claim that 90% of all options traders lose money... i am in that 90%
there is a thread that i started on trading options... please refer to that for an overview.. or click on the hyperlink shown in my signature (bottom left)
but really, i would not advice that you trade options until you have studied for at least 1 year in theory...practiced 6 months on paper.. i have seen the casualty statistics on options trading...some claim that 90% of all options traders lose money... i am in that 90%
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: General Motors (GM)
by millionairemind » Wed May 27, 2009 7:24 pm
K - You are too modest lah.. 
Anyway, here's a piece of news on GM.
GM bondholders reject offer
Source says few GM bondholders were interested in a proposal to swap debt for stock - virtually guaranteeing a bankruptcy filing in the next few days.
http://money.cnn.com/2009/05/26/news/co ... 2009052704
Anyway, here's a piece of news on GM.
GM bondholders reject offer
Source says few GM bondholders were interested in a proposal to swap debt for stock - virtually guaranteeing a bankruptcy filing in the next few days.
http://money.cnn.com/2009/05/26/news/co ... 2009052704
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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