(GM) How to Make Money Trading Stocks 5-23-08 $42.83 to Bankruptcy 6-1-09

[Tradewithmojo]

$29.17 very close....... now we can trade off the top trend line and 5$ - 6$ gas this summer.

[Tradewithmojo]

New low.... $29.30 last warning if we go under $29.00

[Tradewithmojo]

Falling under $30.00

[Tradewithmojo]

As Japan Shutdowns Drag On, Auto Crisis Worsens.......Because parts and supplies are shipped by slow-moving boats, the real drop-off has yet to be felt by factories in the U.S., Europe and Asia. That will come by the middle of April 2011.

[Tradewithmojo]

$GM New LOW $31.52

[Tradewithmojo]

Analysts warn that big plans by auto executives to ramp up production in China could lead to excess capacity that would hurt their companies’ bottom lines.

[Tradewithmojo]

GM slides to below its IPO price, hitting $32.7

[Tradewithmojo]

There are only two solutions now: either the SEC institutes circuit breakers in muni trading (snicker), or America lets GETCO loose to be a DMM in muni land. Of course, that may mean that the world's busiest HFT firm, may finally let GM drop below $33. Which, in turn, may make all the lemmings who bought up the world's most ridiculously overpriced IPO, realize they are staring at one very big, and very hot potato in their retail accounts.

[Tradewithmojo]

High-frequency trading (HFT) bashing without the firm that made sure GM would not trade below $33 in the first two weeks coming to its defense.

[Tradewithmojo]

GM IPO...... SHORT SHORT SHORT General Motors is poised to become one of the richest initial public offerings in U.S. history

[Tradewithmojo]

The firm faces a hearing on 30 June over its restructuring plan.

[Tradewithmojo]

Under the reorganisation plan, the government would hold 60.8% of a "New GM", with 17.5% owned by the United Auto Workers Trust and 11.7% owned by Canada's government.

[Tradewithmojo]

GM is working to pare U.S. dealers by 42 percent, to 3,600, by the end of next year.

[Tradewithmojo]

A group of top General Motors Corp. executives, including Vice Chairman Bob Lutz, have sold what was left of their personal stakes, according to several filings with the Securities and Exchange Commission on Monday.

"Either way, no matter the outcome, we'll essentially be issuing new stock."

[Tradewithmojo]

GM reportedly to miss $1 bln debt payment due June 1, 2009

[Tradewithmojo]

(GM) Wagoner Steps Down As General Motor's Chief

[Tradewithmojo]

DETROIT, Feb 24 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Tuesday it would use an existing Michigan plant to build engines for its key all-electric Chevy Volt and its new Cruze small car, slashing capital investment costs by $120 million.

[Tradewithmojo]

The White House on Saturday firmly rejected pumping more aid into struggling U.S. automakers out of the $700 billion earmarked for a financial-sector rescue plan.

"We want to see legislation passed at this week's lame-duck session that uses existing funds intended for the automakers that will help them become viable for the long run," said White House spokeswoman Dana Perino.

[Tradewithmojo]

I just paid $1.889 for a Gallon of Gas!

G20 tries to get ball rolling on recovery - but leader bracing for a sharp downturn!

[Tradewithmojo]

There is talk in Congress of possible federal aid for Chrysler, Ford and General Motors. Aid could come in the form of subsidies, tax credits, loans or loan!

[dunkirknewyork]

You have a chart on this bottom yesterday? I think the overall market hit bottom a few days ago, especially w/big money moving out of oil and commodities.

[Tradewithmojo]

dunkirknewyork,

Yes....... did you find it yet?

[Tradewithmojo]

Fitch cuts Ford, Ford Credit to 'B-'; outlook negative

[Tradewithmojo]

General Motors' quarterly loss tops $15 billion as revenue sags 18%

The next 6 quarters is not going to be good..... look for 2010 to start buying GM stock.

[Tradewithmojo]

General Motors Corp. will show just how bad the state of its business has become on Friday when the struggling Detroit giant hands in what many on Wall Street expect to be a massive second-quarter loss.

[Tradewithmojo]

Oil $147.00

[Tradewithmojo]

MasterCard (MA) rallied 4% in after-hours trading yesterday after S&P announced that Mastercard will replace ACE Ltd in the S&P index. Mastercard will replace GM in the S&P 100 index, although GM will remain in the S&P 500 index.

[Tradewithmojo]

New price target is now 7$

[Tradewithmojo]

Goldman Sachs cut GM to "SELL"

[Tradewithmojo]

Fitch has downgraded the Issuer Default Rating (IDR) of General Motors Corporation (GM) to 'B-' from 'B', and assigned a Rating Outlook Negative. The downgrade results from weak economic conditions, the dramatic shift to fuel efficient vehicles and the resulting cash drains at GM that are expected to persist at lest through 2009.

[Tradewithmojo]

Fitch expects that cash drains in 2008 will exceed $10 billion, and that new financing activity will be required over the next 18 months to keep GM's cash position above the minimum comfort level of $12 - $14 billion.

[Tradewithmojo]

After careful review at the charts tonight my prediction of $13.00 by June 18th looks a bit off and should start looking at the $10.00 / $11.00 area with a time frame of Aug - September. I miss judged the high points on 6-3 and 6-7-2008. The candles do not show that we are at the bottom yet.

[Tradewithmojo]

Look for a new video...... $13.00 is not the bottom.

[Tradewithmojo]

S&P added GM and F on the Creditwatch list.

[Tradewithmojo]

Louise Yamada Technical Research Advisors, LLC on CNBC today predicted DOW 10,000 and OIL $140 - $200!

[Tradewithmojo]

According to a little-known technical indicator known as the Hindenburg Omen, the risk of a stock market crash right now is high. Why would a large number of both new highs and new lows be bearish? "Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows - but not both."

The market historically has declined 87% of the time once all five of these preconditions have been met. And the market has actually crashed 27% of the time.

[Tradewithmojo]

GM plumbs historic lows as auto analyst sees bad getting worse.

Deutsche Bank analyst Rod Lache cut his outlook for 2008 U.S. sales to 14.5 million cars and trucks from his previous target of 14.9 million. He also pared his forecast for 2009 to 15 million from 16 million and for 2010 to 16 million from 17 million.

[Tradewithmojo]

The bottom has been pushed out...and deeper we could see under $13.00 now.

[Tradewithmojo]

izohn,

"Mojo, Thanks for all your help. You have made money for me and helped prevent me from loosing money. I thank you for your e mail alert on 4-25-08 around 1PM regarding the Dow. You again were right! The Dow has fallen about 1000 points since that release. You are the MAN. Keep up the great work and well will continue to make crazy money. Thanks again." -- Googletalk

[Tradewithmojo]

Denso Corp., the world's largest publicly traded auto-parts maker, led a decline by car-related stocks, while Sony Corp. headed for the biggest drop in a month. Inpex Holdings Inc., Japan's largest oil explorer, sent mining companies higher after the price of crude surged the most in 12 years.

[Tradewithmojo]

The AAA's national gas price average has reached $4 a gallon for the first time in history.

[Tradewithmojo]

GM sales down 30%

[Tradewithmojo]

GM Seen Cutting Deeper as Recovery Is Sideswiped

[Tradewithmojo]

CNBC Fast Money .... Bearish on GM.

Three more years of pain is a long time to hold GM.

[Tradewithmojo]

SEOUL (Dow Jones)--GM Daewoo Auto & Technology Co., the South Korean unit of General Motors Corp. (GM), Monday said its auto sales in May fell 1.7% on year to 86,036 vehicles, down from 87,525 units a year earlier, on a decline in exports.

[Tradewithmojo]

It isn't the decline of GM that is so surprising. As fossil fuels dwindle and their price rises along with concern about their environmental impact - even as consumption shifts to the emerging markets - they may face challenges in coming decades that rival or exceed those that American car companies face today.

[Tradewithmojo]

There are no two industries as co-dependent as oil and automobiles, but the relative fortunes of big three and big oil have been like day and night as the price of crude hovers near record levels.

"The Detroit three would be fine if the average price of an automobile would go from $20,000 to $120,000," quipped James Paulsen, investment strategist at Wells Capital Management.

[Tradewithmojo]

CNBC: DOW Chemical...... Price Hikes 20%

[Medic37dan]

Thanks for the video Moj! As usual, getting more informative :)

[Tradewithmojo]

Analyst downgrades: General Motors,

[YooberUser]

Ill buy at 13$......

[Tradewithmojo]

YooberUser,

Me too.

[Tradewithmojo]

You can right click on top of the video to ZOOM IN.