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July 20, 2005
GM (and Ford) in trouble, Wed., July 20, 2005, 8:26 AM
So you listened to the CNBC stock promotion of GM?
Fool you once, shame on CNBC; fool you repeatedly, shame on you!
The Street had you believing that GM would make a profit this quarter. Not!
GM just lost -$0.56 per share. Now the talk of losses, and healthcare costs will take over the airwaves today.
Didn't I write this script a few days ago?
When do some people wake up and smell the garbage they get fed daily on some popular financial TV entertainment shows? These auto stocks could be the biggest shorts on the board thanks to Mr LeBeau.
Go, go LeBeau!
Posted by Posted by Bill Cara on July 20, 2005 08:27:06 AM | Category: 25 Cons Discretionary
Dear Bill,
On May 2, sold jan 06 30 puts on GM @ $6.45, today bought back @$1.35. Ka Ching!
thank you very much,
Richard
Posted by: richard s at July 20, 2005 11:02 AM [link]