Is GM a good short sale now?

Question

Wow, GM's products are really inferior and are likely to leave the poor customer stranded along the side of the road. Is the stock a good short? Isn't the company ultimately headed to bankruptcy within 5 years? Waggoner doesnt know what end is up just like all the previous CEOs. The UAW workers are lazy and incompetent. How can a corporation compete and pay a 57 year old who cannot write $40 an hour to sweep the floor? Besides GM's products stink. Toyota is kicking GM's butt big time!! Is now the time to short GM??

Answer 1

That is why I don't want to know the actual name or business of stocks I invest in. I invest in the stock, not the company or its products. The price of the stock is influenced by the opinion of the market on the value of the stock itself. So, don't worry about GM's president. My charts show a short term short of no more than a buck down from present price, then likely a bounce. I'd stay away from a short right now. But, please, take only your own advice.

Answer 2

What you need to understand is that GM is not just joe schmoe company that when they run into problems will go bankrupt, they are way to big and have way to much revenue and money to just do that, larger companies like this usually do a slooooooooowwwww drag for years restructuring laying off ect in the end it will probably be much smaller company but not bankrupt.

Answer 3

No and GM are very good vehicles. Every one I have everowned had lasted well over 100k or in the case of my work van over 250k (in three years) with little problems. Toyota is kicking FORDS butt NOT GM.

Answer 4

i just looked at the chart and my technicals says its in a down trend but do your own due diligence yes gm isn't what it used to be by no means i read an article here recently that said Toyota and Nissan will probably be at the top of the list by years end

Answer 5

No.