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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (20510)	3/9/2005 11:20:40 AM
From: Paul Senior	Read Replies (2) of 78659

E_K_S: GM. I've lost my stomach for this one - trend down in stock price is too much for me - not willing to take more losses here. For me, this trend makes it doubly difficult for me to see how or have hope that GM business is going to recover in next couple of years. (But it very well may.) Closed out my position for now. --- Also car related, I'm slowly exiting losing position in aluminum wheel supplier, Superior Industries Int'l (SU). Superb balance sheet imo, but company apparently hit by very, very strong price competition coupled with declining demand from OEM's.

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