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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (31749)5/4/2005 5:45:48 PM
From: patron_anejo_por_favor  Read Replies (2) of 110194
 
That's pretty much my take....this was greenmail, more or less. He either sold into today's action, or he's gonna try and strong arm GM management into a major restructuring which may or may not work (given the nature of their union/pension obligations, I suspect not). Note that this implies NOTHING for Ford, which is absolutely blowing chunks in the market....today was an excellent reshorting opportunity for them, IMHO.

DISCLOSURE: NO position on GM, SHORT shares of Ford.
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