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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (56201)4/25/2002 8:57:34 AM
From: Bocor  Read Replies (1) | Respond to of 99280
 
>>Dollar at 115.42>>
easy answer....got gold? it's the new bull market, period.



To: t2 who wrote (56201)4/25/2002 10:43:39 PM
From: Timetobuy  Respond to of 99280
 
GM is too loved now NV. It might go up more, but for god's sake, how many more cars can they sell and how sustainable is it?

The auto parts companies probably have a longer cycle since they have to still make replacement parts even if new car sales start to peeter out.

GM has issues with it's pension fund just like ge and ibm. The time to buy it was when everyone hated it and the valuation was ridiculous with a good dividend yield.

If I hadn't sold calls on it a while ago, I'd have sold it at 65. I bought puts on it to protect my downside in case the market decides to sell off more or rotate into something else, what I do not know.