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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (5663)	6/23/2009 1:45:52 PM
From: RockyBalboa	1 Recommendation Respond to of 6370

GMXR is just a trading vehicle for me; this goes back to a time when I shorted the stock because it was so sickly valued and I considered commodity plays "overowned" (back then, GMXR just completed a sizable secondary at $72) Message 24769490 It does have some operating cashflows but the policy of huge capex, borrowing, stock sales and then equally huge writeoffs cast some doubt under the company. As such it is too "volatile" or unpredictable for me. In the short term, it is clearly following energy moves. finance.yahoo.com Jeffries gave them new targets but the day they came out with their recommendations - most of the stocks saw their highest prices for 2009. Sheeple must have bought those upgrades: Message 25723091