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Non-Tech : GM - General Motors -- Ignore unavailable to you. Want to Upgrade?

To: Jonas Grumby who wrote (59)	6/6/1998 8:31:00 AM
From: John D. White	Read Replies (4) \| Respond to of 543

Flint strike will overhang the market, but I would not sell core holdings. Tremendous hidden value here. The market will want to see GM stand up to the Union on this one and is prepared to take a hit on the bottom line if necessary. Some selling maybe, but the big money will be looking to get in if the market stays strong. Lots of big money missed the move in autos you know and is finally realizing the value here. Don't expect much movement either way. Expect range of 72 to 76, I'm in a strangle now. Short both puts and calls.