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

To: Axel Gunderson who wrote (79)	7/8/1998 3:24:00 PM
From: Ed Diaz	Read Replies (1) \| Respond to of 543

My two cents. The recent movement of this stock clearly illustrates, IMO, the effects of insider trading. Think about it. The company is closed up due to a strike, "with no settlement in sight"; inventories and revenues are shrinking; earnings for the quarter and year are going to be seriously impacted. How amazing that the stock has powered ahead under these conditions. I'll just bet GM employees, on both sides of the strike, have bought much of the stock over the past two weeks, and all the ballyhoo over the strikes impact on GM finances is just so much negotiations rhetoric. That being said, look for a "miraculous" strike settlement very soon.

To: Axel Gunderson who wrote (79)	7/8/1998 5:37:00 PM
From: porcupine --''''>	Respond to of 543

There is a question, certainly from the UAW's point of view, as to whether or not GM is spending enough on capital equipment. If not, it would show up as (unsustainable in the long run) increases in free cash flow. But, on the face of it, it sure looks to me like "Value Heaven". Reynolds Russell, Registered Investment Advisor Editor, "Graham and Doddsville Revisited" web.idirect.com Subject 19528 "There are no sure and easy paths to riches in Wall Street or anywhere else." (Benjamin Graham)