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

To: HiSpeed who wrote (103)	7/22/1998 1:15:00 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 543

I talked to a money manager at a large NY firm the other day and asked about their position on the strike. I was told that a quick resolution was not the highest priority. What was more important, in their minds, was to see the strike resolved without significant concessions on GM's part. This will have much deeper implications for the future than a couple of billion in the short term.

To: HiSpeed who wrote (103)	7/23/1998 12:01:00 AM
From: Investor-ex!	Read Replies (1) \| Respond to of 543

Hi HiSpeed, I suspect GM is perhaps a bit too obvious of a short right here, with the strike, publicity, and all. Some sort of squeeze might be in progress. Still, long term, GM would appear to be at a competitive disadvantage with its peers, regardless of the strike's resolution. This strike is highly symbolic with the UAW, they will not concede much, if anything. Also, intensifying Asian competition is just over the horizon, what with the current $/Yen ratio. Some sort of at-the-money option spread might be the most rational approach to playing this, at least for now.