Seems like all those great Ivy League senior executives, finance folks, and level 8,9,10,11....35 folks can't figure out how to stop the drop in stock price. Duh Rework your cost structure and lower your car prices and YOU WILL be the king of auto's. Your a dinosaur company that can't deal with global economics. Merging with FORD will only make the matter worse. Fix your own problems internally and you will survive. Otherwise prepare for bankruptcy 2.0 Get a clue. You are sinking.
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Regardless of what the greater market does, it would be shortsighted to think that GM will follow.
Look at the past ~10 years of GM vs the market. The market is up 130-200% depending on the index you reference. GM? Stagnant. There is no reason to believe that GM will do anything other than be stagnant into the future.
The only thing that makes GM a good buy (when the prices drop) is the dividend.
Appreciate all the updates - many thanks & Shalom.
Should also add that GM along with the Dow, are developing the right side of an inverse head and shoulders pattern. It's about complete, and the run is about ready. This should propel GM stock to about 50-52 just from what the charts show.
I know you want them to falter, but this is a game of chess, not checkers. You can read the moves in the stock charts before they occur, which make these day to day news tidbits are complete nonsense.
To offer a piece of satisfaction, after this run, this market will be long in the tooth. It will be the largest and most accelerated advance of the last three moves. A pull back and real correction will be required, which is where you will see GM stock fall flat on its face. I'm quite sure they see this too, which is why they're positioning themselves the way they are now. It should be sooner than later this materializes.
Look at the 2017 bitcoin price to see a very similar pattern, of what can happen to overbought conditions, returning to mean, before the advance can resume.
The Dow is setting up for another monumental run, like it did in the 15/16 baseline pattern. With that run, it will raise up all stock prices along with GM. However, what comes after that, will make most companies wish for 2008 prices again. Maybe GM will do a little better since last time, since their price went to zero.