View Single Post
Old 07-23-2008, 12:09 PM   #1 (permalink)
Ming
GMI Staff Member
 
Ming's Avatar
 
Join Date: Jan 2003
Location: SE Texas
Posts: 13,429
GM Stock Nearly Doubles in One Week

How about some positive news for a change? - Ming

At 11:46AM ET: 15.5116 1.1916 (8.32%)

http://finance.yahoo.com/echarts?s=G...ol=GM;range=5d

GM stock last week briefly bottomed in the 8 dollar range.

GMI Flashback: Time to Buy? Investment Firm Advises Clients to Sell GM Stock

Quote:
The decline in oil also reflects an increased appetite for risk among traders who previously viewed the Treasuries and commodities as safe havens for their positions, but are now cautiously nibbling along the bottom of credit market victims. And demand factors continue to place downward pressure on oil, with today's inventory status report expected to reveal another increase in gasoline stocks due to reduced consumer demand in the US. The lower oil prices sent energy shares 3.3% lower, but resulted in a 2.7% advance in consumer discretionary shares, with General Motors (NYSE:GM) up 9.4%
http://www.foxbusiness.com/story/mar...ly/-1449367998


Last edited by Ming : 07-23-2008 at 12:15 PM.
Ming is offline   Reply With Quote
Sponsored Links
Advertisement