GM down another -6.4% on the day

06/23/08 04:54PM EDT

From a quantitative perspective, GM has now lost almost 1/3 of its value since we shorted the Barron's "buy GM" call, and the stock is finally oversold. Cover for a "Trade" and re-short the bounce.

Levered companies are still allowed to go bankrupt.
KM

(chart courtesy of stockcharts.com)

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