GM Target short term long term

Discussion in 'Stock picks and trading strategies' started by ShermanTanker, Nov 18, 2010.

  1. ShermanTanker

    ShermanTanker Member won weekly contest 3x

    Anyone have any targets in mind for GM both short or long term?

    I see it hitting $40 since there is so much money being "encouraged" to strengthen the market.

    Long term is elusive since it will be very volatile with every government press release or action.

    Thoughts?
     
  2. Steve The Bluesman

    Steve The Bluesman Member weekly contest winner

    I see it slowly sinking down from here to the high 20's. IPO's always roar out of the gate, then hit the skids. Too much hype, not enough strength. Thierry's link to the WSJ article explains it well.

    YMMV of course. I have horrible luck with IPO's. They all tank. The only one I got in on that didn't was AMZN back in the 90's.
     
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