Barron's and GM

Barron's does it again with a horrible recommendation to buy GM. 

GM (GM) is not a buy.  GM is a sell.  It is trading lower than it traded in 1991.  Why?  Because it is a financing company and it's significance is deteriorating before our very eyes.  How can I say this?  Look at the price.  Price is what matters. A simple analysis of price tells us that GM is a sell.  Journalists that do not trade do not help your trading.  Having an edge and a process that exploits that edge are the things you need to make money trading.  Read good blogs, don't read Barrons.  Stay away from GM.  You will be glad you did.

Joel Stahl

Comments

[Chuck]

Isn't GM a type two countertrend buy on a daily chart?

[Joel Stahl]

Yes, it is. We have a lower low in price with Oscillator divergence. However, this trade already failed once. The March 17th line on a daily chart was also a lower low in price with oscillator divergence.

[rc helicopter reviews]

Impressive blog! -Arron