leon...
I covered half my short position in GM this morning, but the fundamentals for it are so bad that I kept some of it. I fully expect them to cut the dividend by the fall, if not before, and think this mornings hint that they will not make the full year estimates is an understatement.
Still, if the market continues higher, it will participate and could get back to the 38-40 range. I want to see what happens tomorrow before making any large bets in either direction.
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