GD
june 30's GMPFNo time to post, but in a long term downtrend, near the top of the channel. Just failed an inverse head and shoulders, sitting at the 200 day, recent uptrend broken. Naked june puts @$1.10.
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Shorting GM
Started by
gorydog
, Mar 14 2007 10:36 AM
2 replies to this topic
#1
gorydog
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Posted 14 March 2007 - 10:36 AM
No time to post, but in a long term downtrend, near the top of the channel. Just failed an inverse head and shoulders, sitting at the 200 day, recent uptrend broken. Naked june puts @$1.10.
GD
GD
#2
Cirrus
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Posted 14 March 2007 - 10:37 AM
I've been short for a while. I shorted as I expected the subprime deal to eventually land on their doorstep, too. Besides, it's not like their auto business stinks, too. LOL.
#3
gorydog
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Posted 16 March 2007 - 05:27 PM
I sold my puts @ $1.65 near the close. I'll buy them back on monday - I was thinking there might be some attempt to push it up from the way it wound down late today, and naked puts are risky.I've been short for a while. I shorted as I expected the subprime deal to eventually land on their doorstep, too. Besides, it's not like their auto business stinks, too. LOL.
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