General Motors (NYSE:GM) Stock Analysis 10/23/11

General Motors Co. (NYSE:GM) stock soared 6% on Friday after Ford received a credit rating upgrade. This news sparked me to take another look into the technical of GM stock.

General Motors (NYSE:GM) hit a low of $19.05 at the beginning of October and has been going up ever since. GM has been in a nice uptrend and has been bouncing off the 10 day moving average on every pullback. I would keep an eye on GM's 10 day moving average and if you see a close back below this level, sell.

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Motors Liquidation Company MTLQQ GMGMQ

July 15, 2009 - The old General Motors Corporation ( GMGMQ.PK ) is now GEN MOTORS (MTLQQ.PK) which is Motors Liquidation Company.

MTLQQ.PK opened up this morning and is trading at $0.63 so atleast investors are getting something and the GMGMQ shares aren't cancelled.

Here are a few news articles for you to read:

Motors Liquidation stock drops in early trading - Reuters

You've Been Warned: No Value in Old GM - thestreet.com


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General Motors GMGMQ Stock Halted 7/15/09

July 15, 2009 - Shares of General Motors Corporation (GMGMQ.PK) are still halted today leaving many traders and investors very stressed as their funds are frozen in GM stock.

There has been no word out of FINRA on when or if shares of GMGMQ will reopen and resume trading as Motors Liquidation Company.

The New General Motors Corp is expected to come out with an IPO mid 2010. GM warned investors for the past month that GMGMQ will likely get wiped out with the bankruptcy.

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General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.

http://www.gm.com/corporate/investor_information/

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General Motors Trading Halt Update 7/14/09

July 14, 2009 - On Friday, General Motors Corporation (GMGMQ.PK) stock was halted just after 2pm EST by FINRA. Investors and Traders seemed to be buying GMGMQ stock when they saw GM emerge from bankruptcy to form a new company.

GMGMQ trades as the old bankrupt company called " Motors Liquidation Company." The new General Motors will not IPO until atleast mid 2010 and shareholders of GMGMQ will not get any shares of that IPO.

FINRA suspended trading Friday and it is unclear whether the halt will be lifted or if the shares will be cancelled all together.

General Motors has had this statement on their website fort several weeks and also released a PR telling people to stop buying their stock because it will soon be worthless.

Discuss Stocks - http://stockstobuy.org

General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.

http://www.gm.com/corporate/investor_information/

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General Motors GMGMQ Stock Halted 7/10/09

GM stock finally going to be suspended? Shares of General Motors Corporation (GMGMQ.PK) have been halted on the pink sheets exchanges at 2:17pm EST on Friday - July 10, 2009. It is not clear whether these shares will be cancelled now that the new GM has emerged. The CFO was on CNBC earlier in the day and stated that they will review market conditions and a GM IPO could be coming by April 2010.

Discuss Stocks - http://stockstobuy.org

General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.

http://www.gm.com/corporate/investor_information/

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GM CEO Rick Wagoner to Resign 3/30/09

There are several report flying around the General Motors CEO Rick Wagoner is set to resign immediately. Below are some of the articles:

CNBC -General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.

AP - AP Source: GM CEO Wagoner to step down immediately

So what does this mean for General Motors ( GM ) stock on March 30, 2009? I would guess that this is a positive news development for the company. This guy failed as a CEO. When sports coaches do a horrible job, they get fired almost immediately. For some reason, this does not happen in the financial world. Take Mel Karmazin of Sirius XM Radio ( SIRI ) for example. All this guy did over the past 5 years was pump his stock and look where it is today. From $7 to almost bankrupt. Mel Karmazin is still the CEO, I don't get it!

Nevertheless, I think GM should do good on this news tomorrow!! Could new blood save GM? You can't do much worse!

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GM Stock Analysis 3/26/09 March 26 2009

General Motors ( GM ) stock is up 10% to $3.29 this morning due to the the hopes that the Auto Task Force will be giving GM another loan at the end of the month. There is also hope that the worst is over for the automakers.

General Motors Technical Analysis - March 26, 2009

http://stockcharts.com


GM stock analysis is very easy. General Motors has been bouncing off of the 10 day moving average since closing over it in early March. GM also had trouble breaking up though the 50 day moving average for several day but finally closed over this level last week. These two moving averages ( $2.71 & $2.81 ) offer solid support going forward. As you witnessed yesterday, buyers are lined up at these levels. A close below these two moving averages would be bearish and I would be selling my position.

On the upside, the key price that I am watching is $3.54. This was the high on Monday which caused a sell-off. If General Motors stock can get enough buyers to push it through the $3.54 level, I see the next stop at around $4 eventually. After $4.00, I see $4.49 and then $5.87. Lets focus on closing over $3.54 first!

For More Technical Analysis - Go Here

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GM Stock Analysis 3/20/09 March 20 2009

The following is technical analysis for General Motors ( GM ) stock - March 20, 2009

Support: $2.80, $2.40, $2

Resistance: $3.00, $3.50

GM stock is looking fairly good here as it is trending over the 50 day moving average. I am watching for a close over $3 as a sign this rally is not yet over. The market is pricing in another bail out loan and possibly that if things improve it could potentially be the last loan. GM has support around the $2.40 level and $2. A close below these two an GM stock will restest the lows. General Motors needs to stay above the 50 day moving average! For More Technical Analysis - Go Here

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Stock Market 3/14/09 Dow Jones Report

The Stock Market was up big this week with financials leading the charge. The Dow Jones, Nasdaq, and S&P 500 were up four straight days starting on Tuesday. Check out my technical analysis for Monday. As you can see, we are approaching major resistance areas near the 50 day moving average.

Stock Market Report - March 14, 2009

Next week will be an interesting week as we see if these recent stock market gains can hold. Sunday night Ben Bernanke will kick things off with an appearance on 60 minutes. He will follow things up with a Fed meeting on 3/17 & 3/18.

General Motors ( GM ) - So GM stock rallied big this week going from about $1.55 to $2.85, closing at $2.72. General Motors told the Government they will not need the 2 billion in March as their cost cutting measures working. However, they will still need to huge loan to get by and it could be as much as 14.6 billion.

GM, struggling to avoid bankruptcy amid a global sales slump, has been surviving on the federal loan it won in late December. The administration's auto task force faces a March 31 deadline to decide whether to give GM and Chrysler additional loans.

GM News afterhours 3/13/09 - GM stock down 12% tonight as they try to get Europe to bail them out. GM, which is on the verge of bankruptcy and bailed out by the U.S. government, is seeking for a 3.3-billion-euro bailout for Opel, GM Europe's major part, from European governments while looking for buyers. Also, GM Recalls 277,000 Vehicles For Gear Problem.


TALF - What is Talf? Next week, the deadline for the first wave a TALF will close. The Fed announced it was extending TALF by two business days. This announcement extends the deadline for recording TALF loans until the close of business on March 19. The settlement/disbursement date remains March 25 for this first wave of TALF lending. The TALF seems to be the lone Government program that might actually work!


Stock Watch 3/16/09 - These stocks were hot on Friday, keep them on your stock watchlists for Monday.

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General Motors GM Earnings 2/26/09 - February 26, 2009

General Motors ( GM ) has come out with earnings today, February 26, 2009, and some of the details are listed below. In Pre market trading, GM's stock price is currently $2.36 Down 7.45%.

• Revenue - $30 Billion
• Loss of 5.90 Billion Ex items - this is much greater then the 4.5 Billion loss expected.
• General Motors burned through 6.2 billion in cash during the quarter
• GM lost 16.8 billion in 2008
• GM now has 14 billion in cash on hand - getting really close to the 10-12 billion needed to stay alive.

"2008 was an extremely difficult year for the U.S. and global auto markets, especially the second half," Chairman and CEO Rick Wagoner said. "These conditions created a very challenging environment for GM and other automakers, and led us to take further aggressive and difficult measures to restructure our business.

"We expect these challenging conditions will continue through 2009, and so we are accelerating our restructuring actions. At the same time, we are continuing our commitment to exciting, fuel-efficient cars and trucks, and the leadership in advanced propulsion technology."

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General Motors GM Chrysler 2/18/09 - February 18, 2009

General Motors ( GM ) and Chrysler are back asking for more Government assistance tonight. This comes as no surprise, but both companies need more money to survive the current economic crisis.

General Motors ( GM ) News Highlights - 2/18/09

- GM seeks up to 16.6 billion in additional aid
- General Motors may cut around 47,000 jobs in 2009
- Will report back in March 31st, 2009 and show how they will become profitable
- Will close 5 plants by 2012
- Selling ( or shutting down ) the Hummer Unit by March 31, 2009
- GM received 13.6 billion since December and they will need at least 9.9 more ( up to 16.6 ) Yikes!!

Chrysler News Highlights - 2/18/09

- Chrysler needs an additional 5 billion after already receiving 4 billion since December
- Auto Sales continue to decline

Each company has come up with several bankruptcy scenarios but would like to avoid them at all costs. Can we afford to let them go Bk? The unemployment rate could spike up to 13% or higher.

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General Motors GM Ford F Stock 2/17/09

Today, February 17, 2009, General Motors ( GM ) and Ford ( F ) stocks are both taking a nose dive along with the stock market. Futures are down significantly in pre market trading.

Why are GM, F stocks down along with the stock market? Fears that one of these automakers won't survive are back while gold prices are soaring. It has been reported that General Motors might need multi billion dollars just to survive the rest of the quarter. The fear in the market this morning comes from the statement - When will enough be enough? Can we afford to let one of these automakers go bankrupt? If one goes, some say, they all go down. GM and Chrysler are in for a tough ride but Ford seems to be holding up well.

General Motors ( GM ) & Ford ( F ) pre market stock quotes:

GM - $2.38
F - $1.66

Key News Highlights Today - 2/17/09 - Look for the automakers' plans to be released after 4pm today.

- Time is up for GM, Chrysler to file restructuring plans
- Would a G.M. Bankruptcy Save Taxpayer Money?
- GM may ask for bankruptcy protection or additional financial aid
- China’s Sichuan Auto Said to Be in Talks to Buy GM’s Hummer
- Ford-UAW talks progress; may be basis for GM, Chrysler pacts

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