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GM - General Motors

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 4, 2016.

  1. Gambit

    Gambit Active Member

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    GM's Barra Says Autonomous Vehicles 'Quite Astonishing' and a new daily low at $33.95 was just reached for GM.
     
  2. StockJock-e

    StockJock-e Brew Master
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    General Motors plans to temporarily shut down Detroit factory over slow demand, says report

    • GM will temporarily idle the Detroit-Hamtramck plant starting mid-November, says The Wall Street Journal.
    • Production will be cut by 20 percent when the plant reopens, the paper said.
    • The plant makes four models: the Chevrolet Volt, Cadillac CT-6, Buick LaCrosse and the Chevrolet Impala.
     
  3. Jack Levy

    Jack Levy Well-Known Member

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    Short term $48 in the house. Mid. Term $52 is coming. 8 X PE / hurricane effect. Used car price Up. Best on the auto market.
     
    Charles Noble and fidelgeorge like this.
  4. Jack Levy

    Jack Levy Well-Known Member

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    GM is setting up for a potential double bottom base, if that happens look out and above! Might rally to 45+ in a jiffy!
     
  5. rg7803

    rg7803 Active Member

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    Last week I got some of this, fundamentals are not superb, however I felt that current level is a low-risk bet.
    Atached (a bit old) weekly chart.
    gm_w.png
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Contracts talks for the big 3 started last week, current UAW contract expires on 9/15. This is currently bumping up against resistance.

    upload_2019-7-22_11-28-58.png
     
  7. TomB16

    TomB16 Well-Known Member

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    I've generally looked at GM and Ford as burning ships but the opposed piston diesel I mentioned in the Ford thread could extend the relevance of the ICE platforms for another decade.

    Opposed piston diesel will bring much needed emission and economy improvements to trucks and vans. This space is going to be difficult to electrify because of the scale of truck batteries and charging needs. Not every loading dock is going to have a 1 megawatt charger and I don't see it coming in the next 10 years.

    Achates Power has mentioned working with a major, American, manufacturer so I speculate 80% GM, 20% Ford. Whomever gets this technology will retain relevance on the 10 year time frame.

    I may invest in the company that gets this technology.

    Mazda's compression ignition technology is a great thing and it will extend ICE relevance in the car space but I don't think it will be relevant for as long and other manufacturers would do better to migrate to electric, rather than improve their ICE platforms. Mazda is in great shape, though.
     
    T0rm3nted likes this.
  8. T0rm3nted

    T0rm3nted Moderator
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    As the target of the UAW for the first of the big 3, the Union announced that a nationwide strike for the GM plants started last night at 11:59 PM. GM stock currently down 3%.

    It's a waiting game now to see who outlasts who.
     
    Bodacious likes this.
  9. Bodacious

    Bodacious Active Member

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    I would short the strikers.
     
  10. T0rm3nted

    T0rm3nted Moderator
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    As a UAW member, I stand with them ;)
     
    Three Eyes likes this.
  11. TomB16

    TomB16 Well-Known Member

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    I've never understood why a strike causes such heavy swings to the market cap of a company.

    Labor squabbles are not all that relevant, to the long term health of a company. The only caveats are extremely long strikes or a particularly bad contract. Other than that, the company will be in the same place two years from now as it would have been if there had been no strike.

    For someone looking to get into GM, this could be a nice buy opportunity.

    Once the workers are building cars again and a quarter or two have passed, the stock will be priced exactly how it was prior to the labor friction. Enjoy the discount.
     
  12. TomB16

    TomB16 Well-Known Member

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    As far as I know, Achates has not announced who they are working with to produce a production OPOC engine. Everyone seems to be betting on GM, myself included.

    Here is an 18 month old article.

    http://gmauthority.com/blog/2018/01...to-use-2-7l-opposed-piston-engine-get-37-mpg/

    If GM is working with Achates, this could be an amazing buy opportunity.

    Someone will have to build a ton of OPOC engines for the military (who has funded the development of this new technology) and I can't think of a company better suited to do this than GM.
     
  13. T0rm3nted

    T0rm3nted Moderator
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    Week 2 of the GM strike
     
  14. T0rm3nted

    T0rm3nted Moderator
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    GM still feeling the pain. Day 17 of the strike now.

    upload_2019-10-2_9-43-39.png
     
    TomB16 likes this.
  15. TomB16

    TomB16 Well-Known Member

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    It's interesting to see the trading perspective on this situation.

    GM is down about the same as Ford, in the last six months. When I look at the graphs, I think GM is doing fine.
     
  16. T0rm3nted

    T0rm3nted Moderator
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    Losing support

    upload_2019-10-8_10-27-28.png
     
    Three Eyes likes this.
  17. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    I agree with @T0rm3nted about the short term trend, but I also see it in a longer-term sideways trading range where it has frequently poked above and below the boxed range. Probably start selling puts at 30 strike if this thing drops below, say, 33.

    Screenshot 2019-10-08 at 12.36.18 PM.png
     
    T0rm3nted likes this.
  18. T0rm3nted

    T0rm3nted Moderator
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    UAW Leadership has said they are nowhere close. GM is not bending on anything and rejecting the UAW's proposals without even explaining why, and just sending back to them the same proposals as before. I don't see this strike ending anytime soon.
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Tentative agreement was reached yesterday and is being presented to all of the UAW locals presidents and chairs to be voted on and brought back to the membership for a vote. Could be the end of the strike, or just the beginning.
     

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