Friday, November 7, 2008

The $4 Car ~ General Motors Corporation (Public, NYSE:GM)


Buy America!
GM
4.06
-0.74 (-15.42%)
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.... spec play of the DAY
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UPDATE: ENER 38.58 +3.98 (+11.50%)

10 comments:

BUY ON THE DIP said...

ENER and the battle at $39,

go team!!!

seizure said...

anyone else playing some Solar Stocks. Obama Mama speech might include buzz words emphasizing alternative energy growth and give a nice pop to solars this afternoon

kevin said...

BOTD!

Expecting a gov't bailout for GM?

love Kevin

kevin said...

When does obama speak today?

Big Mike said...

i have level I, is it level II that i need, just to be clear what level do you guys do? i want to be able to do what you guys do, its seems what they told me is just the covered, i can resubmit it and see what they say

Thanks for the huge help in advance

Level I (Covered) Covered call writing
Cash-secured put writing
Covered call writing
Cash-secured put writing

Level II (Long) Covered call writing
Cash-secured put writing
Purchase of calls and puts
Covered call writing
Cash-secured put writing
Purchase of calls and puts

Level III (Spreads) Covered call writing
Cash-secured put writing
Covered put writing
Purchase of calls and puts
Trading qualified spreads

Level IV (Full) Covered call writing
Covered put writing
Purchase of calls and puts
Trading qualified spreads
Uncovered call and put writing

seizure said...

correct me if I'm wrong. I think you need Level IV for the uncalled Calls and put writing

BUY ON THE DIP said...

level 2

Purchase of calls and puts

BUY ON THE DIP said...

ahead of the ENER upgrade.

November 7, 2008 11:55 AM EST

JANCO upgrades Energy Conversion Devices (Nasdaq: ENER) from Market Perform to Accumulate. Price target slashed from $72 to $45.

JANCO analyst says, "Based on the results reported by other solar companies such as First Solar (Nasdaq: FSLR) and SunPower (Nasdaq: SPWRA) and ENER's ongoing business momentum, we expect the Company to comfortably meet consensus estimates. We expect the market to react favorably to good results now that ENER's stock has pulled back from north of $75 per share a quarter ago to current price in the mid-thirties. Although not immune to the difficult macro environment, ENER's focus on BIPV with its flexible substrate thin films should put the Company on a relatively strong footing. While not changing our estimates for FY2009 and FY2010, we are bringing the multiples more in line with the rest of the group."

Energy Conversion Devices, Inc. (ECD) commercializes materials, products and production processes for the alternative energy generation, energy storage and information technology markets.

BIg Mike said...

Thanks for the help BOTD and Seizure, i just need to get to level 2 then, it seems like thats where the money is

anon said...

BOTD, What would happen if the Govt. bails out GM?

FNM/ FRE/ AIG scenario doesn't repeat? I thought GM is cheap here too today morning, but Govt. involvement means company survives, shareholders get killed? No?

Ofcourse, there is risk/ reward ratio for any play.