Announcement’s on General Motors (GM) from the CEO saying “We are close to bankruptcy”. This isn’t a great feeling if you are an investor for GM and if you have heard this horrible news you probably have a sell short call to make some extra money from the loses of General Motors. If you are just buying cause of the low prices GM has you might as well just sell that stock or if you think it will reach .90 cents which is highly likely before it goes bankrupt, if it does. You can grab onto some profits before this big blue chip stock falls down the gutter.
If you look at General Motor’s financial statements you can see they have more debt then assets. The only way GM can be saved is if we get actual experts in the top positions of GM’s top executives and get a new CEO that actually knows what the heck is going on which can soon come since Obama has ordered the CEO of GM to resign on June 1st.
If your an investor looking to trade in the stock market, take these stock trading tips as an investor and keep in mind. You don’t have to listen at all just keep it somewhere in your brain that you read this website and you have gathered a crucial stock trading tips and possibly this can be beneficial for you. Be a good stock trading investor, use common sense. Liabilities > Assets For GM
Balance Sheet – 91 million in assets and 170 million in liabilities. GM simply has to much debt, not enough liabilities. You guys do the math, it is simple, the assets cannot keep up with the liabilities which is why GM isn’t something to look at but if it makes it through the tough times and can get back on its feet this stock will boom again. Where can GM go? To big of a company to just let the government buy like this.
Sell Short For Now!
Posted in 
Tags: 
