Friday, May 30, 2014

General Motors (NYSE: GM) a Sell

This is no doubt a tough market to trade. Stocks seem to be levitating over a pit of ravenous bears who can't seem to get the upper hand (at least not yet).
On average, taking big short positions has been a losing proposition for investors, as many stocks have managed to climb higher in the face of uncertainly. If you are going to go short, there better be a darn good reason to do so.
Even though momentum stocks may look overpriced, it's safer to use less volatile stocks in this market environment. Traders should also use stop-losses and have realistic expectations.  (more)

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