What’s good for America is good for GM…

Posted on Jan 11, 2011 by WHC Bassetti in Letters

We are now at the beginning of a most interesting experiment.  If you take our weekly Magee Basing Point study and run it on MSFT you get a trade that last 13 years.  We suspect we are about to repeat that experience with GM.  In other words the way to manage the GM trade is with weekly Basing Points, the first of which is at 33.07, which, using a 5 % filter makes the first GM stop at 31.42.

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