What’s good for America is good for GM…

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.

Thirteen years from now you will be telling your grandchildren, yep, grandad bought GM at 39 because this little old professor with a ruler was bullish on America.

And if in the meantime GM should go out of business you will have a stop to protect what’s left of your capital.

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